Extractive sector policies and governance choices are holding back solar and wind projects in many countries. Part of the trouble lies in the shortsighted habits of political decision-making that oil, gas or coal exploitation can foster. Debates about domestic energy use are highly political and can fall prey to narrow agendas.
Coronavirus containment measures have hit economies hard—and with them, government revenues. Most natural resource-dependent countries are experiencing a double shock as their main source of foreign currency has crashed along with fiscal revenues.
In this post, the authors present experiences and lessons shared by African negotiators who have negotiated with Chinese entities. These best practices can help African governments to generate more value from negotiations with China.
If member countries of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting adopt this proposal, they should exempt extractive industries so as to protect the legitimate interests of resource-exporting countries.
One of the drivers of the Extractive Industries Transparency Initiative's inception over fifteen years ago was the need to address corruption. Here, NRGI president and CEO Daniel Kaufmann offers evidence-based ideas for how EITI can better meet that goal.
Extractive projects can generate substantial revenues for host countries, and discoveries often bring hopes of jobs, development and newfound wealth. But they also generate a range of negative environmental and social effects, which can have direct and significant economic implications. But fiscal impacts and environmental and social impacts are often assessed and monitored by separate regulatory bodies in separate processes, leading to an incomplete understanding of extractive sector performance.
In Latin America, major governance challenges hinder the positive impact natural resources could have on economic and social development. In this post the authors put forth four priority actions that can shape the region’s extractive sector in the years to come.
NRGI staff invite comment on a new draft consultation briefing about the Extractive Industries Transparency Initiative (EITI) encouragement of “mainstreaming,” which involves a transition away from standalone EITI reports toward meeting EITI requirements through routine and publicly accessible government and company reporting.