Investor-state dispute settlements: a hidden handbrake on climate action
IIED Briefing
, 4 pages
PDF (256.18 KB)
Language:
English
Published: November 2023
Publisher(s):
ISBN: 9781837590643
Product code:21971IIED
To achieve the Paris Agreement’s climate goals, states must move away from fossil fuels. But investor–state dispute settlement (ISDS) — a system that enables companies to take states to international arbitration — can increase the cost of this transition.
Our research shows that fossil fuel companies have historically secured at least US$82.8 billion in damages and large sums continue to be invested in fossil fuels worldwide. To address this problem, investment governance must be harmonised with global climate goals.
Cite this publication
Di Salvatore, L., Cotula, L., Nanda, A. and Wang , C.
(2023).
Investor-state dispute settlements: a hidden handbrake on climate action .
IIED, London.
Available at https://www.iied.org/21971iied
Available at https://www.iied.org/21971iied
