CleanTechnica•about 1 month ago
Sierra Club Joins Hundreds of Orgs. Calling on Governments to End ISDS System
Key Takeaway
The global movement to dismantle ISDS could fundamentally reshape the investment risk landscape for energy projects, potentially accelerating the transition away from fossil fuels by removing investor protections.
AI Summary
- •Over 340 civil society organizations, led by the Sierra Club, are calling on governments globally to disengage from Investor-State Dispute Settlement (ISDS) systems.
- •The core argument is that ISDS tribunals protect and prolong investments in the fossil fuel industry, thereby hindering a 'just transition' to renewable energy.
- •For developers and IPPs, the potential removal of ISDS could reduce legal protections for existing or planned fossil fuel assets, while potentially accelerating policy shifts favorable to renewables by removing a significant barrier.
- •Large power consumers could see an accelerated energy transition, potentially leading to faster decarbonization and new renewable project development, but also increased regulatory risk for long-term energy infrastructure investments if international protections are weakened.
Topics
emissionsfinancingpolicy
Article Content
Joint Statement Highlights How These Secretive Tribunals Prop Up Intl. Fossil Fuel Industry. Washington, DC — Sierra Club has joined over 340 civil society organizations in signing an open statement calling on governments around the world to disengage from investor-state dispute settlements, or ISDS, a system that “threatens a just transition from ... [continued] The post Sierra Club Joins Hundreds of Orgs. Calling on Governments to End ISDS System appeared first on CleanTechnica .