A wholly new international investment regime designed with climate and other global goals in mind could be used as a tool to accelerate the investments needed to address the climate crisis.
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.