Cashing-In on the Energy Transition?

Author:

Fermeglia Matteo1ORCID

Affiliation:

1. Hasselt University Hasselt Belgium

Abstract

Abstract Damages assessment in investor-State dispute settlement (ISDS) entail major financial, behavioural, and political consequences upon host States. In fact, damages unreflecting the actual value of investments in energy assets can over-induce investments on the investors’ side and curtail host States’ regulatory space against the unfolding climate change crisis. This contribution investigates the practice of ISDS tribunals on damages assessment in cases dealing with the rollback of support schemes for renewable energy infrastructures brought against Italy and Spain. It acknowledges a narrow, yet consistent approach to quantum, which foregoes elements of balancing and equity in applying the general standard of full reparation enshrined under public international law. Hence a change of paradigm is advocated, whereby ISDS tribunals engage deeply with both the inherent elements of renewable energy investments as well as the ongoing regulatory constraints posed by the dire need to adopt more stringent climate policies domestically.

Publisher

Brill

Subject

Law,General Economics, Econometrics and Finance,Political Science and International Relations,Business and International Management

Cited by 1 articles. 订阅此论文施引文献 订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献

1. From Fact to Applicable Law: What Role for the International Climate Change Regime in Investor-State Arbitration?;Canadian Yearbook of international Law/Annuaire canadien de droit international;2024-03-18

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