Conference background document
This document sets out the context and background for the event, including COP28, the Paris Agreement and the Global Stocktake
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First Global Stocktake of implementation of the Paris Agreement (Dec. 2023)
The Stocktake assessed global progress on the full scope of climate issues to date. It provides direction for countries’ next round of climate commitments. Most notably, it calls for a "transition away from fossil fuels” and a tripling of renewable energy capacity by 2030, following intensive negotiations.
Read the strategyMethods to align investment treaty benefits for energy investment with the Paris Agreement and net zero: Note by the Secretariat
The first version of this note was prepared for presentation and discussion at the 2024 OECD Investment Treaty Conference, which addressed the note as part of a set of possible methods for alignment. This revised note includes additional background information on its development.
Discussion Papers
Session 3 discussion paper
This secretariat note and its annexes set out for discussion sample investment treaty provisions that would eliminate or reduce investment treaty protection benefits for fossil fuels, and help achieve the effective implementation of the Stocktake goals. The Secretariat will present the paper and it will be discussed in the third session of the Conference.
Read the paperSession 4 discussion paper
A paper by two academic contributors to the 2022 OECD public consultation (Joshua Paine and Elizabeth Sheargold) has further developed their proposals for a climate policy carve-out for investment treaties. It will be discussed in session 4.
Read the paperSurvey of Climate Policies for Investment Treaties
Survey of climate policies for investment treaties: Power point overview of responses (2023)
See the key results of the first-ever survey on Climate Policies for Investment Treaties. The survey casts light on the steps governments are taking, or considering, to align their investment treaty networks with the Paris Agreement and net zero objectives
View slidesSurvey of climate policies for investment treaties: Note summarising responses
This Secretariat note provides detailed information on the responses to the survey.
Read the summarySurvey of climate policies for investment treaties: Survey questions
See all of the questions in the survey.
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Investment treaties and the Paris Agreement
2015 Paris Agreement
Article 2 of the Paris Agreement notably sets out temperature goals and the aim to align finance flows with a low-carbon pathway.
Read the AgreementInvestment treaties and climate change: The Alignment of finance flows under the Paris Agreement
This paper addresses align investment treaties with the Paris Agreement and Net Zero, with particular regard to art. 2.1c of the Paris Agreement.
Read morePublic Consultation on Investment Treaties and Climate Change
Read the 40+ contributions to the OECD public consultation with analysis and policy recommendations for investment treaty policies to help address climate change.
Find out more2023 Investment Treaty Conference
The 2023 OECD Conference on investment treaties and the climate crisis included discussions with climate scientists; and businesses and government agencies engaged in efforts to align with the Paris Agreement. It also featured exchanges over policy options to align the incentives generated by investment treaties with the Paris Agreement and climate goals.
Access the webpage and see videos of the sessionsMarket access for climate-friendly investment and climate policies on alignment of investment protection
This paper first considers investment treaties and market access for climate-friendly investment. It also describes, recent high-level climate policy developments on the sectoral scope of investment treaty coverage and alignment with the Paris Agreement in relation to the Energy Charter Treaty.
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