Energy Charter Treaty: Commission asks for mandate to negotiate modernisation of investment provisions
The Commission today adopted a draft mandate to engage on behalf of the European Union in the negotiations to modernise 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 investments.
Among other elements, the Commission recommends the inclusion 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.