The exit of the EU from the Energy Charter increases the “uncertainty” of investors

Expert lawyers in arbitration assure that the effects of this decision are not retroactive in the ongoing claims, but generate doubts in future projects

The European Commission proposed in early July a coordinated exit of the European Union and its member states from the Energy Charter Treaty (ECT). The main argument to justify its departure, after almost 30 years of permanence, is that the update of the text prevents it from fulfilling its climate commitments, since greater protection is given to investments in fossil fuels than to those made in renewable energies. This decision will not have direct effects on the millionaire claims against Spain in progress for the cut in renewable energy premiums, but it does generate “uncertainty” in the investment sector, according to energy experts.

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