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1.1.3c Extraction of non-renewable resources by extractive industries -…
1.1.3c Extraction of non-renewable resources by extractive industries
Characteristics of extractive industries
Extraction of non-renewable and locationally specific resources
Capital and technology intensive
Dominated by large private and state-owned firms
Very volatile market
Specific case studies
Petroleum industry in Nigeria
Petroleum industry in Norway
Strategies to manage impacts of extractive industries
Economic impacts
Economic diversification
Transparent sovereign wealth fund
Fostering the development of local businesses
Boosting local job creation
Environmental impacts
Environmental impact assesments
Carbon tax
Pollution management
Oil spill response and cleanup
Air quality monitoring and emission control
Water management
Waste management
Social impacts
Education
Healthcare services and facilities
Occupational health and safety
Public awareness
Human rights protection
Impacts of extractive industries
Positive
Economic impacts
Poverty reduction
Job creation
Skill development
Revenue for the govt
Economic growth
Infrastructure development
Foreign investment
Environmental impacts
Contributes to transition to renewable energy
Funding conservation efforts
Drives research and innovation in environmental monitoring and management
Social impacts
Revenue for public services
Infrastructure development
Improved livelihoods
Improved connectivity to remote areas
Negative
Economic impacts
Price volatility
Dutch Disease
Commodity cycles
Limited diversification
Limited local linkages
Cost of addressing environmental degradation
Limited job creation beyond certain stages
Resource curse
Environmental impacts
Habitat destruction
Deforestation
Soil degradation
Pollution (air, noise, water)
Water stress
Climate change
Waste generation
Social impacts
Displacement and relocation of communities
Conflict between community and company
Expatriate workers disrupt cultural practices and social structures
Health and safety concerns
Male-dominated
Human rights abuses
Inequality
Loss of livelihoods due to negative environmental impacts