Hungarian Yearbook of International Law and European Law |
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Article | Sustainable Developments in Foreign Investment Law and PolicyRelated to Renewable Energy and Climate Change Mitigation and Adaptation |
Keywords | sustainable development, climate change mitigation, Paris Agreement, renewable energy law, ICSID |
Authors | Marie-Claire Cordonier Segger * xSincere thanks and recognition are due to Sean Stephenson, CISDL research fellow, for his excellent legal research, substantive insights, and significant contributions to drafting this piece. Thanks and acknowledgements are also due to Natalia Kubesch, CISDL researcher, for her excellent legal research and insights on current trends in climate litigation and in the interpretation of the Paris Agreement on climate change. |
DOI | 10.5553/HYIEL/266627012019007001002 |
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Marie-Claire Cordonier Segger, 'Sustainable Developments in Foreign Investment Law and Policy', (2019) Hungarian Yearbook of International Law and European Law 29-47
Sustainable development is gradually integrated into policies worldwide, meanwhile, government authorities and policymakers, alongside public and private enterprises, are signaling the growing scope and scale of investment opportunities in this field. Capital cuts and decreasing generating costs are fueling the market in renewable technologies. At the same time, bilateral and multilateral treaties are being negotiated, which set the framework for expanding sustainable solutions: treaty regimes increasingly encourage and promote trade and investment for more sustainable energy development, responding to global concerns on climate change. Investment protection litigation offers new insights into trends in jurisprudence, demonstrating how this field of law can be instrumental not only for protecting undertakings’ interests, but holding countries to their commitments under international treaties for the protection of the environment. |