Charting a new energy course

The Energy Charter Treaty has been referred to as a “relic of the past” and “a chimaera of the energy industry” during the three decades it has been in force. Many see it as a crutch for the fossil fuel sector and an unnecessary weight that is dragging down the green transition. Some countries have signalled their intent to leave the agreement, Italy has already left and others are in the process of considering their options. In July, the executive branch of the European Union proposed that the 27-member bloc should exit the treaty en masse. So what is going on?This week, Fabian Flues, investment policy lead at PowerShift, joins the show to explain why the ECT is so divisive and why the green transition could accelerate by consigning the agreement to the past. He also suggests that this might be a death knell for the ECT, as it might not be able to survive without EU countries as members. Could this be an important milestone in the journey towards net-zero?Enjoy the show!If you have any thoughts or questions about anything that has been discussed in this week’s episode, you can reach us at our Twitter accounts:PowerShift: https://twitter.com/PowerShift_eVSam Morgan: https://twitter.com/SamJamesMorgan@Policy Dispatch: https://twitter.com/PolicyDispatchFORESIGHT Climate & Energy: https://twitter.com/FORESIGHTdkListen and subscribe to Policy Dispatch wherever you get podcasts. Follow us on Twitter at @Policy Dispatch or email us at [email protected]. You can also find FORESIGHT Climate & Energy on LinkedIn.Show notes:See them at: https://foresightdk.com/pd-ep20.TRY FULL ACCESS TO FORESIGHT CLIMATE & ENERGY FOR €1 A DAYJoin over 100,000 policymakers, energy experts in business, finance, and academia, city leaders, and leading NGOs in having access to FORESIGHT Climate & EnergyGET YOUR 30-DAY TRIAL: www.foresightdk.com/subscribe/. Hosted on Acast. See acast.com/privacy for more information.