Mitigating Regulatory Chill: Proportionality and Joint Interpretative Declarations in Energy Transition Arbitrations
規制抑制の緩和：エネルギー移行仲裁における比例性と共同解釈宣言 (AI 翻訳)
Walyuddin Walyuddin
🤖 gxceed AI 要約
日本語
国際投資法と気候変動対策の構造的な衝突が、新興国におけるグリーンエネルギー移行を阻害する「規制抑制」を引き起こしている。本論文は、近年の仲裁判断における環境例外条項の失敗を分析し、比例性テストを警察権限の原則に統合することで間接収用の判断を合理化する法的再構築を提案する。さらに、ウィーン条約に基づく共同解釈宣言を通じて仲裁裁量を拘束し、投資保護を気候変動緩和に従属させる制度的枠組みを提示する。インドネシアのような途上国の文脈に焦点を当てている。
English
This paper examines how the clash between international investment law and climate imperatives creates a 'regulatory chill' that paralyzes states in implementing green energy transitions. It critiques recent arbitral awards' failure to apply environmental exceptions, particularly regarding fair and equitable treatment. The study proposes integrating a proportionality test into the police powers doctrine to rationalize indirect expropriation claims, and recommends joint interpretative declarations under the Vienna Convention to bind arbitral discretion. It emphasizes the relevance for developing jurisdictions like Indonesia.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本においても、エネルギー移行政策（再エネ導入や石炭火力廃止）と外国投資家保護の間で同様の緊張関係が存在する。特に、日本の投資協定仲裁のリスク認識や、SSBJ開示における規制リスク評価に示唆を与える。
In the global GX context
This paper addresses a core tension in global climate governance: how to reconcile investment treaty protections with necessary climate regulations. It offers a concrete legal mechanism—joint interpretative declarations—that could be adopted by states party to the Energy Charter Treaty or bilateral investment treaties, relevant for the ongoing ISDS reform discussions at UNCITRAL.
👥 読者別の含意
🔬研究者:Provides a doctrinal and normative framework for understanding the investment law-climate nexus, with implications for treaty design and arbitral reasoning.
🏢実務担当者:Informs corporate legal teams and arbitration practitioners on emerging defenses and structuring strategies for energy transition projects.
🏛政策担当者:Offers actionable options for states to safeguard regulatory space while maintaining investment protection credibility.
📄 Abstract（原文）
The contemporary international investment law regime faces a structural clash with global climate imperatives, generating a severe regulatory chill that paralyzes host states from executing green energy transitions. This article examines the doctrinal failure of environmental exceptions in recent arbitral jurisprudence, particularly concerning the fair and equitable treatment standard. By analyzing key awards, the study demonstrates how tribunals manipulate textual loopholes to prioritize fossil fuel assets over ecological survival. To dismantle this systemic imbalance, this research proposes a critical legal reconstruction by integrating the proportionality test into the police powers doctrine to rationally evaluate indirect expropriation claims. Furthermore, to prevent tribunal overreach, sovereign states must operationalize this framework through joint interpretative declarations under the Vienna convention on the law of treaties. This institutional mechanism provides a binding limitation on arbitral discretion, ensuring that foreign investment protection remains strictly subordinated to existential global climate mitigation mandates within developing jurisdictions like Indonesia.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.65101/jspp.v1i3.394first seen 2026-06-20 05:07:08
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