Energy
#EnergyCharterTreaty - Commission asks for mandate to negotiate modernization of investment provisions
The Commission has adopted a draft mandate to engage on behalf of the European Union in the negotiations to modernize the Energy Charter Treaty (ECT), a plurilateral trade and investment agreement applicable to the energy sector to which the EU is part.
These negotiations aim to revise the provisions of the Treaty in a way to reflect the EU's reformed approach on investment protection and achieve greater legal certainty and clarity of the rules applicable to the protection of foreign investments. Among other elements, the Commission recommends the inclusion of an explicit provision on the right of States to regulate, a closed list of circumscribed cases constituting a breach of fair and equitable treatment, more clearly defined rules on expropriation and stronger provisions on sustainable development, climate change and the clean energy transition.
As part of its commitment to transparency, the Commission is publishing its draft proposal, at the same time as submitting it to EU member states for adoption.
For more information, see a news item, Commission's proposal and other resources on EU modern investment protection approach.
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Kazakhstan4 days agoKazakhstan cuts water use by 874 mln m³ through new technologies
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General3 days agoSerbia’s business environment is driving its integration into the EU
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Belgium4 days agoRecord breaking Belgian sailors making more waves
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Maritime4 days agoEurope's peripheral and maritime regions 'combine many territorial assets', meeting told