The Stockholm Treaty Lab Prize is an innovation contest. The grand prize will be awarded to the contestant team that drafts a forward-looking, innovative and workable model treaty that aims to encourage investment in climate change mitigation and adaptation. A treaty that, if implemented, would create transparent, stable and enforceable investment policy regimes. A treaty that has the potential to encourage investors to fund low-carbon projects, support technological innovation, and otherwise invest in a sustainable future.
We believe that in order to be successful, contestant teams must be multidisciplinary – and include lawyers, economists, scientists, and climate change experts. We envision that teams will draw inspiration from the existing regime of international investment agreements, which encourages foreign investments by ensuring market liberalization, fair treatment of investors, and neutral enforcement through arbitration. But we are hoping that contestant teams will use their combined expertise to think outside of the box and draft creative and innovative treaties.
The winning model treaty will be offered broad exposure, and an opportunity for the team to engage in this important question on a global level. So far, this will include the following opportunities:
Two or three representatives of the winning team will present the model treaty at an event in New York co-organized with the Columbia Center for Sustainable Investment, during the 73rd session of the UN General Assembly in September 2018.
Two or three representatives of the winning team will present the model treaty at a side event in Davos, co-organized with the Swedish Lunch during the annual meeting of the World Economic Forum in January 2019.
Wolters Kluwer International will make a short film about the winning team and its model treaty in the same spirit as the film that first announced the Stockholm Treaty Lab prize.
Global exposure for non-finalists
The aim of the Stockholm Treaty Lab is not limited to selecting the best complete model treaty—it is also to celebrate and publicize all innovative solutions to the climate change challenge. Our aim is for as many ideas as possible to reach a wider audience, even where the model treaty that contained them did not make it to the final round of the innovation contest.
For the purpose of achieving the greatest possible exposure for the innovative ideas presented in the contest, the Stockholm Treaty Lab has partnered with Wolters Kluwer to compile special edition of the Journal of International Arbitration. All teams will be invited to develop their contest submission into an article for potential publication.