Full Description
This timely Research Handbook explores the rapidly evolving landscape of climate finance and investment law. Leading experts examine the effectiveness of finance and investment frameworks in achieving climate policy objectives, as well as identifying legal trends and future research topics in the field.
Key topics in this Research Handbook include institutional climate finance under the United Nations Framework Convention on Climate Change (UNFCCC) and other international arrangements, the implications of trade and investment treaties, and the mechanics of project finance. By analysing the practical aspects of project implementation and finance, contributors outline developments in international financial institutions, climate risk disclosure, and insurance mechanisms. With a forward-looking approach, the Research Handbook provides critical insights into the future of climate finance and investment from a legal and institutional perspective.
The Research Handbook on Climate Finance and Investment Law is an essential resource for scholars and students in the fields of climate law and policy. Bridging legal scholarship with practical insight, it is also of great benefit to policymakers and practitioners working at the intersection of climate change, law, investment, and finance.
Contents
Contents
Foreword xii
Preface xiv
1 Introduction: mapping the field of climate change finance and investment law 1
Harro van Asselt and Michael Mehling
PART I INTERNATIONAL CLIMATE FINANCE: INSTITUTIONS AND CHANNELS
2 International climate finance: institutions in the climate regime 23
Ralph Bodle
3 The Green Climate Fund 45
Stephen Minas
4 Multilateral development banks and their role in channelling climate finance 77
VesselinaHaralampieva and AdonaiHerrera-Martínez
5 Accountability for international climate finance 129
Andria Naudé Fourie
6 International climate finance for adaptation and loss and damage 154
Chrysa Alexandraki
PART II INTERNATIONAL TRADE AND INVESTMENT LAW
7 The Energy Charter Treaty and climate change 192
Cees Verburg
8 Reforming international investment law for climate change goals 212
Martin Dietrich Brauch
9 Energy subsidies and international trade law 248
Ilaria Espa, Harro van Asselt, and Dominic Coppens
PART III CLIMATE RISK AND THE LAW
10 Climate-related risk and the insurance sector 280
Sean B Hecht and Siyi Shen
11 Climate risk disclosure and fiduciary duties 311
Lisa Benjamin
12 Divestment of fossil fuel assets 341
Mikko Rajavuori
PART IV LEVERAGING CLIMATE FINANCE AND INVESTMENT: INSTRUMENTS AND SECTORAL PERSPECTIVES
13 Climate finance through carbon pricing 365
William Acworth, Michael Mehling and Marissa Santikarn
14 Debt for climate: Green bonds and other green financial instruments 386
Paul Rose
15 Financing climate-friendly energy projects 417
Jeffrey D Brown
16 Financing the transition to sustainable forestry and agriculture 436
Charlotte Streck, Thiago Chagas, and Moritz von Unger
PART V CONCLUSION
17 Conclusion: the past, present, and future of climate change finance and investment law 467
Michael Mehling and Harro van Asselt
Index 492
