Oireachtas Joint and Select Committees

Tuesday, 23 November 2021

Joint Oireachtas Committee on Climate Action

Energy Charter Treaty and Energy Security: Discussion

Dr. Yamina Saheb:

If the EU countries exit, one of the implications is that EU investors will no longer be able to sue from the EU. They will need to find different legal arrangements to sue other countries. Of course, they can always continue to do it from other parts of the world that are party to the ECT. The other direct implication is the fact that the expansion of the ECT to developing countries will most likely end with the end of the EU contributions to the ECT. EU countries' contribution to the ECT secretariat is around 65%. Basically, the expansion of the ECT to developing countries is paid for by our taxes. This is an important point for us as citizens as we need to know that our taxes are no longer used to expand a treaty that protects fossil fuels in countries where they exist. That is me keeping my answer short.

Comments

No comments

Log in or join to post a public comment.