Climate Change, Global Governance, International Law A Green Investment Treaty Can Help Close the Climate Funding Gap

At last week’s United Nations climate negotiations in Sharm el-Sheik, Egypt, finance questions were at the top of the agenda. At stake was how countries—particularly in the developing world—can afford much-needed investments that reduce carbon emissions, and adapt their infrastructure to a rapidly changing climate.

While governments spar over the resources needed to address climate change, they overlook the fact that law—in particular, international legal protections of foreign investments—can fundamentally alter the calculations of potential foreign investors.

A new international treaty that provides special legal protections for climate-positive private foreign investments should be part of the broader strategy to close the climate funding gap.

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