ISDS Case Map
climate
EU countries are voting with their feet, quitting the investor protection pact despite the EU’s efforts to reform it – but the European Commission warns it will be worse to be outside than in.
After Bolsonaro, the European Commission, as well as some governments and industries in Europe will see an opportunity to push through the EU-Mercosur trade deal. But the agreement would be the exact opposite of what the Amazon needs.
A wholly new international investment regime designed with climate and other global goals in mind could be used as a tool to accelerate the investments needed to address the climate crisis.
The much-criticised free trade agreement between the EU and the four Latin American countries in Mercosur is currently at a standstill but could be revived.
African countries are increasingly becoming signatories to the ECT potentially tying the hands of government to freely design their climate policies.
Climate, Environment, Sustainable Development, and Green Deal Minister Zakia Khattabi reiterated her support for Belgium’s withdrawal from the Energy Charter Treaty during the EU’s Environmental Council meeting.
Slovenia will follow the lead of countries such as the Netherlands, Spain and France and very likely withdraw from the Energy Charter Treaty, Infrastructure Minister Bojan Kumer announced.
France, Germany and Spain plan to leave the controversial investment pact, putting a whole system of dirty energy protections into play.
Quitting the ECT, which protects fossil fuel investors from policy changes that might threaten their profits, was ‘coherent’ with Paris climate deal, Macron said.
Signing the ECT would give the transnational companies in the energy sector a weapon to re-colonise Nigeria, as it would also be incompatible with Nigeria’s economic diversification aspirations.
