Climate Financing And ADR For Balancing Economic Development And Environmental Protection
DOI:
https://doi.org/10.64252/mnkvv496Abstract
This paper looks at the important connection between climate financing and Alternative Dispute Resolution (ADR) as a key way to balance two needs: economic development and environmental protection. Usually, these two are seen as being in conflict. Economic growth, especially with rapid industrial expansion, often leads to serious damage to natural resources and ecosystems.[1]
This research suggests that a combined approach—bringing together strong climate finance systems with easy and efficient ADR processes—can help solve these conflicts. Such an approach builds a relationship, where protecting the environment and encouraging economic growth go hand in hand and support each other.
[1] Francis Kariuki & Vianney Sebayiga, Evaluating the Role of ADR Mechanisms in Resolving Climate Change Disputes, 10 Alternative Dispute Resolution 1 (2022), https://ssrn.com/abstract=4257643.
