Given that keeping global warming below 2°C by the end of the century requires liquidating all the fossil fuels activities and infrastructure, the pool of potential lawsuits from fossil fuel investors in an attempt to shift the cost of transition to society is enormous: the value of what will become stranded assets in the oil and gas sector is estimated to amount to US$ 3-7 trillion; this figure i. [...] The larger the amount claimed by the investor and the longer the procedure, the higher are generally the costs. [...] Growing recognition by international and national bodies of the incompatibility of the investment protection regime with the Paris Agreement goal • This issue was first raised in the report of the IPCC's third working group in 2022 on climate change mitigation. [...] However, for the time being, there is a complete lack of alignment between the recommendations of the European institutions and the content of the agreements20. [...] Fossil fuel investment protection: a key topic to be addressed in the framework of the UNFCCC Sharm el-Sheikh dialogue The workshops should provide an opportunity to discuss the following topics • Promote a multilateral solution to exclude fossil fuel investments from the scope of protection of international investment treaties and climate change and adaptation measures24, as well as an automatic.
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