International Peer-Reviewed Journal•Open Access•ISSN 2456-8880
irejournals@gmail.com•+91-7433024337

Home / Current Issue / Paper 1704480

1704480 Vol 6 · Issue 11 Download Paper

Transnational Investment Law: A New Paradigm for Achieving the Common Good on Climate Change

Irene D. Valones

Subject area: Physical Sciences and Environment  ·  Area of research: Physical Science and Environment

Abstract

In this era of unparalleled global ramifications, the economy-environment trade-off has become a critical and demanding challenge as humanity grapples with the catastrophic effects of Climate Change. Global economic interconnectedness significantly impacts individual citizens' health and the economic, political, and social elements of States as they deal with Foreign Investors and other multinational firms in their quest for cross-border investments. With the advent of the multipolar world economic system, international investment law has become more complex, as evidenced by increased interaction between Host States and Foreign Investors, complicating with other international norms such as international environmental law and international investment state arbitration, rendering the precepts and practices of common good on Climate Change opaque.

Keywords

Transnational Investment Law, Common Good, Climate Change, Transnational Investment State Arbitration

References

[1] Alvarez, J. E. - Contemporary Foreign Investment Law: An Empire of Law or the Law of Empire, 2008. Ala. L. Rev., 60, 943.

[2] Argandoña, Antonio. - The stakeholder theory and the common good. Journal of Business Ethics, 1998. 17 (9-10):1093-1102.

[3] Bodansky, D. - What’s in a Concept? Global Public Goods, International Law, and Legitimacy. 2012. European Journal of International Law, 23(3), 651-668. https://doi.org/10.1093/ejil/chs035 (accessed on February 20, 2021).

[4] Deborah, Z. - The Constitutionalization of the World Trade Organization: Legitimacy, Democracy, and Community in the International Trading System. 2005.

[5] Douglass, B. - The common good and the public interest. Political Theory, 1980. 8(1), 103-117.

[6] Echandi, R., & Newson, M. - The influence of international investment patterns in international economic law rulemaking: a preliminary sketch. 2014. Journal of International Economic Law, 17(4), 847-866.

[7] Etzioni, A. - The common good. 2014. John Wiley & Sons.

[8] Felber, C. - Change everything: Creating an economy for the common good. 2019. Zed Books Ltd..

[9] Firger, Daniel M. & Gerrard, Michael. Harmonizing Climate Change Policy and International Investment Law: Threats, Challenges and Opportunities, Yearbook On International Investment Law and Policy 2010-2011. Karl P. Sauvant, Ed., Oxford University Press, 2011 (2010), accessed on June 5, 2021 https://scholarship.law.columbia.edu/faculty_scholarship/1671

[10] Franck, T. M. - Legitimacy in the international system. 1988. American Journal of International Law, 82(4), 705-759.

[11] Freduah, G., Fidelman, P., & Smith, T. F. - A Framework for Assessing Adaptive Capacity to Multiple Climatic and Non-Climatic Stressors in Small-Scale Fisheries. 2019. Environmental Science & Policy, 101, 87-93. https://doi.org/10.1016/j.envsci.2019.07.016 (accessed on March 5, 2021).

[12] Folsom, R. H. -  Foreign investment law in a Nutshell. 2016. West Academic Publishing. ISBN 9781634602839

[13] Huaqun, Z. - Balance, sustainable development, and integration: Innovative path for BIT practice. 2014. Journal of International Economic Law, 17(2), 299-332.

[14] Jackson, K. T. - A cosmopolitan court for transnational corporate wrongdoing: Why its time has come. 1998. Journal of Business Ethics, 17(7), 757-783.

[15] Maupin, J. A. - Public and private in international investment law: an integrated systems approach. 2013. Va. J. Int'l L., 54, 367.

[16] Meerow, S. - Double exposure, Infrastructure Planning, and Urban Climate Resilience in Coastal Megacities: A Case Study of Manila. 2017. Environment and Planning A: Economy and Space, 49(11), 2649-2672. https://doi.org/10.1177/0308518X17723630 (accessed on February 16, 2021)

[17] O’Brien, T. - Reconsidering the common good in a business context. 2009. Journal of Business Ethics, 85, 25-37.

[18] Pauwelyn, J. - At the edge of chaos? Foreign investment law as a complex adaptive system, how it emerged and how it can be reformed. 2014. ICSID Review, 29(2), 372-418.

[19] Ratner, S. R. - International investment law through the lens of global justice. 2017. Journal of International Economic Law, 20(4), 747-775.

[20] Roberts, A. - Clash of paradigms: actors and analogies shaping the investment treaty system. 2013. American journal of international law, 107(1), 45-94.

[21] Rubins, N., Sinha, V., & Roberts, B. - Approaches to Valuation in Investment Treaty Arbitration. 2018. In Contemporary and Emerging Issues on the Law of Damages and Valuation in International Investment Arbitration (pp. 169-204).

[22] Rudall, J. - Green Shoots in a Barren World: Recent Developments in International Investment Law. 2020. Netherlands International Law Review, 67(3), 453-471.

[23] Sellers, M. N. S. - The Republican Foundations Of International Law. 2009. Legal Republicanism And Republican Law, Samantha Besson And Jose Luis Marti, Eds.

[24] Schill, Stephan W. - 'Sources of International Investment Law: Multilateralization, Arbitral Precedent, Comparativism, Soft Law', in Samantha Besson, and Jean d’Aspremont (eds), 2017. The Oxford Handbook of the Sources of International Law, Oxford Handbooks; online edn, Oxford Academic,Feb.2018), https://doi.org/10.1093/law/9780198745365.003.0051, accessed 25 Mar. 2023.

[25] Schill, S. W. - Enabling Private Ordering: Function, Scope and Effect of Umbrella Clauses in International Investment Treaties. 2009. Minn. J. Int'l L., 18, 1.

[26] Velasquez, M. International business, morality, and the common good. 1992. Business Ethics Quarterly, 27-40.

[27] Whiting, Kate. World Economic Forum. 2019. https://www.weforum.org/agenda/2021/05/rcep-world-biggest-trade-deal/?DAG=3&gclid=Cj0KCQjwsIejBhDOARIsANYqkD3olWY9g28uIOlW5_OVluhQKBD7bn1Z7ZJ0XRmsS4as_KPjEt3SuLcaAk53EALw_wcB accessed on April 25, 2022

[28] Xianbai Ji. - RCEP’s Economic Impact in Asia. The Diplomat. 2019 https://thediplomat.com/2019/11/rceps-economic-impact-in-asia/ Accessed on May 1, 2023

[29] Zumbansen, P. C. - Transnational law: Theories & applications. 2020. TLI Think.

How to cite this paper

Irene D. Valones "Transnational Investment Law: A New Paradigm for Achieving the Common Good on Climate Change" Iconic Research And Engineering Journals Volume 6 Issue 11 2023 Page 487-494
Irene D. Valones "Transnational Investment Law: A New Paradigm for Achieving the Common Good on Climate Change" Iconic Research And Engineering Journals, vol. 6, no. 11, May. 2023
Irene D. Valones (2023). Transnational Investment Law: A New Paradigm for Achieving the Common Good on Climate Change. Iconic Research And Engineering Journals, 6(11).
Irene D. Valones "Transnational Investment Law: A New Paradigm for Achieving the Common Good on Climate Change" Iconic Research And Engineering Journals, vol. 6, no. 11, May. 2023.
@article{1704480,
      author = {Irene D. Valones},
      title = {Transnational Investment Law: A New Paradigm for Achieving the Common Good on Climate Change},
      journal = {Iconic Research And Engineering Journals},
      year = {2023},
      volume = {6},
      number = {11},
      pages = {487-494},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/1704480.pdf},
      abstract = {In this era of unparalleled global ramifications, the economy-environment trade-off has become a critical and demanding challenge as humanity grapples with the catastrophic effects of Climate Change.  Global economic interconnectedness significantly impacts individual citizens' health and the economic, political, and social elements of States as they deal with Foreign Investors and other multinational firms in their quest for cross-border investments.  With the advent of the multipolar world economic system, international investment law has become more complex, as evidenced by increased interaction between Host States and Foreign Investors, complicating with other international norms such as international environmental law and international investment state arbitration, rendering the precepts and practices of common good on Climate Change opaque.},
      keywords = {Transnational Investment Law, Common Good, Climate Change, Transnational Investment State Arbitration},
      month = {May},
  }