Book contents
- International Economic Dispute Settlement
- International Economic Dispute Settlement
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Abbreviations
- 1 Introduction
- 2 Contracting v. Multilateralism in Global Economic Governance
- Part I Current Challenges in International Trade Dispute Settlement
- Part II Current Challenges in International Investment Dispute Settlement
- Part III New Issue Areas and Dispute Settlement
- 11 The Politics of Renewables: Lessons for International Economic Dispute Settlement from Renewable Energy Disputes
- 12 International Economic Dispute Settlement and Digital Trade in Services – Useful Multilateral Principles for the Emerging Global Regulatory Landscape?
- 13 Trade’s Experimental Compliance Mechanisms
- Part IV Regional Approaches for International Economic Dispute Settlement
- Index
- References
11 - The Politics of Renewables: Lessons for International Economic Dispute Settlement from Renewable Energy Disputes
from Part III - New Issue Areas and Dispute Settlement
Published online by Cambridge University Press: 07 August 2021
By
Book contents
- International Economic Dispute Settlement
- International Economic Dispute Settlement
- Copyright page
- Contents
- Figures
- Tables
- Contributors
- Preface
- Abbreviations
- 1 Introduction
- 2 Contracting v. Multilateralism in Global Economic Governance
- Part I Current Challenges in International Trade Dispute Settlement
- Part II Current Challenges in International Investment Dispute Settlement
- Part III New Issue Areas and Dispute Settlement
- 11 The Politics of Renewables: Lessons for International Economic Dispute Settlement from Renewable Energy Disputes
- 12 International Economic Dispute Settlement and Digital Trade in Services – Useful Multilateral Principles for the Emerging Global Regulatory Landscape?
- 13 Trade’s Experimental Compliance Mechanisms
- Part IV Regional Approaches for International Economic Dispute Settlement
- Index
- References
Summary
Renewable energy is playing a central role in countries’ efforts to diversify and move away from the use of fossil fuels. The shift to a low-carbon economy, through renewable energy power generation, is hugely dependent on public and private, domestic and foreign investments in the sector. However, the private sector, which is an important player for advancing the renewable energy sector, is faced with policy uncertainties and low returns on investments as compared to traditional energy sources (Mathews 2010). Therefore, the initial high costs of moving into the renewable energy sector need to be balanced out with governmental support that incentivizes investment in the renewable energy sector (Wilke 2011). The economic rationale behind government support for renewable energy rests on the fact that it has to overcome market failures arising from the inability of markets to account for social and environmental costs of greenhouse gas emissions due to the use of traditional fossil fuels, while the environmental argument rests on advancing renewable energy production as a means of climate change mitigation (Peat 2012).
- Type
- Chapter
- Information
- International Economic Dispute SettlementDemise or Transformation?, pp. 297 - 322Publisher: Cambridge University PressPrint publication year: 2021
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