Tag: Natural Resources

 

Cashing In on Coal

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India is getting some serious cash from coal. According to official estimates, the government will get nearly $250 billion in revenues over a period of 30 years from the sale of over two hundred coal blocks to private bidders. Given India’s record of corruption and mismanagement of natural resources, it is difficult to be optimistic that it will be able to cash in on this windfall and use it for development. But there are a few silver linings that may prove us (happily) wrong.

Defying the Resource Curse

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If you won the lottery tomorrow, what would you do with the money? Whatever difficulty you have in arriving at an answer, imagine the dilemma an entire nation might face. Several countries have struck gold and squandered it. In this podcast, Todd Moss explains how countries can make the best use of their natural resource revenues: by giving it to the people. By providing a portion of natural resource revenue to citizens, countries can build a tax base and strengthen the pact between citizens and their governments. 

A Glimmer of Hope for a Carbon Tax in the US?

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I’ve spent the last year at CGD working with a team of experts to figure out how to encourage more funders to pay tropical forest countries for results in reducing deforestation.  My CGD colleagues Jonah Busch and Frances Seymour have done extensive research that documents that forests are critical for development and to combat climate change. And paying forest countries for performance – actual results in reducing deforestation – can provide an essential incentive and can complement funding for inputs, as reflected in CGD’s Cash-on-Delivery aid research.  

SDG Thirteen: A Pound of Cure, Sure, But Where’s the Ounce of Prevention?

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Expanding economic prosperity while avoiding dangerous climate change is perhaps the defining challenge of the 21st century.  So I’m glad to see that the draft Sustainable Development Goals (SDGs) include a goal for climate.  But I’m puzzled by a pretty fundamental omission. While the draft SDGs list targets for adapting to climate change, and educating people about climate change, and even mobilizing serious money in response to climate change, there’s not actually a target for, ahem, preventing climate change.

Natural Resource Revenue in Tanzania – Justin Sandefur

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What would you do if you suddenly came into a lot of money? That’s what several African governments are thinking about right now – after the discovery of huge natural gas deposits. Tanzania’s reserves could yield the kind of revenues that might alter the course of the country’s development. At that level, the decisions become harder and more crucial. In this CGD podcast, research fellow Justin Sandefur describes a unique project underway right now that asks thousands of ordinary Tanzanians how they think potential resource revenues should be used. 

Should Sovereign Wealth Funds Finance Domestic Investment?

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Countries have traditionally invested their sovereign wealth in securities of major markets able to provide dependable returns and macroeconomic stability, but some are now investing more sovereign wealth domestically because of diminished returns in major markets and new investment opportunities at home. 

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