Energy Charter Declaration 2018 – Modernisation of the ECT

The Energy Charter Conference has issued a declaration following the 29th meeting of its Members. This year's conference, hosted by Romania, focused on the role of innovation in driving energy security, sustainability and prosperity. The declaration reiterates commitment to the Energy Charter Treaty (ECT) and the principles of the 2015 International Energy Charter. However, it also commits to starting discussions on the modernisation of the ECT, which it describes as "essential" to address developments in the energy sector, including decarbonisation, digitalisation and electrification. The planned modernisation is also intended to "bring the investment protection of the ECT in line with modern standards... Read more