"The inherent contradiction in the ECT is that it conflicts with International Climate Agreements such as the Paris Agreement(2015)which seeks to limit global temperature increase to less than 1.5oC.To achieve the Paris Agreement targets, States must introduce laws and policies that tremendously reduce the independence on fossil fuels.

On the contrary, the ECT protects investment in fossil fuels and will delay the phasing out of fossil fuels in the Global South which will worsen the climate crisis..."

Read more