Submission to the OECD Public Consultation on Investment Treaties and Climate Change

This submission proposes a feasible and timely investment treaty reform which could dramatically improve the alignment of the regime with climate change mitigation and adaptation needs. The reform proposal is based on work I have co-authored with Jonathan Bonnitcha. The submission argues: 1. The current investment treaty (IT) regime is incompatible with climate action goals. 2. Entirely dismantling the IT regime is neither politically feasible in a timely manner, nor necessarily desirable given the scale of investment required to reach climate mitigation and adaptation needs. 3. Our reform proposal supports both the investment and the policy required in the face of climate change. 4. Our reform proposal is feasible to implement in a timely manner.