Climate Change Regulations and Investment Claims: Annual Review of ICSID Cases, 2024
Climate Change Regulations and Investment Claims:
Annual Review of ICSID Cases, 2024
Aniruddha Rajput and Sudipta Purkayastha
 
Climate change is undoubtedly one of the most serious contemporary challenges. The governments are under pressure from every side to do more and accordingly an increasing number of regulations – sometimes with consistent and sometimes with inconsistent approaches are begin adopted by States. These regulations are being challenged before investment tribunals, thus requiring the tribunals to address some of the complex issues in relation to the interaction of regulatory measures with obligations under investment treaties.1 A steady rise, if not a drastic one yet is seen in the awards delivered by the tribunals constituted under the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID) in 2024. It would be reasonable to expect that the numbers will increase in the future.

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