Germany withdraws from the Energy Charter Treaty

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Germany has decided to withdraw from the international energy agreement – the Energy Charter Treaty. As Robert Habek, the Minister of Energy of Germany, said, the contract hinders the transition to green energy, reports the dpa agency.

It is true that the Energy Charter Treaty was drafted in such a way that it works against the Paris Climate Agreement and is an obstacle to the energy transition,” Habek points out.

This agreement was in the hands of “companies for the production of fossil fuels and they used it to avoid measures against climate change”, according to the world media.

Habek, a member of the Greens environmental party, supported calls by environmental activists for the European Union as a whole to withdraw from the Energy Charter Treaty.

“The bitter news is that the phasing out, which is foreseen in the agreement, will last 20 years,” Habek explains.

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As he adds, Berlin’s withdrawal means that they will not participate in the process of reforming the agreement. The European Union has so far failed to get other members to agree to the proposed amendments.

Deputy head of the Greens parliamentary group, Julia Ferlinden, described the Treaty as a “relic of the fossil fuel era”.

“At a time of the climate crisis, it is absurd that companies can sue for lost profits from investing in fossil energy or seek compensation for abandoning coal and nuclear energy,” said Ferlinden, dpa reports.

In 1994, the Energy Charter Treaty was signed by about 50 countries. The aim of this agreement was creation of framework conditions for cooperation in the field of energy in accordance with international law, with respect for “open market and competition”.

Italy, France, Poland, the Netherlands and Spain have previously announced their withdrawal from the agreement.

Milica Radicevic


Source: Energetski Portal by energetskiportal.rs.

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