Part II International Economic Law as an Order of Rules and Principles, VIII Environmental Protection and Sustainable Development
- Sustainable development — Precautionary principle — Pollution — Climate change — Biodiversity
The framework of international economic law responds increasingly to environmental concerns. Thus, international environmental law1 is closely interwoven with international trade and investment law. In the modern world, environmental protection has become of paramount importance. The optimal allocation of resources and a maximum of productivity is no longer the dominant and overarching objective, even of economic policy. The construction of large industrial facilities, the exploitation of natural resources, or the production of energy almost always raise...