Climate Action Needs Investment Governance, Not Investment Protection and Arbitration
9 Pages Posted: 22 May 2024
Date Written: March 2022
Abstract
Existing investment treaties do not and cannot advance climate goals. There is a fundamental misalignment between the existing international investment regime—including its centerpiece: investor–state arbitration—and the actions needed to meet the objectives of the international climate regime and avoid catastrophic climate change. For international investment law to support climate goals, we need a wholly new regime for investment governance, not investment protection and arbitration.
Keywords: investment, governance, climate mitigation, climate investment, international climate law, investment governance
Suggested Citation: Suggested Citation