Research Handbook on Investment Law and Sustainable Development

Edited by Marie-Claire Cordonier Segger, Chair in Sustainable Development Law and Policy, University of Cambridge and directs the Centre for International Sustainable Development Law (CISDL), UK, Ted Gleason, Associate Professor, Grenoble Ecole de Management, France and Sean Stephenson, Dentons Canada LLP

‘The Research Handbook on Investment Law and Sustainable Development, edited by Marie-Claire Cordonier Segger, Ted Gleason, and Sean Stephenson, is a significant scholarly contribution that engages with the need to reconcile global economic expansion with ecological stewardship and social equity. [...] an authoritative guide to the evolving relationship between investment protection and global sustainable development and it can be recommended to all scholars, practitioners and policymakers seeking a comprehensive and forward-looking understanding of how international investment law is being reshaped by the SDGs.’

• ContentsP�r�e�f�a�c�e� �xxiiA�c�k�n�o�w�l�e�d�g�e�m�e�n�t�s� �xxiiiT�a�b�l�e� �o�f� �t�r�e�a�t�i�e�s� �a�n�d� �s�t�a�t�u�t�e�s� �xxivT�a�b�l�e� �o�f� �c�a�s�e�s� �lviiFOUNDATIONS FOR ANALYSIS1 Introduction to the R�e�s�e�a�r�c�h� �H�a�n�d�b�o�o�k� �o�n� �I�n�v�e�s�t�m�e�n�t� �L�a�w� �a�n�d� �S�u�s�t�a�i�n�a�b�l�e� �D�e�v�e�l�o�p�m�e�n�t� �2M�a�r�i�e�-�C�l�a�i�r�e� �C�o�r�d�o�n�i�e�r� �S�e�g�g�e�r�,� �T�e�d� �G�l�e�a�s�o�n� �a�n�d� �S�e�a�n� �S�t�e�p�h�e�n�s�o�n�2 Contributions of international investment law to the Sustainable Development Goals 19M�a�r�i�e�-�C�l�a�i�r�e� �C�o�r�d�o�n�i�e�r� �S�e�g�g�e�r�,� �T�e�d� �G�l�e�a�s�o�n� �a�n�d� �T�o�o�b�a� �S�h�a�h�z�a�d�EVOLVING INVESTMENT PROTECTION REGIMES IN LIGHT OF SUSTAINABLE DEVELOPMENTSCOPING INVESTMENT RELATIONSHIPS3 Definitions of investment and investors 45S�t�e�f�a�n�i�e� �S�c�h�a�c�h�e�r�e�r� �a�n�d� �A�u�g�u�s�t� �R�e�i�n�i�s�c�h�4 Impact assessment of investment agreements for sustainable development 66M�a�r�k�u�s� �W�.� �G�e�h�r�i�n�g� �a�n�d� �C�h�r�i�s�t�o�p�h� �U�.� �P�r�i�e�s�s�5 Advances in investment screening under EU law 95S�t�e�f�f�e�n� �H�i�n�d�e�l�a�n�g� �a�n�d� �A�n�d�r�e�a�s� �M�o�b�e�r�g�EVALUATING INVESTMENT LAW PRINCIPLES 6 Full protection and security and environmental considerations 118U�l�y�a�n�a� �B�a�r�d�y�n� �a�n�d� �L�e�v�o�n� �G�o�l�e�n�d�u�k�h�i�n�7 Public interest measures, expropriation and sustainable development 136T�e�d� �G�l�e�a�s�o�n� �8 Proportionality, standards of investment protection, and sustainable development 164G�e�b�h�a�r�d� �B�üc�h�e�l�e�r� �a�n�d� �E�r�i�c� �B�e�l�g�o�r�o�d�s�k�i�9 Substantive standards and sustainable development as a sword and shield 199Jeff Sullivan KC and Stephanie CollinsINVESTMENT TREATY COMMITMENTS AND SUSTAINABLE DEVELOPMENT 10 Investment instruments in treaties on SDGs 2 (zero hunger) and 6 (water) 221Damilola Olawuyi and Alex Oche11 Reconciliation of private investment protection and SDG 3 public health 239Freya Baetens12 Claims, third-party funding and SDGs 5 (gender) and 16 (justice and governance) 266Annie Lespérance, Dana MacGrath and Gian Marco Solas13 Achieving SDG 7 clean energy through international investment law, and beyond 281Avidan Kent14 Investment treaties and SDGs 8 (work), 9 (infrastructure) and 11 (cities) 306J Anthony VanDuzer15 Investment treaties and SDG 13 (climate action) 338Marie-Claire Cordonier Segger, Markus W. Gehring, Marios Tokas, Javiera Cáceres Bustamante and Matheus Frederico Paes Garcia 16 Sustainable development and international trade and investment: pathways for future ambition on SDGs 13 (climate action), 14 (oceans), and 15 (biodiversity) 357Freedom-Kai Phillips17 International investment, SDG 16 (justice and governance) and trade regimes 386Alexandra HarringtonEMERGING PRIORITIES IN SUSTAINABILITY AND INVESTMENT DEBATES18 Crafting more sustainable investor-state dispute settlement procedures through the UNCITRAL ISDS reform process 420Susanna Kam19 The contribution of international financial institutions to international sustainable development law 449Johanna Aleria P. Lorenzo20 Implementation of Belt and Road investments and sustainable development across Asia 473Manjiao Chi and Yueming Yan21 Considering foreign investment in light of the sustainable development goals 492Kabir A.N. DuggalCONCLUSIONS 22 Conclusions and future directions 517Ted Gleason, Marie-Claire Cordonier Segger and Sean Stephenson