{"id":9554,"date":"2024-04-02T14:45:50","date_gmt":"2024-04-02T12:45:50","guid":{"rendered":"https:\/\/www.iisd.org\/itn\/?p=9554"},"modified":"2024-08-09T18:33:27","modified_gmt":"2024-08-09T16:33:27","slug":"oecd-conference-discussed-climate-action-carveout-from-isds","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2024\/04\/02\/oecd-conference-discussed-climate-action-carveout-from-isds\/","title":{"rendered":"OECD Conference discussed climate action carveout from ISDS"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">On 11 March, 2024, the <span class='tooltipsall tooltipsincontent classtoolTips44'>OECD<\/span> held its <\/span><a href=\"https:\/\/www.oecd-events.org\/investment-treaty-conference\"><span style=\"font-weight: 400;\">9<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\"> Investment Treaty Conference<\/span><\/a><span style=\"font-weight: 400;\"> focusing on methods to align investment treaties with the Paris Agreement. The main reform proposal discussed was a <\/span><a href=\"https:\/\/one.oecd.org\/document\/DAF\/INV\/TR1\/RD(2024)1\/en\/pdf\"><span style=\"font-weight: 400;\">carveout for climate change measures in investor-state dispute settlement (<span class='tooltipsall tooltipsincontent classtoolTips43'>ISDS<\/span>)<\/span><\/a><span style=\"font-weight: 400;\">. The speakers highlighted, among other things, the state of the climate crisis and the investment gap needed to be bridged to achieve net zero, and the need for broader reform of international investment regime. Speakers also proposed concrete language for carveout and discussed its various parameters. While carveout for climate change measures is an important reform aspect, <\/span><a href=\"https:\/\/www.iisd.org\/articles\/policy-analysis\/investor-state-dispute-settlement-fossil-fuels-carveout\"><span style=\"font-weight: 400;\"><span class='tooltipsall tooltipsincontent classtoolTips73'>IIA<\/span> reform efforts must go beyond<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips32','International Institute for Sustainable Development<!--more-->'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips33','Institut international du d\u00e9veloppement durable'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips34','Instituto Internacional para el Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips43','investor\u2013state dispute settlement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips44','Organisation for Economic Co-operation and Development'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips58','soluci\u00f3n de controversias inversionista-Estado'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips73','international investment agreement'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips112','Objetivo de Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>On 11 March, 2024, the <span class='tooltipsall tooltipsincontent classtoolTips44'>OECD<\/span> held its 9th Investment Treaty Conference focusing on methods to align investment treaties with the Paris Agreement. The main reform proposal discussed was a [&hellip;]<script type=\"text\/javascript\"> toolTips('.classtoolTips44','Organisation for Economic Co-operation and Development'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips112','Objetivo de Desarrollo Sostenible'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><\/p>\n","protected":false},"author":30,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[],"class_list":["post-9554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/9554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/30"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=9554"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/9554\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=9554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=9554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=9554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}