Hmm… “ … framework for global energy governance … ” Not too sure that will be enthusiastically received, somehow.
The next few years are crucial for the future of the Energy Charter Treaty. If it does not manage to expand its constituency and to adapt its rules to a changing world, it risks remaining a regional player in Eurasia, says Urban Rusnák, the new Secretary-General of the Energy Charter Secretariat, in an interview with EER. According to Rusnák, who started his job on the 1st of January this year, the Energy Charter Treaty is unique in that provides a legally binding set of rules for international energy investments. “At a time when the energy sector is faced with the need to invest huge amounts of capital, the Energy Charter Treaty is uniquely suited to reduce risk premiums and supply the framework for global energy governance that the world so badly needs.”