Society

13 March, 2026 / 14:36

/ 3 hours ago

Parliament backs Moldova’s withdrawal from Treaty protecting fossil fuel investments

The Republic of Moldova has launched the procedure to withdraw from the Energy Charter Treaty (ECT), an international agreement concluded in the 1990s that favored investments in fossil fuels to the detriment of renewable energy sources. On Thursday, the Parliament’s Foreign Policy Committee approved the consultative opinion on the advisability of denouncing the Treaty.

The initiative comes from the Ministry of Energy, which explained that the ECT is incompatible with the country’s new priorities regarding ensuring energy security, diversifying energy sources, and transitioning to clean energy. In particular, the Investor-State Dispute Settlement (ISDS) mechanism under the Treaty protected investors in the fossil fuel sector, which could discourage investments in renewable energy.

The Treaty, signed in 1994 and joined by Moldova in 1996, was intended to facilitate the free flow of energy and regional cooperation in the energy sector. In the context of the global transition to a green and sustainable economy, the withdrawal from the ECT aims to align national energy policies with commitments to reduce carbon emissions.

The European Union has decided to withdraw from the ECT in 2025, and several European states, including Romania, Poland, Italy, and France, have followed the same path.

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