After intra-EU BITs and the ECT, the EU needs to abandon extra-EU BITs: For legal, energy and climate policy, and political economy reasons

Martin Dietrich Brauch, Stefan Mayr and Carl Frederick Luthin

No 394, Columbia FDI Perspectives from Columbia University, Columbia Center on Sustainable Investment (CCSI)

Abstract: After terminating intra-EU bilateral investment treaties (BITs) and withdrawing from the Energy Charter Treaty, the EU and its member states should terminate BITs with extra-EU partners. Extra-EU BITs risk undermining the autonomy of EU law, hinder EU energy and climate goals, and fail to establish balanced sustainable investment partnerships.

Date: 2024
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