Existing international investment agreements providing for investor–state dispute settlement fail to advance climate goals and can effectively hinder states’ climate action.
The model BIT aims to balance two objectives: the attraction of foreign direct investment to African states and the promotion of sustainable development.
Experts took particular concern with the fact that most investment treaties do not oblige arbitrators to take into account international agreements on climate change when adjudicating cases.
Les experts se sont dit particulièrement préoccupés par le fait que la plupart des traités d’investissement ne contraignent pas les arbitres à tenir compte des accords internationaux sur le changement climatique.
As investor-state arbitration continues its growth as one of the most dynamic and controversial features of international investment law, developing countries must learn lessons from the decisions of arbitral tribunals on old-generation treaties.
Un estudio advierte de que “La acción mundial contra el cambio climático podría generar más de 340.000 millones de dólares en reclamaciones legales de los inversores en petróleo y gas“.