Will International Investment Rules Obstruct Climate Protection Policies? An Examination of the Clean Development Mechanism

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.     

Commentary: In Response to the Paper by Konrad von Moltke and Howard Mann,Misappropriation of Institutions: Some Lessons from the Environmental Dimension of the NAFTA Investor-State Dispute Settlement Process (see pp. 103–119)

International Environmental Agreements: Politics, Law and Economics -