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Introduction: The Global and Local Governance of Extractive Resources

Introduction: The Global and Local Governance of Extractive Resources Global Governance 17 (2011), 135–147 Introduction: The Global and Local Governance of Extractive Resources Gilles Carbonnier The global governance of extractive resources has largely been shaped by the energy-security agenda of industrialized countries. It is patchy and does not properly address the specific concerns of producer, consumer, and tran- sit countries. Rising demand coincides with a looming peak of oil production and climate change. This requires urgent and resolute collective action, which is hampered by a disconnect between geological and political tempo- rality and realities. Extractive industries, investors, civil society, international organizations, and consumer countries can jointly provide significant politi- cal and market incentives to avert the resource curse in resource-rich, but weak states. This calls for an appropriate institutionalization of voluntary multistakeholder initiatives with greater engagement on the part of emerg- ing economies. KEYWORDS: energy security, extractive resources, multistake- holder initiatives, resource curse, energy governance, China. THE GOVERNANCE OF EXTRACTIVE RESOURCES MEANS DIFFERENT THINGS TO different people, depending on where they sit. Obviously, the interests of net importing and net exporting countries do not coincide. But virtually everyone agrees that the governance of oil, gas, and minerals is patchy and piecemeal at best. Much is simply left to http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Global Governance: A Review of Multilateralism and International Organizations Brill

Introduction: The Global and Local Governance of Extractive Resources

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Publisher
Brill
Copyright
Copyright © Koninklijke Brill NV, Leiden, The Netherlands
ISSN
1075-2846
eISSN
1942-6720
DOI
10.1163/19426720-01702001
Publisher site
See Article on Publisher Site

Abstract

Global Governance 17 (2011), 135–147 Introduction: The Global and Local Governance of Extractive Resources Gilles Carbonnier The global governance of extractive resources has largely been shaped by the energy-security agenda of industrialized countries. It is patchy and does not properly address the specific concerns of producer, consumer, and tran- sit countries. Rising demand coincides with a looming peak of oil production and climate change. This requires urgent and resolute collective action, which is hampered by a disconnect between geological and political tempo- rality and realities. Extractive industries, investors, civil society, international organizations, and consumer countries can jointly provide significant politi- cal and market incentives to avert the resource curse in resource-rich, but weak states. This calls for an appropriate institutionalization of voluntary multistakeholder initiatives with greater engagement on the part of emerg- ing economies. KEYWORDS: energy security, extractive resources, multistake- holder initiatives, resource curse, energy governance, China. THE GOVERNANCE OF EXTRACTIVE RESOURCES MEANS DIFFERENT THINGS TO different people, depending on where they sit. Obviously, the interests of net importing and net exporting countries do not coincide. But virtually everyone agrees that the governance of oil, gas, and minerals is patchy and piecemeal at best. Much is simply left to

Journal

Global Governance: A Review of Multilateralism and International OrganizationsBrill

Published: Aug 12, 2011

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