Research Handbooks in Climate Law series
Edited by Christina Voigt
Chapter 13: REDD+ instruments, international investment rules and sustainable landscapes
International rules to guide climate change responses, and to govern international investments, were not crafted as opposing poles. In the context of poverty eradication and sustainable development of a global green economy, these objectives are actually intended to be integrated and mutually supportive. In the 1997 UN General Assembly Special Session on Sustainable Development, at paragraph 23, countries noted that ‘Economic development, social development and environmental protection are interdependent and mutually reinforcing components of sustainable development.’ Calling for sustained economic growth, they further declared: ‘Growth can foster development only if its benefits are fully shared. It must therefore also be guided by equity, justice and social and environmental considerations. Development, in turn, must involve measures that improve the human condition and the quality of life itself.’ States further agreed, at paragraph 81, that: To stimulate higher levels of private investment, Governments should aim at ensuring macroeconomic stability, open trade and investment policies, and well-functioning legal and financial systems . . . To ensure that such investments are supportive of sustainable development objectives, it is essential that the national Governments of both investor and recipient countries provide appropriate regulatory frameworks and incentives for private investment.
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