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The stated aim of many governments is to transition away from fossil fuels in line with the Paris Agreement – an aim made more urgent by the need to end dependence on Russian energy. The international Energy Charter Treaty risks frustrating these aims.
Global Insight assesses the implications for businesses and their lawyers, from contracts to the need to diversify how goods and services are sourced.
Since the summer, Europe’s energy sector has been under strain – and under government and regulatory scrutiny, over its response to severe market challenges. Oil prices are high and wholesale gas prices continue to increase, despite government intervention aimed at giving providers a freer rein to respond.