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Energy Charter Treaty, a legal reference for the Energy Transition

The Energy Law Associations from France, Greece, Italy, Portugal, Spain and the United Kingdom have created the European Federation of Energy Law Associations (EFELA), which held its first conference in Brussels on 18 September 2018. The event was entitled ‘Beyond Energy Sector Reforms’. Associations in Germany and Ireland are observer members. EFELA’s goal is to promote ‘reflection, study, research and discussion on the configuration of a modern Energy Law’ at a time when the energy transition requires to adapt and adopt legal frameworks at four levels: contractual, national, regional, and international. A similar event took place last week, when the new Latin American Association of Energy Law (ASIDE) held its first conference in Monterrey, Mexico.

It is hardly surprising that both EFELA and ASIDE have invited the Energy Charter Secretariat to intervene in their respective inaugural events. Indeed, the Energy Charter Treaty (ECT) is a benchmark to improve the rule of law in international energy relations. The ECT aims to guide and inspire governments, legislatures, regulators, investors, lawyers, and academics in the adoption, implementation and analysis of energy policies and investment decisions. The Head of the Enlargement Unit, Dr Ernesto Bonafé, addressed the EFELA Brussels conference and spoke on the topic of well-functioning energy markets on the basis of the ECT.

The interest of EFELA and ASIDE in the ECT’s goals, provisions and implementation shows the increasing attention that the ECT is drawing across the world. These developments are most welcome, as legal certainty is the cornerstone of a global energy architecture that requires continuous works of operation, maintenance, innovation and modernisation.

Event programme available here