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The Nigerian National Petroleum Corporation’s (NNPC) persistent governance challenges have both hampered Nigeria’s oil sector development and deprived the country of public resources. The oil, climate, and COVID-19 crises and the ramp-up of the low-carbon transition exacerbate this reality,...
Persistent link: https://www.econbiz.de/10013244862
With Nigeria’s National Assembly debating the proposed Petroleum Industry Bill (PIB) in the first quarter of 2021 — after nearly two decades of attempted reform of the country’s petroleum sector — Nigeria has a unique opportunity to rethink the role of the oil and gas industry in...
Persistent link: https://www.econbiz.de/10013231770
Domestic laws are the ideal legal instrument to regulate the mining sector’s contribution to climate change mitigation and adaptation. Even so, as a stop-gap-measure, governments may consider updating model mining development agreements (MMDAs) or negotiating climate­-related contractual...
Persistent link: https://www.econbiz.de/10013215615
All Africans—whether living in urban or rural areas—need access to affordable, clean, efficient, reliable, climate-proof, and renewable energy for both residential and productive uses to achieve sustainable development objectives. This report sets out a comprehensive and actionable roadmap...
Persistent link: https://www.econbiz.de/10013295552
The petroleum industry is volatile, and governments in “new producer” countries have operated at a significant information disadvantage when negotiating with international oil companies. This challenge is growing today; new producer countries face intensifying questions around whether to...
Persistent link: https://www.econbiz.de/10013295756
Indigenous and Tribal peoples’ right to free, prior and informed consent (FPIC) has transformative potential. Yet, there is a considerable gap between the theory and what happens in practice. Global actors supporting recognition of FPIC and effective prior consultation processes usually focus...
Persistent link: https://www.econbiz.de/10013242618
Transparency is often seen as a means of improving governance and accountability of investment, but its potential to do so is hindered by vague definitions and failures to focus on the needs of key local actors.In a new report focusing on agribusiness, forestry, and renewable energy projects...
Persistent link: https://www.econbiz.de/10013233956
Building on earlier work by IIED and CCSI, this report reflects on select COVID-related developments that may result in longer-term shifts relevant to land-based investments in Sub-Saharan Africa and Southeast Asia. Our objectives are two-fold. In the short term, monitoring developments can...
Persistent link: https://www.econbiz.de/10013216583
Deciding whether or not to allow an investor to use community lands and natural resources is one of the most important decisions a community can make. If an investment project is carried out in a respectful and inclusive way, it may help community members to achieve their development goals,...
Persistent link: https://www.econbiz.de/10012826252
Attracting investment in agriculture has been a key policy goal of governments in the global south. Development partners have supported these policies. But what do governments hope to achieve by attracting investment in the agricultural sector? Why are companies interested in investing? What is...
Persistent link: https://www.econbiz.de/10012827677