The Energy Charter costs states a lot of money if they want to phase out coal, oil or gas.
(Photo: dpa)
Brussels France’s decision to withdraw from the Energy Charter has been around for around two weeks. According to climate protectors, the investment protection agreement is slowing down the energy transition by making the switch to wind and solar power expensive and complicated, among other things.
The French government turned to Berlin and wanted to announce the decision to leave at a joint appearance by President Emmanuel Macron and Chancellor Olaf Scholz. But the federal government was not ready yet.
The French felt stalled. “We were waiting for the Germans, but it was becoming increasingly silly to delay the announcement of the decision,” Macron confidante Pascal Canfin told Handelsblatt. Canfin is the Chair of the Environment Committee in the European Parliament.
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