Climate Change Energy News

Leaked Document Reveals Dangers of the Trans-Atlantic Trade Agreement

The Trans-Atlantic Trade and Investment Partnership has not attracted as much notice as it Pacific equivalent, but a leaked document reported on by the Guardian reveals that the TTIP would have a serious impact on energy policy in Europe and the U.S. In an analysis of the document, the Sierra Club summarizes the major impacts as:

  • • Require the U.S. and the EU “to eliminate all existing restrictions on the export of natural gas in trade between” the two parties;
  • Undermine clean energy policies, such as renewable portfolio standards or feed-in tariffs, by stating that electricity utilities in the U.S. and the EU shall not discriminate “between types of energy” in granting access to the electrical grid;
  • Obligate the U.S. and the EU to “foster industry self-regulation” on energy efficiency rather than using mandatory requirements that oblige corporations to boost the energy efficiency of their products; and
  • Threaten protections against destructive extraction of fossil fuels and natural resources in countries outside of the U.S. and EU.

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