Will International Investment Rules Obstruct Climate Protection Policies? An Examination of the Clean Development Mechanism |
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Authors: | Werksman Jacob Baumert Kevin A. Dubash Navroz K. |
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Affiliation: | (1) Foundation for International Environmental Law and Development, London, UK;(2) World Resources Institute, Climate, Energy and Pollution Program, 10 G Street, NE, Suite 800, Washington, DC, 20002, USA (Author for correspondence: E-mail |
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Abstract: | Rules governing the global environment and the international economy are currently decided in separate arenas. Yet, environmental agreements can have strong economic implications, particularly with the growing use of market mechanisms. Economic liberalization rules, meanwhile, may limit the effectiveness of environmental agreements. This paper assesses the potential interaction between one important market-based environmental mechanism – the Clean Development Mechanism of the Kyoto Protocol on climate change – and the framework of international investment law. |
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Keywords: | clean development mechanism climate change international investment agreements international investment law Kyoto Protocol Multilateral Agreement on Investment |
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