Most commodity price indexes rebounded in February-March from their January lows on improved market sentiment and a weakening dollar. Still, average prices for the first quarter fell compared to the last quarter of 2015, with energy prices down 21 percent and non-energy prices lower by 2 percent according to the April 2016 Commodity Markets Outlook.
more than the 36 percent increase in the global population. Access to energy is fundamental to development, but as economies evolve, rising incomes and growing populations demand more energy. Sustainable Development Goal 7 seeks to ensure access to affordable, reliable, sustainable and modern energy for all and achieving this will require increasing access to electricity, the take-up of clean fuels and renewable energies, and energy efficiency.
A fifth of the world's electricity production in 2012 came from renewable energy sources such as solar, wind, geothermal, and hydropower. The International Energy Agency estimates this could rise to a quarter of the world's production by 2020.
Note: I picked "over 80%" just for emphasis - I was surprised by the countries in Sub-Saharan Africa such as Zambia where hydropower is a big part of the energy generation mix. You can see a map with values for all countries with available data here.
Although there exists plenty of analysis of the Dutch disease, the resource curse, and Hotelling’s rule to fill several large libraries, there is nonetheless still ample room for debate about optimal policies in resource-rich countries. What is the optimal pace of extraction? Should they diversify? If so, how should they diversify and when should they diversify? What role should sovereign wealth funds play? Can the destabilizing adjustment process in the wake of an oil price collapse be avoided?
In a recent blog, Ulrich Bartsch and Donato De Rosa revisit the issue of resource revenue management. There are many good elements in this analysis, but there is one big problem: The same rigor that is used to analyze the goods markets is not used to analyze the accumulation of assets. While market forces are declared essential in the goods markets, little is said about the role of market forces in the accumulation of assets.
Let’s explore a bit more the relation between market forces, asset accumulation, and comparative advantages.
The investment needs for low-carbon, climate-resilience growth are substantial. Public resources can bridge viability gaps and cover risks that private actors are unable or unwilling to bear, while the private sector can bring the financial flows and innovation required to sustain progress. For this partnership to reach its full potential, investors need to be provided with the necessary signals, enabling environments, and incentives to confidently invest in emerging economies.
Here are some facts that you might not know:
- Over the last 60 years, Guatemala has lost almost half of its forests, much of it due to illegal logging.
- Built-up area around Lake Laguna in the Philippines has more than doubled between 2003 and 2010.
- The mining sector accounts for 10-15 percent of total water use in Botswana.
The results above are among the numerous NCA findings that are being generated every year, with support from a World Bank-led global partnership called Wealth Accounting and the Valuation of Ecosystem Services (WAVES). In response to the growing appetite for information on NCA, WAVES has set up a new Knowledge Center bringing together resources on this topic.
- Knowledge Center
- Carbon Tax
- united nations
- natural capital accounting (NCA)
- Wealth Accounting and the Valuation of Ecosystem Services (WAVES)
- Sustainable Development
- Latin America & Caribbean
- United States
- Trinidad and Tobago
- South Africa
- Costa Rica
In the arid farming lands of the Pyanj River Basin of Tajikistan, women and children spend much of their days searching for water, food and fuel. But higher temperatures, lower rainfall and less snow up in the mountain glaciers have made their job difficult, if not impossible.
Let’s assume you are a Finance Minister or ministry official of a country that has newly discovered oil or minerals.
What actions lay ahead? Or, if oil and mineral production is ongoing, , which is a mainstay for national economies around the world?
Planning for the development of an unfamiliar and complex sector can be daunting. How should sector policy objectives be determined?
Which economic, accounting and taxation principles should be considered? What kinds of laws and regulations would a government need to adopt? What roles do various ministries and government agencies play in administering these laws? How do technical, environmental and social considerations fit into the scheme of things? What about the investment of resource revenues, or the potential for new industry linkages?
The cost of solar technology has come down, way down, making it is a viable way to expand access to energy for hundreds of millions of people living in energy poverty. For farmers in developing countries, the growing availability of solar water pumps offers a viable alternative to system dependent on fossil fuel or grid electricity. While relatively limited, experience in several countries shows how solar irrigation pumps can make farmers more resilient against the erratic shifts in rainfall patterns caused by climate change or the unreliable supply and high costs of fossil fuels needed to operate water pumps. Experience also suggests a number of creative ways that potential water resource trade-offs can be addressed.