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Energy Charter welcomes the global agreement on climate change

The Energy Charter Secretariat congratulates the 195 Parties that on 12 December 2015 reached a global Agreement within the UN Framework on Climate Change to keep the expected rise of the planet’s temperature below 2 degrees Celsius in this century. The Paris Agreement implies a global transition to a low-carbon economy and sustainable energy model. Furthermore, it is a milestone for long-term visions, international cooperation and the multilateral system.

The global climate and energy objectives are to benefit from the Energy Charter’s unique framework in the areas of investment, trade and transit within the respect and protection of national sovereignty. The concepts of stability, transparency and predictability which underpin the Energy Charter Process provide the basis that investors, businesses and policy-makers need to confidently accelerate investment decisions in cleaner technologies and energy efficiency. By adopting the 2015 International Energy Charter, more than 75 countries from all continents have already expressed their commitment to create a level playing field and reinforce the rule of law. All countries across the world are invited to accede and participate in the Energy Charter integration process, which will build trust and confidence in energy businesses and therefore will help to achieve the objectives of the Paris Agreement.