By James N Persad | Director of Communications - IIED
The Stop Paying the Polluter research was completed and published, a huge thanks for your support in making this important work possible.
The link to the report page is below and the report is summarised here.
Investor-state dispute settlements: a hidden handbrake on climate action
To achieve the Paris Agreement’s climate goals, states must move away from fossil fuels.
But investor–state dispute settlement (ISDS) — a system that enables companies to take states to international arbitration — can increase the cost of this transition.
Our research shows that fossil fuel companies have historically secured at least US$82.8 billion in damages and large sums continue to be invested in fossil fuels worldwide.
To address this problem, investment governance must be harmonised with global climate goals.
Authors: Di Salvatore, L., Cotula, L., Nanda, A., Wang , C. (2023 ). Investor-state dispute settlements: a hidden handbrake on climate action .
IIED, London
The briefing and the associated coverage received great interest and we expect further progress to address this hidden handbrake issue in the coming year, which we will update you on.
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