Climate change action demands moving to an energy system based on renewables and leaving fossil fuels in the ground. International investment agreements, and particularly ISDS, stand in the way of energy transition. They limit the ability of governments to set the terms of their energy policy, including the support of renewable energy. Investment agreements such as the Transatlantic Trade and Investment Partnership (TTIP) and the Comprehensive Economic and Trade Agreement (CETA) will further empower corporations to challenge strong government action on climate change
This public event will highlight the risks that provisions negotiated as part of trade agreements – such as ISDS – can pose for governments’ ability to regulate to protect the environment and act on climate change.
Corporate crime is not due to a few´bad apples´ but to an architecture of impunity and a structure of power that puts corporate rights above human rights. An infographic from the State of Power report 2015
The investor-state dispute settlement (ISDS) clause present in many trade treaties give investors far-reaching protection, curtailing governments’ ability to regulate for progressive agrarian and agricultural policies and reinforcing the notion of land as a commodity.