CIAO DATE: 09/2011
August 2011
Columbia Center on Sustainable Investment
In Columbia FDI Perspective No.37, Daniel M. Firger foretells “a new era characterized by profound harmonization” between climate change policy and international investment law, based on what he sees as “unmistakable signs of convergence” in recent investment treaty making. A study just released by the OECD suggests that convergence of investment treaty making toward environmental policy began about a decade ago, but also that “profound harmonization” of investment and climate change policy is still some time away.
Resource link: Environmental concerns in international investment agreements: The "new era" has commenced, but harmonization remains far off [PDF] - 93K