Columbia is Well Known for Mining Which Natural Resource

Mineral and free energy resources take repeatedly transformed the globe economy and society. In fact, mineral and free energy sources have divers the very epochs of human history, from the Copper Age to the Bronze Age, from the Iron Age to the Age of Coal, and in the 20^th
century, to the Age of Oil. Yet every one of these transitions has been tumultuous.

Managing these extractive industries lies at the cadre of managing the globe economic system.
And these days, the challenges are greater than always. Minerals and energy sources are keys to success and failure of economical development in many countries around the earth; the proper management of this sector is disquisitional to the social inclusion of communities effectually the world that are near to mining sites; and the proper management of the industry is of course essential for environmental sustainability.

A new massive open online form (MOOC) launching February 1 takes upwardly the extractive sector in all its complexity: economics, law, social inclusion, ecology sustainability, and yes, geopolitics. Nosotros analyze how the extractive industries, if properly managed, can be a positive strength for sustainable evolution, rather than a source of instability and inequality.

The MOOC is available worldwide, for gratis, to students, experts, and interested citizens alike. The form was developed past the Columbia Middle on Sustainable Investment and the Natural Resource Governance Plant, in partnership with the Sustainable Evolution Solutions Network and with support from the World Bank Group.
Those interested can register

here.

The potential benefits, but besides existent risks of extractive-industry investment, are now widely recognized by the industry, host countries, academic experts, and ceremonious club. Investments in extractive industries tin contribute significantly to sustainable development, through the transfer of capital and engineering science, linkages with local industries, infrastructure development, and chapters edifice.

Nevertheless the challenges of harnessing natural resource for sustainable development are cracking.

First, the resources in question are finite, putting a premium not only on robust and prudent management of the sector but as well on the need for an inter-temporal strategy for spreading the benefits amidst multiple generations.

Second, there is the existent chance of a “resource curse,” both economically and politically. Economically, a mismanaged extractive sector can squeeze out long-term innovation and lead to loftier macroeconomic volatility. Politically, the resource can be a source of conflict, even open war. The MOOC therefore delves into the challenge of achieving the “resource dividend” rather than the “resource expletive.”

Third, a big extractive sector tin can create or exacerbate inequalities of income and social exclusion, specially among vulnerable groups afflicted by mining operations including indigenous communities and women.

4th, both the extraction and apply of minerals and energy can create massive environmental harms, by degrading landscapes, coastlines, riverbeds, and community lands ravaged by mining operations and oil rigs, including toxic spills, air and water pollution, and massive deforestation, likewise as the dire threats of man-induced climate change from the combustion of fossil fuels.

The guiding questions behind this online course are:

How tin can extractive manufacture investments be leveraged for sustainable and equitable development, especially in low-income resource-rich countries?

How tin can the challenges of poverty consolation, environmental sustainability, and governance be addressed in an integrated, multi-stakeholder framework for the extractive sector?

What are the key roles and responsibilities of stakeholders in ensuring mutual accountability, effective collaboration, and shared benefits of the extractive sector?

The class describes the inter-related challenges of
governance
(laws and contracts, policy and planning frameworks, audio resource management, effective institutions),
infrastructure
(arrangements for shared platforms, corridor development),
economic diversification
(industrial policy, training, local procurement),
environmental management
(climate change resilience and adaptation, avoidance and management of catastrophic ecology events), and
economical development
(community date, investing in development).

We are thankful for the very loftier involvement in this crucial topic. We welcome yous as our new students. Relish the class!  And share your feedback with us.

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