Fact or fiction: harmonising and unifying legal principles of local content requirements
| Autor: | Berryl Claire Asiago |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Value (ethics)
business.industry Process (engineering) Economic policy 020209 energy Fossil fuel Variance (land use) 02 engineering and technology 010501 environmental sciences 01 natural sciences Popularity Goods and services Economy Order (exchange) 0202 electrical engineering electronic engineering information engineering Economics business Content (Freudian dream analysis) Law 0105 earth and related environmental sciences Energy (miscellaneous) |
| Zdroj: | Journal of Energy & Natural Resources Law. 34:337-360 |
| ISSN: | 2376-4538 0264-6811 |
| DOI: | 10.1080/02646811.2016.1183431 |
| Popis: | The ambition to develop oil and gas activities continues to determine what policy instruments governments formulate in the process. Presently governments tend to overhaul their outdated regulatory frameworks in order to secure socio-economic developments for their citizens. One recent policy that has attracted global popularity is the local content requirements in the oil and gas sectors. Local content is a policy tool utilised by governments to generate economic benefits for the local economy, which go beyond fiscal benefits. Local content means the value addition brought to an economy. It includes achieving certain local percentages of labour, goods and services within the oil and gas sectors. Conversely, while there is little variance over the reasons why countries encourage the use of local content, there is hardly a universal definition of what ‘local’ actually covers, nor is there agreement on what the ‘content’ should be. Notably the ongoing debate over the implementation of local content objective... |
| Databáze: | OpenAIRE |
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