The perceived potential of clean energy to support employment in the post-crisis recovery context has led several OECD and emerging economies to design green industrial policies aimed at protecting domestic manufacturers, notably through local-content requirements (LCRs). These typically require solar or wind developers to source a specific share of jobs, components or costs locally. Such requirements have been designed or implemented in the solar- and wind-energy sectors in at least 21 countries, including 16 OECD countries and emerging economies, mostly since 2009.
Empirical evidence gathered in this report shows however that LCRs have actually hindered international investment across the solar PV and wind-energy value chains, by increasing the cost of inputs for downstream activities. This report also takes stock of other measures that can restrict international investment in solar PV and wind energy, such as trade remedies and technical barriers. This report provides policy makers with evidence-based analysis to guide their decisions in designing clean-energy support policies.
Le Cadre d’action pour l’investissement mobilise l’investissement privé en faveur de la croissance économique et du développement durable, contribuant ainsi au bien-être économique et social des personnes dans le monde. Il vise également à faire avancer la mise en oeuvre des Objectifs du Développement Durable et à contribuer à mobiliser du financement pour le développement en appui de l’agenda post-2015.
An updated version of the Policy Framework for Investment (PFI) was released in 2015. The update reflects new global economic fundamentals that have emerged over the last 10 years and takes into account the numerous lessons learnt through the use of the PFI, particularly in developing and emerging economies.
Les Ministres des pays de l’OCDE ont entériné des lignes directrices actualisées visant à aider les autorités nationales et les groupements régionaux à créer les conditions propres à attirer l’investissement national et étranger.
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This compilation of blogs written about the social, economic, and policy aspects of international investment. This compilation was prepared for the OECD's 2015 Ministerial Council Meeting.
Le Conseil recommande l’usage du Cadre : pour faciliter la cohérence à tous les niveaux de gouvernement pour une meilleure formulation et mise en œuvre des politiques ; comme outil pour l’auto-évaluation, les examens par les pairs et le partage des connaissances et d’expérience, la coopération régionale et les discussions multilatérales sur les politiques relatives à l’investissement
The greatest puzzle today is that since the global crisis financial markets see so little risk, with asset prices rising everywhere in response to zero interest rates and quantitative easing, while companies that invest in the real economy appear see so much more risk. What can be happening?
This Investment Policy Review examines Nigeria's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.
Since the return to democracy in 1999, Nigeria has embarked upon an ambitious reform programme towards greater economic openness and liberalisation. As a result, gross domestic product growth picked up consistently, never going below 5% since 2003. Nigeria has become a top recipient of foreign direct investment in Africa, with inflows having surpassed those to South Africa since 2009. The federal government’s Transformation Agenda recognises private sector development as the main engine for economic growth and includes bold investment reforms. Growth has however not yet been translated into inclusive development and the investment climate still suffers from severe challenges.
This Investment Policy Review examines Nigeria’s investment policies in light of the OECD Policy Framework for Investment (PFI), a tool to mobilise investment in support of economic growth and sustainable development. It provides an assessment and policy recommendations on different areas of the PFI: investment policy; investment promotion and facilitation; trade policy; infrastructure investment; competition; corporate governance and financial sector development. It also includes a special chapter analysing the PFI in Lagos State. The Review follows on the request addressed by the Minister of Industry, Trade and Investment of Nigeria to the OECD Secretary-General in December 2011. It has been prepared in close co-operation with the Federal Government of Nigeria and Lagos State Government.
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This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.