Winners of the Stockholm Treaty Lab Prize to be announced soon
One year ago, the registration opened to compete in the innovation competition, the Stockholm Treaty Lab Prize. The prize will be awarded to the team that drafts the model treaty that is considered to have the largest potential to increase green investments. Two finalists have now been selected and the winner will be presented at the latest by mid-July.
What is really holding back green investors and how can this treaty play a role in unlocking that barrier? How does this treaty facilitate a transition to a low-carbon economy? What needs to happen? These were some of the questions the Jury had to address when they met in Stockholm to review all submissions. The review process has been blind, meaning that all submissions have been anonymized before being sent to the Jury.
A total of 22 submissions were received, and the jury has selected two finalists to enter the second round. In this round, the finalists are invited to continue working on their drafts, with comments from the Jury. The Jury will meet again in June and the winner is set to be announced at the latest by mid-July.
"We are overwhelmed by the response and the willingness to address this challenge, but also of the quality and dedication that is reflected in the submissions. Stockholm Treaty Lab shows that policy crowdsourcing actually works”, says SCC Secretary General Annette Magnusson.
Global exposure for both the winner and non-finalists
The winning team will be given the opportunity to present its model treaty in several global forums, for example in New York and in Davos in 2019. See more information about this here.
The aim of the Stockholm Treaty Lab is not limited to selecting the best complete model treaty— the aim is for as many ideas as possible to reach a wider audience, even where the model treaty that contained them did not make it to the final round of the innovation contest.
For the purpose of achieving the greatest possible exposure for the innovative ideas presented in the contest, the Stockholm Treaty Lab has partnered with Wolters Kluwer to compile special edition of the Journal of International Arbitration. All teams will be invited to develop their contest submission into an article for potential publication.
More information will follow after the winners have been selected.