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International Arbitration of Renewable Energy Disputes (Paperback)
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International Arbitration of Renewable Energy Disputes (Paperback)
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Despite a temporary decline in energy usage and emissions resulting
from the confinement policies adopted by many states in response to
the Covid-19 pandemic, the world is not on track to meet the Paris
Agreement climate change goals. In order to bridge the 'emissions
gap' by 2030, the energy industry is critical to achieving the
necessary cuts to emissions, however, it must also balance
increasing energy demand with the need to achieve sustainability of
energy supply for future generations. This requires the industry to
transition from dependence on fossil-fuel sources and look to new
technologies that underpin a low-carbon economy. Renewables are
central to this transition. The increase in renewable energy
capacity globally and the complex and relatively untested nature of
renewables projects and the contracts underlying them give rise to
a wide range of potential disputes. International arbitration has
long been the preferred dispute resolution forum for the energy
sector and is well placed to be the leading process for resolving
the many and varied disputes that can arise in the lifetime of a
renewables project. In light of the increased prevalence of
renewable disputes, this Special Report considers: *the defining
characteristics of renewables projects; *the scope for disputes to
arise in the implementation of these projects at an inter-state,
investor-state and commercial level; *the suitability of
arbitration to resolve these disputes, and how its processes can be
adapted to resolve them in an efficient and effective way; and
*what the future of arbitration of renewable energy disputes might
look like. Written for both a legal and non-legal audience, this
Special Report is relevant to those interested in learning about
the scope for disputes in the renewables sector, how they can be
avoided, and how arbitration can best be deployed to prevent delay
and help push energy transition forward.
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