This brief, reviews recent international gas developments, the outlook
in this regard and implications for the development of proposed
offshore gas projects in Tanzania. As the country aims to benefit from
its gas discoveries by increasing its domestic gas use, it also outlines
some of the trade-offs and considerations that need to be taken into
account when negotiating the domestic gas allocation.
Topic:
International Political Economy and Climate Finance
The message is by now clear: our global economy must be fundamentally reoriented and redeployed in order to achieve the SDGs and the commitments of the Paris Climate Agreement. This requires action by all stakeholders, including non-financial and financial firms, debt and equity investors, government policymakers, and consumers. In terms of the amount of money required, it has been estimated that meeting the SDGs will require $5 to $7 trillion annually, with investment needs for developing countries amounting to roughly $3.3 to $4.5 trillion per year. While a big picture view of and strategic thinking regarding the entire economic ecosystem is necessary to generate such investments, this paper, produced in conjunction with the UN Inquiry into the Design of a Sustainable Financial System, focuses on the actual and potential role of one type of financial flow—FDI—in achieving the transition to a low-carbon, just and sustainable world and, more specifically, FDI flows into developing countries.
Topic:
International Political Economy and Climate Finance
When a local asset (or a right relating to such asset) is sold, a country will generally have jurisdiction to levy a capital gains tax on the sale, both under domestic law and international treaty. This is called taxation of a “direct” transfer of a local asset. However, taxation becomes increasingly complicated when a company located offshore owns the local asset. Further difficulties arise when the local asset is held by a chain of corporations located in tax havens. An “indirect” transfer occurs when the shares of the domestic subsidiary, the shares of the foreign company with a branch in the country, or the shares of the holding company are sold, instead of the asset.
Based on a review of 150 instruments, ranging from international investment agreements to codes of multinational enterprises, this paper identifies ten core characteristics of sustainable FDI and twenty emerging sustainable FDI characteristics widely accepted across ten stakeholder groups. The paper explores furthermore opportunities and mechanisms to advance the application of the sustainability characteristics. The FDI sustainability characteristics are also of immediate relevance for the discussions of investment facilitation
Agricultural investment contracts and forestry projects can be complex, with complicated provisions that are difficult to understand. To assist non-lawyers in better understanding agricultural investment contracts, such as those available on OpenLandContracts.org, CCSI has developed a Guide to Land Contracts: Forestry Projects. This Guide, prepared by International Senior Lawyers Project staff and volunteers in collaboration with the Columbia Center on Sustainable Investment, aims to assist OpenLandContracts.org users in unpacking the technical provisions and language typically found in forestry contracts in order to better understand the contracts and the potential implications of specific provisions across a range of stakeholder interests.
Completing, deepening and rebalancing the Economic and Monetary Union is perhaps the most crucial point of the dense European policy agenda. For social democrats, reforms of the Eurozone cannot aim exclusively at stabilising financial and sovereign markets or introducing more fiscal Discipline. From a progressive perspective, the main objective of reforming the Economic and Monetary Union is to address the problems of low growth and high unemployment, lack of social convergence and the democratic deficit. The authors present some crucial elements for a reform inspired by progressive values; they advocate for a fully-fledged Banking Union, a Convergence Code, a real Social Dimension and a Fiscal Capacity which includes both a stabilisation and an investment function.
La Fundación Alternativas presenta un nuevo estudio: ¨The impact and consequences of Brexit on acquired rights of EU citizens living in the UK and British citizens living in the EU-27¨. Informe encargado y financiado por el Parlamento Europeo, ha sido elaborado por Antonio Fernández Tomás y Diego López Garrido.
There are almost no oil or gas resources in the EU. To strengthen its energy security, the EU has taken a number of measures in its energy policy.
Russia is currently the main energy supplier of oil and gas to the EU. In addition, the EU has been developing “energy relations” with existing and potential energy producers from Asia, the Middle East and North Africa (MENA), sub-Saharan Africa, North America, and Latin America.
The European Union should complete the creation of a fully liberalized and interconnected internal market to which energy sources, especially gas, can be delivered effectively from around the world. The EU also has to pursue more efficient relations with its current and, especially, future producers and suppliers of energy.
Under pressure from overlapping crises, writes Michal Šimečka in his newest policy paper, the European Union is embracing a more assertive role in security. The election of Donald Trump has added a further sense of urgency and purpose to EU defence cooperation. The pursuit of European strategic autonomy is not just a matter of upgrading capabilities, building institutions, or re-calibrating EU–NATO cooperation. It is also a struggle to re-invent the EU’s identity. The Czech Republic emerged as a supporter of the new dynamic, but Prague should do more to back its rhetorical support with tangible commitments and policy leadership.
Topic:
International Political Economy and International Affairs