Climate Change Finance

NEW REPORT: Raising the cost of climate action? Investor-state dispute settlement and compensation for stranded fossil fuel assets


Dear Colleagues,

 

You may be interested to read the news about IIED’s new report, ‘Raising the cost of climate action? Investor-state dispute settlement and compensation for stranded fossil fuel assets’, at International treaties threaten affordability of climate action: new report.

 

A complex set of international legal measures protecting the fossil fuel industry risks significantly increasing the cost of moving to green energy and tackling climate change. The ‘Raising the cost of climate action? Investor-state dispute settlement and compensation for stranded fossil fuel assets’ study is the first to quantify the proportion and value of the fossil fuel industry and associated infrastructure that is protected by international treaties that include provisions for investor-state dispute settlement (ISDS).

 

‘Raising the cost of climate action?’ includes a focus on coal-fired power stations. ISDS protects most of the world’s 257 foreign-owned coal plants, which must be retired early in order to put the planet on track to keep temperature rise below 1.5°C above pre-industrial levels. ISDS could require governments – effectively the country’s taxpayers – to pay large compensation sums to fossil fuel companies.

 

Download the report now.

 

Best wishes,

Anne

 

Anne Schulthess

Marketing Manager

International Institute for Environment and Development (IIED)

80-86 Gray's Inn Road, London, WC1X 8NH | T: +44 (0) 20 3463 7399

www.iied.org | twitter: @iied | IIED newsletters: www.iied.org/sign-up

 

Register now for the 14th International Conference on Community-based Adaptation to Climate Change (CBA14), online from 21-25 September: https://www.iied.org/cba14-register

 

IIED is a company limited by a guarantee and incorporated in England. Reg. No 2188452. Registered office: 80-86 Grays Inn Road, London WC1X 8NH, UK. VAT Reg. No. GB 440 4948 50. Charity No. 800066. OSCR No 039864. IIED is recognised as an international organisation by the OECD Development Assistance Committee.

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