illuminem summarizes for you the essential news of the day. Read the full piece on Reuters or enjoy below:

🗞️ Driving the news: Five young plaintiffs have withdrawn their climate-change complaints at the European Court of Human Rights (ECHR)
• They initially sought to force 12 European countries, including Austria, to exit the Energy Charter Treaty, which protects fossil fuel investments

🔭 The context: The Energy Charter Treaty has been controversial, allowing energy firms to sue governments over policies restricting fossil fuels
• The European Union and several countries, including France and Germany, recently agreed to leave the treaty, citing climate concerns

🌍 Why it matters for the planet: The treaty's protection of fossil fuel investments can hinder governmental efforts to combat climate change, which poses significant environmental and human rights challenges

⏭️ What's next: While the plaintiffs have withdrawn their cases, they reserve the right to pursue future legal action against states that do not exit climate-damaging investment protection treaties

💬 One quote: "In light of the progress achieved, the plaintiffs have decided to withdraw their complaint," stated the Veblen Institute, a supporting French think-tank

📈 One stat: The European Union, along with about 10 national governments, including France, Germany, and the UK, has begun the formal process to exit the Energy Charter Treaty, citing climate change concerns

Click for more news covering the latest on ethical governance