The Russian Federation has one of the
richest natural resource endowments in the world. Despite
their importance in the Russian economy, natural resources
do not contribute as much as they could to public revenues.
Large resource rents (excess payments, or above-normal
profits generated by natural resources in scarce supply) are
dissipated through subsidies and wastage, or appropriated by
private interests. Failure to tax this rent means that taxes

This is covers land administration and
reform in Sub-Saharan Africa, and is highly relevant to all
developing countries around the world. It provides simple
practical steps to turn the hugely controversial subject of
"land grabs" into a development opportunity by
improving land governance to reduce the risks of
dispossessing poor landholders while ensuring mutually
beneficial investors' deals. This book shows how Sub

Lao PDR's economic outlook remains favorable, with continued strong growth. Gross domestic product (GDP) growth remained at above 7 percent in 2007. Output expanded in mining, newly emerging processing industries, agriculture, and new construction of hydropower projects, tourism and other services. Non-resource sectors contributed over 5 percent to this growth, and the resource sector around 2.5 percent.

The authors explore the use of
cross-sectional analysis to measure the impacts of climate
change on agriculture. The impact literature, using
experiments on crops in laboratory settings combined with
simulation models, suggests that agriculture will be
strongly affected by climate change. The extent of these
effects varies by country and region. Therefore, local
experiments are needed for policy purposes, which becomes

This paper examines the channels through
which alternative property rights institutions affect
investment. These institutions are defined by a
society's enforced laws, regulations, governance
mechanisms and norms concerning the use of resources. A
transaction cost framework is used to analyze the incentive
impact of various types of property rights, liability rules,
and rules regarding contracts. This framework is used to

The report analyzes poverty incidence in
India and in particular, in Uttar Pradesh (UP), and defines
its poverty levels, trends, and vulnerability. While UP once
appeared positioned to be the pace-setter for India's
economic, and social development in light of its rich
potential in human, and natural resources, economic growth
faltered in the 1990s. UP fell behind India's better
performing states, and, despite a recent acceleration in

This report brings together lessons from previous studies, supplemented by new analysis. It frames the challenges facing the rural and agri-food sector in the Western Balkans to illustrate the directions for policies, now and in the future. Part one looks at the characteristics of the rural and agri-food sector today, its potential and its obstacles. Part two looks at the future of the agri-food sector and rural space.

This study is timely because several investments are planned for container terminals in Sub-Saharan Africa. From a public policy perspective, disentangling the reasons behind cargo delays in ports is crucial to understanding:a) whether projects by the World Bank and other donors have addressed the most salient problems; and b) whether institutional port reform and infrastructure, sometimes complemented by customs reform, are the most appropriate approaches or should be adapted.

After five consecutive years of robust growth, the total value of the global carbon market stalled at $142 billion. Suffering from the lack of post-2012 regulatory clarity, the value of the primary Clean Development Mechanism (CDM) market fell by double-digits for the third year in a row, ending lower than it was in 2005, the first year of the Kyoto protocol. The Assigned Amount Unit (AAU) and the United States Regional Greenhouse Gas Initiative (RGGI) markets shrank as well.

The carbon market is the most visible result of early regulatory efforts to mitigate climate change. Regulation constraining carbon emissions has spawned an emerging carbon market that was valued at US$64 billion (Euro 47 billion) in 2007. Its biggest success so far has been to send market signals for the price of mitigating carbon emissions. This, in turn, has stimulated innovation and carbon abatement worldwide, as motivated individuals, communities, companies and governments have cooperated to reduce emissions.

Carbon transactions are defined as purchase contracts or ERPAs (Emission Reductions Purchase Agreements) whereby one party pays another party in return for greenhouse gas (GHG) emissions reductions that the buyer can use to meet its compliance or corporate citizenship - objectives vis-a-vis GHG mitigation. Payment is made using one or more of the following forms: cash, equity, debt, or in-kind contributions.

Many African countries have thin energy and industrial sectors with limited opportunities to reduce carbon emissions, certainly relative to countries such as China and India. Carbon sequestration from avoided deforestation and from agriculture--potentially important areas for climate mitigation and important in many African economies--has been systematically excluded from the Clean Development Mechanism (CDM).