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Energy-Charta blocks UN-Climate Agreement

Today a sensational study was launched, which shows, that the „Energy-Charta of 1994 has given investors the right of immense compensation against governments in case of closing down fossil energy plants (ISDS). This right they today can still use to blockade governments attempts to fullfill the UN-Climate Agreement.

 

But european ISDS-clauses just has been cancelled by the European Court of Justice as producing an unlawfull parallel justice.

So the ISDS-clause in the Energy-Charta has to be cancelled by court as well an das soon as possible.

 

And as the urgent need to decarbonize the world economy has been negotiated since decades the investors did know that their fossil plants have to be closed down, so their investments and future profits are not to be protected and compensated.

Read the full text here.