The extractive industries provide substantial government revenues in many low-income and middle-income countries, but efforts to diversify economies have been disappointing. Moreover, there are major revenue shortfalls due to ineffective regulation, under-reporting by producers, poor transparency, and badly designed tax systems. Incentives are still badly titled towards extraction, and away from protecting renewable resources such as biodiversity, forests and water as well as ending greenhouse gas emissions. The COVID-19 pandemic has also caused an unprecedented shock that has exposed the vulnerability of economies dependent on extractive revenues, and the project examines how to manage the revenue risks.
This project builds on the Extractives for Development (E4D) project undertaken by UNU-WIDER from 2014-18. The new project aims to further enhance the links established to senior policy makers, international organizations and the oil, gas and mining industries themselves to share lessons across regions, and to identify opportunities as well as risks (and ways of mitigating those risks), and to chart the future of the global extractives industries and the consequences for both low and middle income countries.
The project will deliver research papers, to be published in the WIDER working paper series. The first set of papers focus on identifying critical issues for the sector, in light of the impact of the COVID-19 pandemic as well as climate change. A monograph will be finalized in 2020, for publication in 2021, building on a book published by Oxford University Press from the previous UNU-WIDER project.
All papers, events, briefs, blog posts, and opportunities to engage relating to the project will be available on this webpage.
The research will address SDG 16: Peace, Justice and Strong Institutions. In addition, it will support the attainment of SDG 7 (Affordable and clean energy), SDG 12 (Responsible consumption and production, as well as SDG 13 (Climate action).
Follow the conversation at #Extractives4Dev
This project is part of the Domestic Revenue Mobilization programme.
Focal point: Tony Addison
Project support: Jutta Stenholm
Communications: Anna Toppari
University of Copenhagen (UCPH)
Financial support from the Norwegian Agency for Development Cooperation
(Norad)
The Sustainable Development Agenda
This project builds on previous work completed under Extractives for Development (E4D)
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Extractive industries are spread across mining of metal and minerals, oil and gas, among others. Multinationals in these sectors are confronted with different challenges ranging from corruption, political risk, economic uncertainty, sunk costs, and...
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This paper applies an environmentally extended input–output analysis, leveraging the Eora database, to estimate the global raw material footprints of 51 African nations from 1995 to 2015. It employs least absolute shrinkage and selection operator and...
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In this blog, the managing editor of the WIDERAngle shares his personal view on some of the most important —and potentially overlooked— work recently...
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We show that the incorporation of offshore entities increases when oil and gas exploration licences are awarded. We exploit leaked data on the incorporation of shell companies and detailed information on tax havens and the awarding rounds of oil...
Zambia has changed its mineral tax regime repeatedly during the past decades in a bid to raise mineral revenue, but with only modest success. This paper looks at what the country needs to do to create a mining fiscal regime that could sustain...
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The transition to net zero over the next few decades will involve a large increase in the global demand for many metals essential to the renewables...
The focus of this study is rent in the diamond industry. Based on extensive datasets and a discussion of all relevant costs, we present resource rent statistics from the diamond industry in key producer countries in emerging economies such as Angola...
Theme: 2019-23, Transforming states
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