A Multilateral Energy Sector Investment Treaty: Is it Time for a Call for Adoption by All Nations?

Abstract

Energy is at the forefront of the global agenda. It is central to the issues of development, global security, environmental protection, and achieving the MDGs [Millennium Development Goals]. Profound changes are beginning to transform the way we supply, transform, deliver, and use energy services -- a trend that a revitalized global energy dialogue can reinforce, leading to a sustainable future for all with multiple co-benefits for development, human health, environment and climate change.

Pressing issues confront the nations of the world concerning energy security, climate change, and sustainable development, all problems that should be faced through the promotion of optimal energy solutions. An examination of whether and how the rule of law, through accession to investment treaties, can facilitate the development of energy development responses that maximize the achievement of energy security for all nations, promote economic growth, and minimize harm to the environment is required.

Keywords: energy, investment treaty, sustainability, environment, climate change, energy security, development

JEL Classification: F21, I132, Q28, Q38, O1, Q4, Q48