Going Global, Going Green

Total Page:16

File Type:pdf, Size:1020Kb

Going Global, Going Green Going Global, Going Green CCICED on Investment, Trade, and Environment GOING GLOBAL, GOING GREEN – China Investment, Trade and Environment By Pan Jihua and John M. Forgach ISBN: 978-1-894784-55-9 © 2012, China Council for International Cooperation on Environment and Development CCICED Secretariat: No. 5 Houyingfang Hutong, Xicheng District, Beijing 100035, China Tel: (8610) 8226 8651 Fax: (8610) 8220 0535 Web site: www.cciced.net The China Council for International Cooperation on Environment and Development (CCICED) is a high-level, non-profit, international advisory body established with the approval of the Chinese Government in 1992. The main functions of the CCICED are: exchanging and disseminating successful international experiences in the field of environment and development; studying key environment and development issues in China; advancing forward- looking, strategic, and precautionary policy recommendations to the leaders of the Chinese government and policy-makers at all levels; and support- ing and facilitating the implementation of sustainable development strategies, and the development of a resource-saving and environmentally friendly society in China. This book summarizes the work of the CCICED Task Force on Investment, Trade, and Environment. The two authors, who served as Chinese and International co-chairs, were supported by 10 Task Force members, all serving in their personal capacity, plus a number of researchers and two very helpful coordinators. In addition, there were cooperating teams in both Indonesia and Africa. All of these contributors are acknowledged in the text. The work was carried out during 2010 and 2011, with a final report submitted to the CCICED in November 2011. Key recommendations were sub- mitted to the government of China in December 2011. The authors wish to thank the CCICED Secretariat and its International Support Office, the Chief Advisors to CCICED, Prof. Shen Guofang and Dr. Arthur Hanson, for their input and advice, and the members of the CCICED for their interest and help at various stages. Several individuals associated with the IISD participated in the work. IISD wishes to highlight the product since it is significant to its own mission, and to furthering long-standing cooperation with CCICED on trade and environment issues. Published by the International Institute for Sustainable Development. Head Office: 161 Portage Avenue East, 6th Floor, Winnipeg, Manitoba, Canada R3B 0Y4 Tel: +1 (204) 958-7700 | Fax: +1 (204) 958-7710 | Web site: www.iisd.org The International Institute for Sustainable Development (IISD) contributes to sustainable development by advancing policy recommendations on international trade and investment, economic policy, climate change and energy, and management of natural and social capital, as well as the enabling role of communication technologies in these areas. We report on international negotiations and disseminate knowledge gained through collaborative projects, resulting in more rigorous research, capacity building in developing countries, better networks spanning the North and the South, and better global connections among researchers, practitioners, citizens and policy-makers. IISD’s vision is better living for all—sustainably; its mission is to champion innovation, enabling societies to live sustainably. IISD is registered as a charitable organization in Canada and has 501(c)(3) status in the United States. IISD receives core operating support from the Government of Canada, provided through the Canadian International Development Agency (CIDA), the International Development Research Centre (IDRC) and Environment Canada, and from the Province of Manitoba. The Institute receives project funding from numerous governments inside and outside Canada, United Nations agencies, foundations and the private sector. This book was printed on recycled paper. Task Force Members Co-chairs* • Jiahua Pan, Director and Researcher, Institute for Urban Development and Environmental Studies, Chinese Academy of Social Sciences • John M. Forgach, McKluskey Fellow, Yale University Graduate School of Forestry & Environmental Studies, Chairman of ForestRe Ltd, U.K. Task Force Members* • Shantong Li, Research Fellow, Department of Development Strategy and Regional Economy, Development Research Center of the State Council • Guomei Zhou, Deputy Director, China – ASEAN Environmental Cooperation Center • Yansheng Zhang, Director of the Institute for International Economics Research of the National Development and Reform Commission • Yuyan Zhang, Director and Researcher, Institute of World Economics & Politics, Chinese Academy of Social Sciences • David Runnalls, Former President of the International Institute for Sustainable Development; Distinguished Fellow, Centre for International Governance Innovation; Acting Director, Sustainable Prosperity • Simon Zadek, Senior Fellow, Global Green Growth Institute; Senior Fellow, Centre for International Governance Innovation • Motoko Aizawa, Sustainability Advisor, Business Advisory Services Vice Presidency, International Finance Corporation • Valli Moosa, South African Member of the CCICED and Former South African Minister of Environmental Affairs and Tourism • Ismid Hadad, Senior Advisor on Climate Finance and Carbon Trade, Indonesia’s National Council for Climate Change • Li Lin, Deputy Representative at the World Wildlife Fund (WWF) China Research Support Team • Ying Chen, Head and Research Fellow, Research Office of Sustainable Development, Institute for Urban Development and Environmental Studies, Chinese Academy of Social Sciences • Jianping Zhang, Director and Research Fellow, Institute for International Economics Research, National Development and Reform Commission • Tao Hu, Research Fellow, Policy Research Center, Ministry of Environmental Protection • Xia Li, Associate Research Fellow, China – ASEAN Environmental Cooperation Center • Jianwu He, Associate Research Fellow, Development Research Center of the State Council • Ying Zhang, PhD, Institute for Urban Development and Environmental Studies, Chinese Academy of Social Sciences 1 • Zhe Liu, PhD, Institute for Urban Development and Environmental Studies, Chinese Academy of Social Sciences • Laihui Xie, PhD, the Institute of World Economics & Politics, Chinese Academy of Social Sciences • Changyi Liu, PhD candidate, Institute for Urban Development and Environmental Studies, Chinese Academy of Social Sciences Coordinators • Ying Chen, Head and Research Fellow, Research Office for Sustainable Development, Institute for Urban Development and Environmental Studies, Chinese Academy of Social Sciences • Huihui Zhang, Project Manager, International Institute for Sustainable Development * Co-Chairs and Task Force members serve in their personal capacities. 2 Background Significant progress has been made in achieving sustainable development in China, but there are still many challenges ahead. In this study we examine the impact of international investment and trade on the environment and analyze how China could leverage its international trade and investment activities to advance a “green shift” of the economy. The China Council for International Cooperation on Environment and Development (CCICED) has carried out numerous related studies over the years, including research into the illegal trade of endangered species in China; China’s application for accession to the World Trade Organization (WTO) and its impact on the environment; international environmental certification standards; environment-related non-tariff trade barriers; and an environmental analysis of the value chain of certain commodities. However, as the country increases its global presence, the nature of its trade is evolving. China must carefully measure how it can mitigate the current and potential environmental impacts of this changing landscape. China must also manage a rapidly growing volume of goods traded and produced through its investment activities. The impacts on the environment are continuously changing, and the role of these activities vis-à-vis sustainable development is becoming more complex to understand by the day. The rules of the game must also be constantly examined; the non-stop review of regulations and their environmental provisions has made compliance more challenging. It is important to pay close attention to this rule-making process as some of the new measures could lead to new rounds of green protectionism. Following these changing policy dynamics is essential for a country like China, which is not only a latecomer to the business of international investment and trade but has become one of the major players in international trade and investment. In such a dynamic context, China must rapidly identify the changing opportunities to implement new trading and investment policies that will help accelerate its shift towards the green development goals it has established for itself. As energy and natural resources become scarce and expensive, it is imperative that China make use of its strategic position as a large emerging economy in transition to engage in the green transformation process. This engagement will help the country achieve clean, sustainable, and competitive economic development. As it engages in the process of “going global,” China must embrace its responsibilities as a leading player and become a proactive actor in promoting its environmental programs both at home and abroad. China’s policies for absorbing foreign direct investment (FDI) have started to change. However, a much greater
Recommended publications
  • Enhancing Sustainable Development of Diverse Agriculture in Indonesia” As a Result of the First Phase of the Indonesian Country Study of the Project
    Table of Contents Page List of Tables .............................................................................................................. vii List of Figures .............................................................................................................. ix List of Abbreviations ..................................................................................................... xi Foreword ....................................................................................................................... xiii Acknowledgements ...................................................................................................... xv Executive Summary ...................................................................................................... xvii 1. General Introduction 1.1 Background and justification ..................................................................... 1 1.2 Study objectives ........................................................................................ 3 1.3 Scope of the study .................................................................................... 3 2. General Conceptual Framework and Research Methods 2.1 General conceptual framework ................................................................. 5 2.2 Research methods .................................................................................... 6 3. The Demography, Economy, Agriculture and Environment of Indonesia 3.1 Demographic profiles ...............................................................................
    [Show full text]
  • Report on Biodiversity and Tropical Forests in Indonesia
    Report on Biodiversity and Tropical Forests in Indonesia Submitted in accordance with Foreign Assistance Act Sections 118/119 February 20, 2004 Prepared for USAID/Indonesia Jl. Medan Merdeka Selatan No. 3-5 Jakarta 10110 Indonesia Prepared by Steve Rhee, M.E.Sc. Darrell Kitchener, Ph.D. Tim Brown, Ph.D. Reed Merrill, M.Sc. Russ Dilts, Ph.D. Stacey Tighe, Ph.D. Table of Contents Table of Contents............................................................................................................................. i List of Tables .................................................................................................................................. v List of Figures............................................................................................................................... vii Acronyms....................................................................................................................................... ix Executive Summary.................................................................................................................... xvii 1. Introduction............................................................................................................................1- 1 2. Legislative and Institutional Structure Affecting Biological Resources...............................2 - 1 2.1 Government of Indonesia................................................................................................2 - 2 2.1.1 Legislative Basis for Protection and Management of Biodiversity and
    [Show full text]
  • WEPA Outlook on Water Environmental Management in Asia 2012
    Ministry of the Environment WEPA Outlook on 2012 Water Environmental Management WEPA Outlook on Water Environmental Management in Asia 2012 Water Environment Partnership in Asia (WEPA) Ministry of the Environment, Japan Institute for Global Environmental Strategies (IGES) Outlook on Water Environmental Management in Asia 2012 Copyright © 2012 Ministry of the Environment, Japan. All rights reserved. No parts of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without prior permission in writing from Ministry of the Environment Japan through the Institute for Global Environment Strategies (IGES), which serves as the WEPA Secretariat. ISBN: 978-4-88788-108-2 This publication is made as a part of WEPA and published by the Institute for Global Environmental Strategies (IGES). Although every effort is made to ensure objectivity and balance, the publication of study results does not imply WEPA partner country’s endorsement or acquiescence with its conclusions. Ministry of the Environment, Japan 1-2-2 Kasumigaseki, Chiyoda-ku, Tokyo, 100-8795, Japan Tel: +81-(0)3-3581-3351 http://www.env.go.jp/en/ Institute for Global Environmental Strategies (IGES) 2108-11 Kamiyamaguchi, Hayama, Kanagawa, 240-0115, Japan Tel: +81-(0)46-855-3700 http://www.iges.or.jp/ The research team for WEPA Outlook 2012 includes the following IGES members: [Drafting team] Yatsuka Kataoka, Director, Freshwater Sub-group Tetsuo Kuyama,
    [Show full text]
  • Strengthening Forest Management in Indonesia Through Land Tenure Reform
    STRENGTHENING FOREST MANAGEMENT IN INDONESIA THROUGH LAND TENURE REFORM: ISSUES AND FRAMEWORK FOR ACTION The World Bank COLLABORATING INSTITUTIONS Forest Trends (http://www.forest -trends.org): Forest Trends is a Washington, D.C.-based nonprofit organization advocating market-based approaches to conserving forests outside of protected areas. In addition to promoting markets for some of the ecosystem services provided by forests, Forest Trends also supports markets for sustainably-produced forest products and markets that bolster the livelihoods of forest-based communities. To promote these markets, Forest Trends brings together leading agents in industry and finance with representatives from governments and non-governmental organizations (NGOs) concerned with forests. In addition, Forest Trends generates and disseminates critical World Agroforestry Centre (http://www.worldagroforestrycentre.org): The World Agroforestry Center (ICRAF), headquartered in Nairobi, Kenya, is part of the Consultative Group on International Agricultural Research. ICRAF’s primary mission is to advance the science and practice of agroforesty and in doing so, transform the lives and landscapes of the rural poor in developing countries. ICRAF operates in over 20 countries throughout the tropics. ICRAF program research areas are Land and People, Trees and Markets, Environmental Services and Strengthening Institutions Policy research cross-cuts each of these programs. AUTHOR CONTACTS Dr. Arnoldo Contreras-Hermosilla ([email protected]) is a forest governance analyst
    [Show full text]
  • How Greenpeace Is Ending Deforestation in Indonesia 2003
    DOWN HOW GREENPEACE IS ENDING DEFORESTATION TO IN INDONESIA ZERO 2003–2013 AND BEYOND II DOWN TO ZERO ‘There are plenty of situations where in-your-face activism has a role. A case in point has been environmental campaigns against companies pressing into Asia’s last rain forest frontiers. A headline is sometimes enough to convey a big development, and that was the case earlier this week with this news release from Indonesia’s largest paper and pulp company: “Asia Pulp & Paper Group (APP) Commits to an Immediate Halt to All Natural Forest Clearance.” The move followed intensifying pressure from Greenpeace and other environmental groups, which had exposed destructive practices starting with a 2010 report, “Pulping the Planet”. Greenpeace and its allies applied pressure in two ways: illuminating what was happening in forest refuges for Southeast Asia’s imperiled orangutans and tigers but also identifying which paper users – brands as big as Xerox and Adidas – were contributing to the destruction. In parts of Southeast Asia, on-the-ground examination of industry practices can be dangerous work, whether done by local campaigners or journalists… There’ve been times when I’ve decried Greenpeace tactics … But in this case, I think the effort deserves a round of applause.’ Andrew Revkin, ‘Activism at Its Best: Greenpeace’s Push to Stop the Pulping of Rain Forests’, The New York Times, 8 February 2013 DOWN TO ZERO HOW GREENPEACE IS ENDING DEFORESTATION IN INDONESIA 2003–2013 AND BEYOND ©Greenpeace 2013 Published by Greenpeace South East Asia – Indonesia Printed in the UK on 100% recycled, FSC-certified paper Jl.
    [Show full text]
  • Primary Forest Cover Loss in Indonesia Over 2000–2012
    ARTICLES PUBLISHED ONLINE: 29 JUNE 2014 | DOI: 10.1038/NCLIMATE2277 Primary forest cover loss in Indonesia over 2000–2012 Belinda Arunarwati Margono1,2*, Peter V. Potapov1, Svetlana Turubanova1, Fred Stolle3 and Matthew C. Hansen1 Extensive clearing of Indonesian primary forests results in increased greenhouse gas emissions and biodiversity loss. However, there is no consensus on the areal extent and temporal trends of primary forest clearing in Indonesia. Here we report a spatially and temporally explicit quantification of Indonesian primary forest loss, which totalled over 6.02 Mha from 2000 to 2012 and increased on average by 47,600 ha per year. By 2012, annual primary forest loss in Indonesia was estimated to be higher than in Brazil (0.84 Mha and 0.46 Mha, respectively). Proportional loss of primary forests in wetland landforms increased and almost all clearing of primary forests occurred within degraded types, meaning logging preceded conversion processes. Loss within ocial forest land uses that restrict or prohibit clearing totalled 40% of all loss within national forest land. The increasing loss of Indonesian primary forests has significant implications for climate change mitigation and biodiversity conservation eorts. ropical deforestation from developing countries1, including the form of plantations or oil palm estates, resulting in a complicated Indonesia2,3, contributes to emissions of greenhouse landscape of forest cover change. The objective of the presented Tgases, principally carbon dioxide, the primary driver of study is to bring improved context to the Indonesian forest cover global warming1,3. Primary forest clearing also results in the change dynamic by quantifying the portion of gross forest cover loss loss of biodiversity due to the destruction of unique tropical that occurred within primary forests from 2000 through 2012.
    [Show full text]
  • 2012 Regional Environmental Security Conference
    Finished size: 9” x 13”, fold to 9”x6”, full bleed [This page left intentionally blank.] - 1 - [This page left intentionally blank.] - 2 - - 3 - [This page left intentionally blank.] - 4 - ACKNOWLEDGEMENTS The U.S. Pacific Command would like to acknowledge the following team members that supported the successful execution of the 2012 Regional Environmental Security Conference. United States of America 1. Mr. Christopher Sholes, Environmental Program Manager, USPACOM J4 2. Col Raymond Tsui, USPACOM J4, Theater Contingency Engineering Management 3. Lt Col Kevin Thomas, USPACOM J4, Theater Contingency Engineering Management 4. LCDR Christopher M. Giacomaro, Chief, Navy Programs, Office of Defense Cooperation, U.S. Embassy - Jakarta 5. LN1 Gabriela Guerrero, USPACOM J4, Theater Contingency Engineering Management 6. Mr. Justin Pummell, Geographer, U.S. Army Corps of Engineers, Institute for Water Resources 7. Ms. Dely Tjahjana, Navy Programs Support Specialist, Office of Defense Cooperation, U.S. Embassy - Jakarta Republic of Indonesia 1. Mr. Rasio Ridho Sani, Director, Bureau for Planning and International Cooperation, Ministry of Environment, Republic of Indonesia 2. Ms. Gracia Paramitha, Environmental Specialist, Bureau for Planning and International Cooperation, Ministry of Environment, Republic of Indonesia - 5 - [This page left intentionally blank.] - 6 - TABLE OF CONTENTS Foreword ……………………………………………………………………………………………………. 11 Executive Summary Event Dates ………………………………………………………………………………….. 13 Event Location ………………………………………………………………………………
    [Show full text]
  • The Case of Surabaya City
    PLANNING AND IMPLEMENTATION OF INTEGRATED SOLID WASTE MANAGEMENT STRATEGIES AT LOCAL LEVEL: THE CASE OF SURABAYA CITY May 2017 This study identified the following factors as critical for replication: Bottom up meets top down 1. INTRODUCTION approaches – city government facilitating voluntary work by After solid waste generation peaked at 2,000 tonnes per day and the closure stakeholders of one of city’s landfills led to waste being piled on the streets, the City of Surabaya started implementing community based solid waste management. Capacity building – all This started as an initial partnership on a community composting project stakeholders have undertaken training to improve skills and between the city, a local NGO and the City of Kitakyushu, Japan but has since increase knowledge expanded to include the development of both physical and social infrastructure such as composting centres and temporary collection stations Public-private partnership – city as well as greater local engagement through community contests and the government encourages establishment of waste banks. Due to these efforts and achievements, the investment in waste management City of Surabaya has won both national and international recognition as a facilities model for other cities to follow despite facing a number of challenges. This National level support – national case study describes the key activities carried out, major results achieved, government policies and main lessons learned and provides recommendations for future actions. guidelines have further strengthened and assisted efforts This Case Study is published by the IGES Centre Collaborating with UNEP on Environmental Technologies (CCET) with the support of the United Nations Environment Programme (UN Environment) in April 2017.
    [Show full text]
  • Burning Paradise the Oil Palm Practices of Korindo in Papua and North Maluku
    Burning Paradise The oil palm practices of Korindo in Papua and North Maluku Commissioned by Mighty, the Korea Federation for Environmental Movements, SKP-KAMe Merauke and PUSAKA August 2016 Photo: Pristine forest in Papua © Greenpeace / Ardiles Rante, 2008 Photo: Korindo having cleared forest for oil palm in Papua © Mighty; 4 June 2016; Latitude 6°45'43.49"S, Longitude 140°48'27.70"E; Credit: Yudhi Mahendra 2 Colophon Aidenvironment report: Burning Paradise: The oil palm practices of Korindo in Papua and North Maluku Commissioned by: Mighty, the Korea Federation for Environmental Movements, SKP-KAMe Merauke and PUSAKA Date: August 2016 Mighty: Address: 2000 M St NW #720, Washington, DC 20036, United States. E-mail: [email protected] Cover photo: Smoke rising from burning wood rows in Korindo’s PT Berkat Cipta Abadi concession ©Ardiles Rante/Greenpeace; 26 March 2013 Aidenvironment Jalan Burangrang No. 18 Bogor 16153, West Java, Indonesia +62 (0) 251 837 1219 E-mail: [email protected] www.aidenvironment.org Aidenvironment is part of Stichting AERA, registered at the Chamber of Commerce of Amsterdam in the Netherlands, number 41208024 3 Burning paradise: The oil palm practices of Korindo in Papua and North Maluku Executive summary 5 Foreword 7 1. Korindo’s oil palm businesses 9 1.1 Plantations 9 1.2 Introduction to Papua 11 1.3 Introduction to South Halmahera 12 2. Practices and sustainability commitments 13 2.1 Practice: extensive deforestation 13 2.2 Practice: systematic use of fire to clear land 15 2.3 Practice: denial of community rights 18 2.4 Forests at risk of being cleared 20 2.5 Commitments 21 3.
    [Show full text]
  • 103486 Public Disclosure Authorized Public Disclosure Authorized
    103486 Public Disclosure Authorized Public Disclosure Authorized STRENGTHENING FOREST MANAGEMENT IN INDONESIA THROUGH LAND TENURE Public Disclosure Authorized REFORM: ISSUES AND FRAMEWORK FOR ACTION Public Disclosure Authorized The World Bank COLLABORATING INSTITUTIONS Forest Trends (http://www.forest -trends.org): Forest Trends is a Washington, D.C.-based nonprofit organization advocating market-based approaches to conserving forests outside of protected areas. In addition to promoting markets for some of the ecosystem services provided by forests, Forest Trends also supports markets for sustainably-produced forest products and markets that bolster the livelihoods of forest-based communities. To promote these markets, Forest Trends brings together leading agents in industry and finance with representatives from governments and non-governmental organizations (NGOs) concerned with forests. In addition, Forest Trends generates and disseminates critical World Agroforestry Centre (http://www.worldagroforestrycentre.org): The World Agroforestry Center (ICRAF), headquartered in Nairobi, Kenya, is part of the Consultative Group on International Agricultural Research. ICRAF’s primary mission is to advance the science and practice of agroforesty and in doing so, transform the lives and landscapes of the rural poor in developing countries. ICRAF operates in over 20 countries throughout the tropics. ICRAF program research areas are Land and People, Trees and Markets, Environmental Services and Strengthening Institutions Policy research cross-cuts
    [Show full text]
  • Cbd.Int Website
    The Convention on Biological Diversity Year in Review 2009 The Convention on Biological Diversity YEAR IN REVIEW 2009 Published by the Secretariat of the Convention on Biological Diversity ISBN: 92-9225-124-4 Copyright © 2010, Secretariat of the Convention on Biological Diversity The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the Convention on Biological Diversity concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The views reported in this publication do not necessarily represent those of the Convention on Biological Diversity. This publication may be reproduced for educational or non-profi t purposes without special permission from the copyright holders, provided acknowledgement of the source is made. The Secretariat of the Convention would appreciate receiving a copy of any publications that use this document as a source. Citation: Secretariat of the Convention on Biological Diversity (2010). Year in Review 2009. Montreal, 42 pages. For further information, please contact: Secretariat of the Convention on Biological Diversity World Trade Centre 413 St. Jacques Street, Suite 800 Montreal, Quebec, Canada H2Y 1N9 Phone: 1 (514) 288 2220 Fax: 1 (514) 288 6588 E-mail: [email protected] Website: www.cbd.int The Convention on Biological Diversity: Year in Review 2009 was edited, researched and compiled by Johan Hedlund, CBD Secretariat Design & typesetting: Em Dash Design Cover Photo: Australasian gannet colony, Hawkes Bay area, New Zealand. Photo courtesy of the Ministry for the Environment New Zealand/Rod Morris.
    [Show full text]
  • Financing Waste Infrastructure in Indonesia
    Financing waste infrastructure in Indonesia September 2020 Commissioned by Contents Foreword 3 About this report 4 Acknowledgements 5 Executive summary 7 1. Introduction 10 1.1 The challenge of plastics 11 1.2 Green finance is a strategic solution for the region 18 1.3 Solving the global plastics pollution challenge starts in South East Asia 25 1.4 Report outline and approach 26 2. A vision for Indonesia: plastic is a resource 27 2.1 Scale of the challenge and costs of mismanaged waste 28 2.2 Building on Indonesia’s strengths 30 2.3 Indonesia’s investment landscape 38 2.4 Waste is a resource: unlocking economic opportunities 44 3. Plastic production, management and financing 54 3.1 Understanding the waste journey 55 3.2 Containment and collection 58 3.3 Sorting 62 3.4 Recycling 66 3.5 Waste to Energy 72 3.6 Landfills 75 3.7 Dumping, leakage and plastic pollution 77 3.8 Downstream markets for recycled plastics 78 4. Key challenges and solutions 83 Theme 1: Building capability to plan for and manage waste 86 Theme 2: Developing supportive frameworks for attracting investments 91 Theme 3: Connecting supply chains 92 Theme 4: Expanding end markets 96 A note on currency risk 98 Recommendations for phase 2 99 Disclaimer 101 Contacts 103 Page 3 As countries around the world start to emerge from COVID- Foreword 19-induced lockdown, investors and governments are radically reappraising their aspirations and assumptions for 2020 and beyond. Charting a pathway to recovery will be challenging. Yet our shared goal of building back better is creating a unique opportunity to align investor action with government-led policy direction.
    [Show full text]