· 2 min read
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🗞️ Driving the news: Five young plaintiffs have withdrawn their climate-change complaints at the European Court of Human Rights (ECHR)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⏭️ What's next: While the plaintiffs have withdrawn their cases, they reserve the right to pursue future legal action against states that do not exit climate-damaging investment protection treaties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
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