The Extractive Industries Sector: Essentials for Economists, Public Finance Professionals, and Policy Makers (original) (raw)
2015
The extractive industries (EI) sector occupies an outsize space in the economies of many developing countries. Economists, public finance professionals, and policy makers working in such countries are frequently confronted with issues that require an in-depth understanding of the sector. The objective of this volume is to provide a concise overview of EI-related topics these professionals are likely to encounter. The volume provides an overview of issues central to EI economics; discusses key components of the sector’s governance, policy, and institutional frameworks; and identifies the public sector’s EI-related financing obligations. Its discussion of EI economics covers the valuation of subsoil assets, the economic interpretation of ore, and the structure of energy and mineral markets. The volume maps the responsibilities of relevant government entities and outlines the characteristics of the EI sector’s legal and regulatory frameworks. Specific key functions of the sector are briefly discussed, as are the financial structures that underpin environmental and social safeguards; investment of public revenues generated from oil, gas, or minerals; as well as extractive-based economic diversification. The authors hope that decision makers in ministries of finance, international organizations, and other relevant entities will find the study useful to their understanding and analysis of the EI sector.
Related papers
Investment Law and Policy Developments in the Extractive Industries 2020
Yearbook on International Investment Law & Policy 2020, 2022
This chapter explores the controversies that emerged or were resolved involving foreign investment in natural resources during 2020. The extractive sector is central to the macroeconomic stability and the redistributive policies of many Global South countries. Foreign investment usually plays a significant role in this sector. At the same time, relations between foreign investors, Global South governments, and their local communities can be conflictive. The development and evolution of the investment treaty regime— evidence shows— is closely linked to these conflicts and the interests of extractive investors, particularly major oil multinationals during decolonization. The International Centre for Settlement of Investment Disputes (ICSID) statistics also show that 24 per cent of all cases registered at ICSID involve gas, oil, and mining projects.
2019
The IRP Report on Mineral Resource Governance in the 21st Century was requested by the IRP Steering Committee at its 18th Meeting (Cape Town, 6–9 June 2016). The Report also responds to a Recommendation adopted at the 21st Meeting of the Convention on Biological Diversity Subsidiary Body on Scientific, Technical and Technological Advice (Montreal, 11–14 December 2017).1The structure and content of the Report was informed by a series of expert workshops convened in Davos (15–16 October 2015), Accra (26–27 September 2016), Helsinki (9-10 June 2017), and Lima (22–24 November 2017). It was also informed by a global stakeholder consultation process.
2011
Many Latin American countries are rich with natural resources like oil, gas and minerals, and they have a wealth of experience to share in terms of the investment policies they have pursued to develop their extractive industries. This selection of publications highlights key resources documenting and analysing the following aspects of the Latin American investment policy experience: Gas Sector, Oil Sector, Mining Sector, Choice of Policy Model, and Rents, Taxes and Royalties. spotLigHt on pubLicAtions: ExtrActivE inDustry invEstmEnt poLiciEs
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