Investor-State Dispute Settlement and Fossil Fuels: What Role Does Exclusion Play?
ISDS allows investors to file direct lawsuits against states for alleged violations of an investment treaty. Claims are usually settled by arbitral tribunals with the power to make a binding and final arbitral award, so that by filing ISDS claims, investors can circumvent national courts, which are the primary guardians of national law.
Investment and Climate Change Treaties.
Investor-State Disputes (ISDS) may discourage action on climate change, so provisions are proposed that would create an exclusion from ISDS for the reduction of greenhouse gas emissions, accompanied by a procedural mechanism that would refer implementation to the environmental authorities of the parties to the treaty. or to a state-to-state dispute resolution panel.
State of Global Environmental Governance 2023.
The report highlights the adoption of the treaty for the conservation and sustainable use of marine biodiversity and the Global Chemicals Framework, as well as progress in negotiations towards a plastics treaty. By casting a critical eye, it identifies missed opportunities to advance the SDGs, climate action, and chemical governance. The report assesses “the scope […]
Analysis of the verification reports of the statement of non-financial information issued in the years 2018 to 2022 and other aspects of the verification.
The objectives of this document are: to provide an overview of the main verification standards, to carry out a market study for the verification of the NFR, to study the verification standards applied and the level of assurance, to study the scope of verification, to study compliance with the minimum content of the verification report […]
Proposed Canadian Sustainability Disclosure Standards.
The Canadian Sustainability Standards Board (CSSB) was created to serve the public interest by setting sustainability disclosure standards. And, on June 26, 2023, the International Sustainability Standards Board (ISSB) published its first two IFRSs, with the aim of creating a comprehensive global financial reporting base, which can allow jurisdictions such as Canada to set specific […]
Guidelines for setting climate goals in the banking sector
Financial institutions need to adjust their business models and develop realistic strategies. While banks alone cannot solve the climate crisis, they can act as part of a broader ecosystem to support the reduction of greenhouse gas emissions by providing financing solutions to their customers and partners as they seek to transition to a low-carbon economy.
Volume and destruction of returned and unsold textiles in the European circular economy.
Textiles cause the fourth largest life-cycle negative pressure on the environment and climate change, so the practice of product destruction is an expression of the take, make, and dispose logic of the current production system. In addition, the growth of e-commerce and lenient return practices have resulted in a higher proportion of returns and unsold […]
Communication from the Commission: Managing climate risks: protecting people and prosperity.
The outlook for Europe is well presented in the first European Climate Risk Assessment (EUCRA) conducted by the European Environment Agency, so in the best-case scenario, in which we limit global warming to 1.5 degrees above pre-industrial levels, Europe will have to learn to live with a climate that is 3 degrees warmer and, Face […]
Commission report on disaster risk prevention and management in Europe.
In 2013, the Decision on a Union Civil Protection Mechanism was adopted, and in view of the increase in disasters, it is essential to emphasise prevention, and in accordance with Article 5 of the Decision, the Commission should regularly report on the progress made. This first report presents the progress made and includes recommendations for […]
Report on climate risks in Europe.
The report identifies 36 climate risks with potentially serious consequences for Europe, assessed based on the severity of the risk, the policy horizon (anticipation time and decision horizon), policy preparation and who is affected. It also identifies priorities for EU policy action, based on a structured risk assessment coupled with qualitative aspects, such as the […]
