This investor briefing outlines the International Court of Justice (ICJ) Advisory Opinion on the Obligation of States in Respect to Climate Change and the consequences of failing to meet them.
While nonbinding, ICJ opinions carry significant weight and are often treated as authoritative interpretations of international law. Notable for its unprecedented global engagement, this opinion may shape climate policy, regulation, and litigation for years to come, with impacts varying by jurisdiction. Investors should monitor potential shifts arising from this opinion in international climate negotiations, domestic policy and regulatory reforms, and litigation risk relating to both States and private actors.
The intended audience for this document is PRI signatories who want to better understand the ICJ advisory opinion.
For any questions regarding the application of this advisory opinion, readers should consult their legal counsel.
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