Investments in the Energy Sector and Environment Protection (International Legal Aspects)

Abstract

The article is devoted to the Energy Charter Treaty. The main objective of the Energy Charter Treaty is to reduce or eliminate risks connected with investments and transboundary flows in the energy sector. The Energy Charter Treaty has a special position providing a unique multilateral protection regime for investments in the energy sector. The investment issues are fairly new in international agreements.
Concerns relating to climate change and other environmental consequences of energy production and use are focused in the world on problems of energy efficiency. Various international forums, in particular, those of FCCC member-states, stress the importance of efforts aimed at raising energy efficiency and limiting greenhouse gas emissions.