Transparency in the extractive industries sector as a legal tool for strengthening good governance: The EU's approach
Nilyufar Abdulatova
No 01/2021, Discussion Papers from Europa-Kolleg Hamburg, Institute for European Integration
Abstract:
Nowadays, humanity encounters many problems connected to the use of natural resources. International actors have established diverse global initiatives and regional and national legal reforms linked to the issue. Thus, this study provides a comparison of selected provisions regarding information disclosure orders of the EITI Standard 2019 and the EU Directives. The paper presents a descriptive comparison of two prominent legal mechanisms enhancing good governance in the extractive industries sector: The Extractive Industries Transparency Initiative (hereafter the EITI) and the EU Directives. Moreover, the study briefly discusses the meaning of the good governance concept and the significance of the principles of transparency as a tool to strengthen fiscal and non-fiscal accountability in the extractive industries sector. The author argues that developing resource-rich countries should join the EITI and support the initiative by implementing legal mechanisms promoting good governance in the natural resources sector. The findings of the study are summarised in the conclusion.
Keywords: The EU Directives; the Extractive Industries Transparency Initiative; the EITI Standard 2019; sustainable development; good governance; transparency; natural resources sector (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.econstor.eu/bitstream/10419/228691/1/1744915474.pdf (application/pdf)
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:zbw:ekhdps:012021
Access Statistics for this paper
More papers in Discussion Papers from Europa-Kolleg Hamburg, Institute for European Integration Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().