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Transparency in the Extractive Industries: Time to Ask for More.
- Source :
-
Global Environmental Politics . Nov2014, Vol. 14 Issue 4, p1-9. 9p. 1 Diagram. - Publication Year :
- 2014
-
Abstract
- Amid accusations of tax avoidance directed towards some of the world's largest multinationals, governments around the globe have started to act. Triggered by the 2010 US Dodd-Frank Act (Section 1504), the EU passed ambitious legislation in June 2013 on transparency. In this article I discuss those policies, along with extractive industries initiatives. I argue that transparency norms should be extended to environmental pressures. A driving force could be the vision of increasing revenues and public investments for green economies in resource-rich developing countries, with global prosperity stemming from increasing resource efficiency and lowering environmental risks along international value chains. Accordingly, I develop two scenarios for the future: a "realistic" one with limited participation, weak enforcement, and cumulated ensuing risks; and an "opportunity" scenario, which involves taking opportunities for cooperation and resource efficiency. Finally, I draw conclusions and provide recommendations toward a global environmental politics with a strong transparency component. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 15263800
- Volume :
- 14
- Issue :
- 4
- Database :
- Academic Search Index
- Journal :
- Global Environmental Politics
- Publication Type :
- Academic Journal
- Accession number :
- 99015414
- Full Text :
- https://doi.org/10.1162/GLEP_e_00254