Denmark is working towards exiting the Energy Charter Treaty, its energy ministry said on Thursday, casting further doubt over an international agreement that critics say has become an obstacle to tackling climate change.
"As the Energy Charter Treaty looks now, it creates unnecessary uncertainty about the green transition," Climate, Energy and Utilities Minister Lars Aagard said in a statement.
Aagard said other existing legal frameworks would ensure that, even without the ECT, investors can safely invest in green projects in Denmark and elsewhere. Treaty members negotiated reforms to the ECT last year, but EU countries rejected them - meaning the reforms cannot yet apply.that a joint EU exit from the treaty appeared "inevitable".
In that closed-door meeting, a large number of countries still did not take a position on whether to quit. Some raised legal questions about the options being considered by the EU. Those options include a clean exit of all EU countries, or an EU exit that would allow some EU countries to stay in the treaty.
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