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Reading: The United Kingdom is leaving the Energy Charter Treaty, which ‘penalises’ green climate action.
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Baner Club > Blog > Science > The United Kingdom is leaving the Energy Charter Treaty, which ‘penalises’ green climate action.
Science

The United Kingdom is leaving the Energy Charter Treaty, which ‘penalises’ green climate action.

The UK is leaving a contentious agreement that lets corporations that produce fossil fuels bring legal action against countries for their climate policies.

Last updated: 2024/02/23 at 9:20 AM
Published February 23, 2024
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Protesters and think tanks had been putting increasing pressure on the administration to sever connections with the controversial treaty.

The government announced that the UK was leaving the Energy Charter Treaty because efforts to modernize it had come to a deadlock.

By employing secretive arbitration courts, it allows foreign businesses to contest energy policies that pose a threat to their investments.

The goal of the treaty, which was established in the 1990s when energy systems relied primarily on fossil fuels, was to promote global energy investment.

However, it means that nations aiming to increase clean electricity and lessen their need on fossil fuels have encountered expensive legal hurdles.

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admin February 23, 2024 February 23, 2024
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Previous Article Israel-Hamas conflict: Muslim advocates for Palestine “may have been killed” when a brick was thrown through a window.
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