Abstract

The climate crisis brings into focus the urgent need for a transformation of international investment law, as its current framework is not aligned with global climate objectives. The existing regime, shaped by old-generation International Investment Agreements (IIAs), often lacks environmental considerations, perpetuates investments in fossil fuels, and inadvertently hinders progress on climate action. On the other hand, as the global community transitions to renewable energy, substantial foreign direct investment (FDI) is essential to support this shift. Consequently, developing a ...