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Secretary General promotes ECT to facilitate FDI at COP23

On 16 November 2017, Energy Charter Secretary General Dr. Urban Rusnák addressed delegates of the high-level segment of COP23 of UNFCC in Bonn. In his statement, Dr Urban Rusnák, promoted the Energy Charter Treaty as a valuable multilateral and legally-binding instrument that could help mobilise the large flows of foreign direct investment (FDI) that countries need to meet their Paris Agreement commitments. The Treaty helps governments provide the long-term and predictable legal framework that survives election cycles and gives industry and investors the reassurance they need.

Through the rule of law in cross-border trade, transit and investment of energy, the Treaty strongly promotes open, competitive and liquid markets as well as energy efficiency – offering a clear route to an affordable energy transition.

As the Treaty could be more effective if better adapted for the future and with larger membership, the Secretary General encouraged delegates to participate in upcoming discussions regarding modernisation of the Energy Charter Treaty.  

The full statement can be found here.

On the margin of the high level meeting Dr Rusnák had informal exchanges with H.E. Mr. Barnabus Sibusiso Dlamini, Prime Minister of Swaziland, Mr Antonio Guterres, United Nations Secretary General and Mr Frank Rijsberman, Director General of the Global Green Growth Institute, Republic of Korea.