According to French President Emmanuel Macron, France will be the latest member of the European Union to leave a deal on energy that environmentalists believe the fossil fuel sector is using to undermine environmental regulations.
In order to safeguard foreign investment in the energy industry, the Energy Charter Treaty came into effect in 1998. Environmental and climate advocacy groups demanded that all of the European Union’s members withdraw from the deal.
While Spain and the Netherlands have declared a similar orientation, Italy has already confirmed its withdrawal.
Within the framework of the policies of the green agreement of the European Union, member states agreed last year on the need to review the treaty to stop any additional investments in the infrastructure projects based on fossil fuels, “unless they are fully compatible with an ambitious, specific and clear path towards climate neutrality”, in line with the goals of nations United.
Macron called last month to “accelerate a tremendous speed” for the pace of developing renewable energy in his country, and this includes marine wind and solar farms, through a new plan that seeks to catch up with the late France with the energy policies of its neighbors in the European Union.
Origin: a b.
France pulls out of a deal on energy
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