Oireachtas Joint and Select Committees

Tuesday, 23 November 2021

Joint Oireachtas Committee on Climate Action

Energy Charter Treaty and Energy Security: Discussion

Dr. Michael de Boeck:

That was a comprehensive answer. I will complement it by reaffirming that while the premise of ISDS and investor-state dispute resolution clauses as a means to attract foreign direct investment into a host state is often used, many studies in fact find conflicting outcomes in that regard. It is actually not clear that offering ISDS increases the foreign direct investment flows into the host state. The uncertainty of that whole basic premise is very important in considering whether or not to continue using it.