The international energy treaty that threatens Labour’s energy nationalisation plans may also risk undermining the EU’s green new deal, according to Friends of the Earth. The environmental organisation is calling for parts of the energy charter treaty (ECT) to be scrapped to prevent fossil fuel companies from using the multilateral agreement to take governments to court over green policies. The group has warned that unless the ECT undergoes a fundamental overhaul in talks this week, it risks undermining the European green new deal, which is to be unveiled on Wednesday by Ursula von der Leyen, the president of the European commission. The ECT was set up after the end of the cold war to protect western energy companies as they started to invest in former Soviet states. However, energy companies are increasingly using the treaty to challenge governments’ new climate policies.
Guardian 9th Dec 2019 read more »
European countries have been told to “double” their renewable energy targets by 2030 or risk not meeting the Paris Agreement, according to a report due out next week. The new report by the International Renewable Energy Agency (IRENA) will urge countries to “significantly raise” their clean energy ambitions to meet the 7.7 tarawatts(TW) of energy required. The report will be released next week at the UN Climate Change Conference (COP25) in Madrid.
Energy Voice 6th Dec 2019 read more »