The adverse effects of climate change are already affecting almost all segments of society as well as local and transnational economic activity. Rising temperatures are recognized as a top global concern. The international community agrees on the need to reduce reliance on fossil fuels and to transition to renewable energy in order to effectively mitigate climate change. The legal repercussions of addressing this need beget significant tension between states’ sovereign right to regulate and investors’ legitimate expectations. Phasing out fossil fuel investments would create stranded assets, which would trigger legal action by investors under international investment treaties. Similarly, backing down on government subsidies previously granted to green energy investments may escalate into cases before international arbitral tribunals.
In this context, the Presidency of Turkey Directorate of Administrative Affairs and ISTAC are delighted to co-organise a panel through which distinguished experts will seek to explore the role of investor-state dispute settlement (ISDS) in mitigating the adverse effects of climate change. The Panel will be held on 1 October 2021 at 16.30 (GMT+3) on Zoom and Youtube (İstanbul Tahkim Merkezi account).