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Energy Charter Treaty, established in April 1998, is facing a major shift as the UK announces its departure.

Energy Charter Treaty
[Ref: The Hindu]

About Energy Charter Treaty:

  • The treaty offers a distinctive international law framework for collaborative energy efforts.
  • It became legally effective in April 1998.
  • Headquarters: Brussels, Belgium
  • Members: 53 Signatories and Contracting Parties to the Treaty.
  • It aims to enhance energy security by fostering open and competitive energy markets, with adherence to sustainable development principles and respect for sovereignty over energy resources.

Ref: Source

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