Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298076 
Year of Publication: 
2024
Series/Report no.: 
WIDER Working Paper No. 2024/26
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
The extractives industries are highly controversial but remain vitally important in much of the developing world. This paper considers their role in reducing energy poverty and discusses scenarios for the future of the global markets for oil, gas, and metals (emphasizing the increasing importance of Asia). It then provides a snapshot of the increasing dependence of many developing countries on the extractives sector and uses that analysis to provide a perspective on the new opportunities arising from the global net-zero transition. Finally, the paper sets out six dilemmas arising from the role of the extractive industries under the sub-headings of: poverty reduction and nature; mining and environmental risk; demand and supply imbalances; fragile states and supply chains; strategic dependence; and technological backwardness. Overall, the paper seeks to sketch the context, both national and global, in which policy-makers must make often hard choices.
Subjects: 
climate
commodities
extractive industries
mining
natural gas
oil
JEL: 
C81
C82
L72
Q02
Persistent Identifier of the first edition: 
ISBN: 
978-92-9267-484-7
Document Type: 
Working Paper

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