Natural Resource Governance Institute
For The Natural Resource Charter Project
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Amount$200,000
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Program
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Date Awarded3/21/2012
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Term12.0 Months
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Type of SupportProject
Overview
Support to the Revenue Watch Institute’s (RWI) Natural Resource Charter project will help establish a global set of best practices that countries rich in resources like oil and precious minerals can use to manage their revenues wisely. RWI has brought together experts from academia, industry, civil society, and the development practitioner community to forge an international consensus on natural resource governance. In this second phase, Revenue Watch will further disseminate the Charter, promote it, conduct additional research to update the guidance, provide training to implement the principles, and establish benchmarks for achieving compliance. Revenue Watch will also guide an institutionalization process to establish the Charter as an independent organization.
About the Grantee
Grantee Website
www.resourcegovernance.org
Address
88 Pine Street (Wall Street Plaza), Suite 540, New York, NY, 10005, United States
Grants to this Grantee
for general operating support
The Natural Resource Governance Institute envisions a world where natural resources enable fair, prosperous, and sustainable societies, instead of undermining them, and supports informed, inclusive decision making about natural resources and the energy transition. The institute assists resource-rich developing countries to: (a) minimize harms and equitably benefit from the growing demand for transition minerals used in critical green technologies; (b) build inclusive economies that end dependence on fossil fuel extraction and advance a just energy transition; and (c) manage revenues from natural resources accountably, in accordance with citizen priorities. (Substrategy: Transition Minerals)
for general operating support
The Natural Resource Governance Institute promotes effective management of oil, gas, and mineral endowments to ensure that citizens of resource-rich countries benefit from these resources. At the country level, the institute works with local partners to provide training, technical assistance, and evidence to inform and improve policies and decisions about natural resource extraction and revenue allocation and use. The institute also contributes to strengthening international governance and transparency norms, notably the Extractive Industry Transparency Initiative and Open Government Partnership, and promotes uptake of those norms at the country level. The institute works in 12 resource-rich countries to accelerate the energy transition, ensure that governments get a good deal from natural resource contracts, minimize resource dependency, and address state capture. The institute also deepens implementation of the Extractive Industries Transparency Initiative requirements; promotes data use by civil society, media, and citizen groups for advocacy; and generates evidence to inform reforms of state-owned extractive companies. (Strategy: Inclusive Governance)
