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To ask the Secretary of State for International Trade, whether her Department has made an assessment of the implications for its policies on the UK's net zero target of the judgments in Uniper vs Netherlands and RWE vs Netherlands in relation to the Energy Charter Treaty.
To ask the Secretary of State for International Trade, whether her Department has made an assessment of the implications for its policies on the UK's net zero target of the judgments in Uniper vs Netherlands and RWE vs Netherlands in relation to the Energy Charter Treaty.
The United Kingdom is engaged in the process to modernise the Energy Charter Treaty (ECT) to ensure it is aligned with her climate objectives and advances the British and global clean energy transition. Given the substantial investment required to support the energy transition, the ECT plays an important role in supporting these objectives by protecting British and global investments in clean energy.
The United Kingdom has investment agreements with Investor-State Dispute Settlement (ISDS) provisions with over 90 trading partners, including within the Energy Charter Treaty (ECT). There has never been a successful ISDS claim brought against the United Kingdom, nor has the threat of potential claims affected decisions taken by HM Government.