Improving policy and legislative mechanisms for international investment to renewable energy transition

Despite a global growth of investment in the renewable energy sector, there is clear evidence that lawmakers have been unable to present a comprehensive legislative mechanism to develop the sector, while policy makers have been unable to meaningfully provide institutional support.

By 2022, according to Investment Dispute Navigator, investors have launched 145 cases against governments inside and beyond the EU with a total claim of about € 1018 billions to obtain compensation for the damages they had suffered because of weak legislative and institutional mechanisms.

Such a situation has led to the postponement of 458 new renewable energy projects, increase of energy poverty by 1.4% and growth of carbon emissions by 2.7% around the globe.

The iENERGY project aims to improve institutional and legislative mechanisms thereby assisting investors in identifying reliable investment destinations and supporting States in ensuring investment trends and avoiding risks of investment disputes in the renewable energy sector.

The project will build an iENERGY Conceptual Framework on the basis of an interdisciplinary approach and will develop and analyse a Case Studies Container which will include data and information of cases concerning institutional and legislative mechanisms in the renewable energy sector.

Finally, the project will create and implement an iENERGY Toolset by applying empirical mathematical programming methods to test various hypotheses of institutional and legislative contents taken from the Case Studies Container to identify legislative and institutional dispute resolution alternatives which meet the aims above.