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4 - Applying international environmental principles to project-financed transnational investment agreements

Published online by Cambridge University Press:  07 September 2011

By
David Ong
Edited by
Sheldon Leader  and
David Ong
Sheldon Leader
Affiliation:
University of Essex
David Ong
Affiliation:
University of Essex
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Summary

Introduction

How does environmental law provide a regulatory framework for the operation of project finance? In answering this question, this chapter will first introduce the basic precepts of the international law for environmental protection, before highlighting certain difficulties arising from efforts so far, and then outlining how some of these difficulties are being surmounted. In particular, this chapter will suggest that the discipline of project finance is not only subject to international environmental law, but is a contributor to carving out special characteristics of that body of norms. The international law for environmental protection is now evolving into its own sub-discipline that both draws from traditional international law for environmental protection, as well as establishing its own set of applicable environmental principles and other specific aspects such as international compliance mechanisms.

Type
Chapter
Information
Global Project Finance, Human Rights and Sustainable Development , pp. 67 - 104
Publisher: Cambridge University Press
Print publication year: 2011

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References

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