On 5th November leading Barristers, Investors and Energy Experts discussed these issues at a Euractiv
event.
Renewable energy projects require substantial front-end investment as well as complicated permitting and licensing in order to operate, but what happens when there are disputes in the sector? In 1994 the European Union signed the Energy Charter Treaty which provided for International Arbitration through the World Bank ICSID Court. However, earlier this year the EU signalled its intent to leave the Treaty, citing its support for traditional forms of energy. Why then are nearly all of the outstanding claims in renewable energy? And what impact will leaving the Treaty have on renewable investor confidence in Europe?