Session 3. Investment treaties and energy investment choices

Mar 11, 2024 | 1:30 PM - 2:50 PM

Description

The need to move beyond “climate agnosticism” between high and low carbon activities is increasingly recognised, most recently in the Global Stocktake call for the urgent expansion of renewable energy and transitioning away from fossil fuels. Based on a Secretariat background note to be circulated in advance of the Conference, this session will turn to an examination of concrete approaches to varying investment protection benefits for different investment assets. In addition to the direct climate benefits, climate-aligned investment choices reduce the need for subsequent government climate regulatory action. Methods for identifying sectors and for achieving gradations of treatment for the identified sectors will be examined. Techniques to apply progressive levels of benefits will also be evaluated including ones derived from existing treaties and proposals.