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Consequences of crisis and the great re-think: COVID-19’s impact on energy investment, sustainability and the future of international investment agreements
The Journal of World Energy Law & Business ( IF 1.0 ) Pub Date : 2021-03-23 , DOI: 10.1093/jwelb/jwab015
Kabir Duggal , Rekha Rangachari , Kanika Gupta

The COVID-19 pandemic and its resulting disruptions are having a significant impact on the global economy and international investments. Various State measures to address the pandemic are leading to widespread economic disruptions across several industries, including the energy sector. The current crisis has impacted energy demand, disrupted the global supply chain and created financial uncertainty. The pandemic has exacerbated issues relating to health, the environment, labour and human rights in the energy sector. This article seeks to understand the pandemic’s impact in shaping future human rights policy in international investment law. This article analyses current drafting trends in international investment agreements (IIAs) in 2019–2020, particularly in the context of recent developments in sustainable development and human rights. Although there are some noteworthy developments in recent IIAs, the pandemic has highlighted the need for further treaty reforms. It provides an opportunity for policymakers and corporations alike to address human rights issues and to incorporate the principles of sustainable investment into IIAs. The energy sector in particular plays a significant role in promoting sustainable development and post-COVID policy reforms will be essential for future energy security and global stability. In conclusion, this article considers the future of potential reforms in the post-COVID recovery agenda while keeping in mind energy and climate goals.

中文翻译:

危机的后果和重新思考:COVID-19 对能源投资、可持续性和国际投资协议未来的影响

COVID-19 大流行及其造成的破坏正在对全球经济和国际投资产生重大影响。国家应对这一流行病的各种措施正在导致包括能源部门在内的多个行业的广泛经济中断。当前的危机影响了能源需求,扰乱了全球供应链并造成了金融不确定性。疫情加剧了能源部门与健康、环境、劳工和人权有关的问题。本文旨在了解这一流行病对塑造国际投资法中未来人权政策的影响。本文分析了 2019-2020 年国际投资协议 (IIA) 的当前起草趋势,特别是在可持续发展和人权的最新发展背景下。尽管最近的国际投资协定出现了一些值得注意的发展,但疫情突显了进一步改革条约的必要性。它为政策制定者和企业等提供了解决人权问题并将可持续投资原则纳入国际投资协定的机会。能源部门尤其在促进可持续发展方面发挥着重要作用,新冠疫情后的政策改革对于未来的能源安全和全球稳定至关重要。总之,本文考虑了 COVID 后恢复议程中潜在改革的未来,同时牢记能源和气候目标。它为政策制定者和企业等提供了解决人权问题并将可持续投资原则纳入国际投资协定的机会。能源部门尤其在促进可持续发展方面发挥着重要作用,新冠疫情后的政策改革对于未来的能源安全和全球稳定至关重要。总之,本文考虑了 COVID 后恢复议程中潜在改革的未来,同时牢记能源和气候目标。它为政策制定者和企业等提供了解决人权问题并将可持续投资原则纳入国际投资协定的机会。能源部门尤其在促进可持续发展方面发挥着重要作用,新冠疫情后的政策改革对于未来的能源安全和全球稳定至关重要。总之,本文考虑了 COVID 后恢复议程中潜在改革的未来,同时牢记能源和气候目标。
更新日期:2021-03-23
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