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The Stockholm Treaty Lab Prize

Who can draft the international treaty with the greatest potential to encourage investment in climate change mitigation and adaptation? Read Overview...
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Overview

Ambitious targets for curbing global warming were laid out in the 2015 Paris Agreement and the Sustainable Development Goals. Targets that, if they are to be met, will require investments amounting to trillions of dollars across the globe. Renewable energy must become even more affordable and available; energy-efficient transportation will be needed to carry an increasingly mobile world population; sustainable agriculture and forest restoration must substitute unsustainable land use and deforestation; and climate-resilient infrastructures must be built where global warming and rising sea levels already put communities at risk.

To some extent, the technologies necessary already exist – solar and wind power, energy-efficient vehicles, and carbon capture and storage – but enormous investments are needed to deploy these on a meaningful scale. In other areas, existing technologies fall short, and investments must be made in innovation and development. Such “green” investments present exciting and lucrative opportunities for investors.

Foreign investments tend to increase where they are protected by a stable and transparent legal framework, including a neutral and reliable enforcement mechanism. In the absence of such a framework, investors are often hesitant to deploy their funds. Yet no international legal instrument exists that specifically incentivizes and protects green investments. It is against this background that the SCC and its partners are launching the Stockholm Treaty Lab Prize  – an innovation prize that aims to address the “policy gap” between the objectives of the international climate change agreements, and the outcomes that those agreements envision.

The Stockholm Treaty Lab 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.

Read more at the website here

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Updates (2)

Registration and Submission Deadlines Extended!

Aug. 9, 2017, 1 p.m. PDT by Liz Treadwell

Hi everyone,

Due to the high amount of interest in this competition, the Stockholm Treaty Lab team has decided to extend both the registration and submission deadlines!

Here are the new dates:

  • Registration Closes on Oct. 30, 2017 at 4 p.m. PDT

  • Submission Deadline is now on Feb. 27, 2018 at 3 p.m. PST

As a reminder, you can visit the Timeline tab to view the exact dates/times in your location: https://herox.com/stockholmtreatylab/timeline.

If you have any questions, or you are looking to collaborate with others on your submission, make a post in the Forum!

 


Less than 30 days remaining!

Aug. 3, 2017, noon PDT by Liz Treadwell

We’re just under 30 days away from the registration deadline, and we're absolutely thrilled by the response we’ve received so far. While I’m sure everyone is hard at work on their submissions, there are a few notes we wanted to pass along:

  • Don't hesitate to reach out with any questions. Whether on the challenge forum or by sending us a direct message, we strongly encourage our innovators to ask questions.
  • Get your submissions in early! You can always edit and re-submit your entry as many times as you’d like up until the deadline on November 30th.
  • Collaborate with others if you’d like! Visit the Community tab to form your team, invite others to join it, or seek out other registered innovators to work together.

If you run into any technical issues, you can contact the HeroX team at . That's all for now. Best of luck!


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