News: Free online course on Natural Resources for Sustainable Development
February 7, 2018. Natural Resource Governance Institute
Natural Resources for Sustainable Development: The Fundamentals of Oil, Gas, and Mining Governance, is a joint, free online course by the Natural Resource Governance Institute, the Columbia Center on Sustainable Investment and the World Bank, gives students an understanding of the key challenges and opportunities that come with managing extractive industry investments for sustainable development.
When managed prudently, oil, gas, and mining investments and the vast revenues they generate can sustain development efforts and make a lasting positive impact on the life of citizens. However, without proper policies, frameworks, and oversight, these same investments have the potential to destabilize public financial management systems, bring negative environmental and social impacts, and increase the risk of corruption.
This course, which is offered twice a year, builds knowledge to make the most of oil, gas, and minerals, while mitigating the risks that these industries bring. It outlines the various complex and interrelated aspects of natural resource governance, including: understanding the governance and industry fundamentals; developing and implementing robust and transparent legal frameworks; designing fiscal regimes to capture a fair share of the revenues; managing environmental risks; engaging with communities; leveraging investments for infrastructure and business linkages; and managing revenues for economic diversification and development, among others.
By joining the course, you will also become part of a global movement of citizens and practitioners committed to harnessing the transformational impacts of these resources. The success of the course depends on an active student base that represents a diversity of experiences, geographies, and perspectives.