Letter to the UK Prime Minister regarding the Energy Charter Treaty
Ahead of the negotiations on the Energy Charter Treaty (ECT) taking place on 2nd March – 5th March, IIGCC sent a letter to the Prime Minister setting out how the Energy Charter Treaty currently protects investments in fossil fuels.
The letter recommends that the UK significantly increases political pressure on the modernization process of the ECT, to discourage further investment into fossil fuel-based energy projects, end the protection of existing investments in fossil fuels and align the ECT with the goals of the Paris Agreement. As President of COP26, the UK is in a unique leadership position to raise global climate ambition and address barriers to the clean energy transition internationally.
Incorporating Derivatives and Hedge Funds into the NZIF: Consultation Responses