‘Blue Economy’: Why we should talk about Investment Law

Delivering sustainable economic growth
Posted May 14, 2020 | International Institute for Environment and Development, Lorenzo Cotula, Thierry Berger

Ocean-related economic activities have a long history, but public debates about advancing a ‘blue economy’ suggest new momentum for foreign investment in the sector. Technological developments have provided new openings for deep seabed mining and multinationals have identified opportunities in fisheries, infrastructure development, renewables and coastal tourism. In this policy brief for the International Institute for Environment and Development, Lorenzo Cotula and Thierry Berger suggest that greater reliance on foreign investment increases the relevance of international investment law, inviting tensions with the rules that govern marine environments and activities. Policymakers should think through these possible tensions and work to ensure policy coherence to support sustainable development.



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