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Lisa Sachs, Patrick Heller, and NR Faculty

Natural resources represent a potentially transformational opportunity to support development but are ultimately finite How do we make the most of them without destroying the planet? In this 12-week course, produced by the Natural Resource Governance Institute, the Columbia Center on Sustainable Investment and the World Bank, learn about efforts to sustainably manage extractive industry investments. You will come to understand the complex and interwoven aspects of natural resource governance and become part of a global movement of citizens and practitioners committed to harnessing the transformational impacts of our natural resources.

Read more

Natural resources represent a potentially transformational opportunity to support development but are ultimately finite How do we make the most of them without destroying the planet? In this 12-week course, produced by the Natural Resource Governance Institute, the Columbia Center on Sustainable Investment and the World Bank, learn about efforts to sustainably manage extractive industry investments. You will come to understand the complex and interwoven aspects of natural resource governance and become part of a global movement of citizens and practitioners committed to harnessing the transformational impacts of our natural resources.

This course is for:

  • Sustainable development practitioners – as well as private-sector actors, such as those who work in corporate sustainability and responsibility or renewable energy – who need a historical context of the extractives industry and its evolution
  • Extractive practitioners, such as those who work in oil, gas and mining, who are interested in making the field more sustainable
  • Graduate students and advanced undergraduate students studying extractives, environmental science, environmental law, sustainable development, sustainable business and related fields
  • Climate change activists or practitioners looking to understand the balance of sustainable resource use and business investment

What's inside

Learning objectives

  • How countries translate natural resource wealth into sustainable development outcomes
  • How governance of extractive industries impact long term economic development
  • The policies necessary for the sustainable management of natural resource wealth
  • Why communication between government, industry, and citizensis critical to sustainable natural resource management

Syllabus

Module 1: Challenges and opportunities
History of oil, gas, and mining
Challenges& opportunities: oil, gas, and mining
The decision chain of natural resource management (I)
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The decision chain of natural resource management (II)
Module 2: Political economy of natural resources
How natural resources shape and are shaped by political context
Corruption trends in the extractive sector
International governance
Natural resources& the broader governance framework
Transparency& accountability
Module 3: Fundamentals of oil, gas, and mining: industry considerations and policy
From oil well to car - market, players, and extraction process
From mine to mobile phone - market, players, and extraction process
How a company decides to invest
Project development
Evolving technology
Module 4: Legal overview
Legal& regulatory frameworks for extractive industries
Allocation of rights
Implementation& monitoring of legal frameworks
International law& the extractive industries
State-owned enterprises: Role and governance
Module 5: Fiscal regime design and revenue collection
Resource economics& fiscal regime principles
Fiscal instruments I: Royalty/tax systems
Fiscal instruments II: Contract-based systems
Fiscal regime implementation
Module 6: Anticipating and managing environmental issues
Environmental challenges and trends: oil and gas
Environmental challenges and trends: mining
Managing environmental challenges
Extractives and climate change
Environmental impact assessments
Module 7: Community rights
Social impact and engagement
Human rights and the mining industry
Mining and vulnerable populations
Company-community agreements
Module 8: Artisanal mining
Introduction to artisanal and small-scale mining (ASM)
Challenges of ASM
ASM and gender
Tensions betweenASM and large-scale mining
Theway forward
Module 9: Revenue management
Challenges of revenue management
Policy responses: savings, spending, public debt, and earmarking
Natural resource funds
Revenue sharing and decentralization
Module 10: Investing in sustainable development: Economic linkages to the extractives sector
Introduction to economic linkages
Local employment
Local procurement
Enabling tech transfer
Downstream linkages
Module 11: Investing in sustainable development: Looking beyond extractives
Investing in investing
Leveraging extractive industries for infrastructure
Resource-for-infrastructure deals
Module 12: Cross-cutting considerations and looking ahead
Political tripod and authorizing environment
Engaging citizens
Aligning extractive industries with theSDGs

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Teaches about efforts to sustainably manage extractive industry investments
Develops critical understanding of key topics such as governance, policy, and environmental issues
Instructors are experts in natural resource governance
Suitable for various audiences including sustainability practitioners, extractive practitioners, researchers, and climate change activists
Offers a historical context of the extractives industry and its evolution
Examines the political, economic, and social impacts of natural resource extraction

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Natural Resources for Sustainable Development with these activities:
Review Types of Extractive Industries
Review the different types of extractive industries to strengthen your foundational understanding of the course materials.
Browse courses on Mining
Show steps
  • Define extractive industries and their importance.
  • Identify the major types of extractive industries, such as mining, oil and gas extraction, and quarrying.
  • Describe the key characteristics and processes involved in each type of extractive industry.
Read 'The Curse of Natural Resources'
Gain insights into the challenges and opportunities associated with natural resource wealth management by reviewing this foundational text.
Show steps
  • Read the book thoroughly, taking notes on key concepts and arguments.
  • Summarize the main points of each chapter, focusing on the economic, social, and environmental implications of natural resource wealth.
Organize and Review Course Materials
Enhance your learning by organizing and reviewing key course materials, including notes, assignments, and presentations.
Show steps
  • Create a system for organizing your course materials, such as folders or digital note-taking tools.
  • Review your notes and identify key concepts, definitions, and examples.
  • Summarize important points from assignments and presentations.
Two other activities
Expand to see all activities and additional details
Show all five activities
Participate in Discussion Forums
Engage with peers, exchange ideas, and deepen your understanding of course concepts through active participation in discussion forums.
Show steps
  • Read the discussion prompts and review the contributions of others.
  • Formulate your own thoughts and perspectives on the topic.
  • Post thoughtful responses that contribute to the discussion.
Develop a Sustainable Natural Resource Management Plan
Apply your knowledge and skills to create a comprehensive plan for managing natural resources sustainably in a specific context.
Show steps
  • Identify a natural resource that is of particular interest or concern.
  • Research and analyze the current state of the resource, including its environmental, economic, and social dimensions.
  • Develop a set of sustainable management strategies and objectives.
  • Create a detailed implementation plan, including timelines, budgets, and performance indicators.

Career center

Learners who complete Natural Resources for Sustainable Development will develop knowledge and skills that may be useful to these careers:
Environmental Consultant
Environmental Consultants use their specialized knowledge to advise and support organizations in minimizing their environmental impact and meeting regulatory requirements. They work closely with clients to develop and implement sustainable solutions, such as pollution prevention strategies and waste management programs. This course provides a comprehensive overview of the extractive industry, including its environmental challenges and trends. It also covers managing environmental challenges, environmental impact assessments, and the role of extractive industries in climate change. This knowledge can be highly valuable for Environmental Consultants working in the extractive sector.
Sustainability Manager
Sustainability Managers are responsible for developing and implementing sustainability strategies within organizations. They work to identify and manage environmental, social, and economic risks and opportunities, and to improve the sustainability performance of their organizations. This course provides a deep understanding of the challenges and opportunities associated with natural resource management, as well as the policies and strategies necessary for sustainable development. It also covers communication between government, industry, and citizens, which is critical for effective sustainability management.
Natural Resource Manager
Natural Resource Managers develop and implement plans and policies for the sustainable management of natural resources, such as forests, water, and minerals. They work with a variety of stakeholders, including government agencies, businesses, and community groups, to ensure that natural resources are used wisely and sustainably. This course provides a comprehensive overview of the extractive industry, including the governance of extractive industries, the policies necessary for sustainable management, and the challenges and opportunities associated with translating natural resource wealth into sustainable development outcomes.
Policy Analyst
Policy Analysts research, analyze, and make recommendations on public policy issues. They work for a variety of organizations, including government agencies, think tanks, and non-profit organizations. This course provides a deep understanding of the political economy of natural resources, including how natural resources shape and are shaped by political context, and the role of transparency and accountability in natural resource management. This knowledge can be highly valuable for Policy Analysts working on energy and environmental policy.
Energy Analyst
Energy Analysts study the production, distribution, and consumption of energy, and make recommendations on energy policy. They work for a variety of organizations, including government agencies, energy companies, and consulting firms. This course provides a comprehensive overview of the extractive industry, including the challenges and opportunities associated with oil, gas, and mining, as well as the policies necessary for sustainable management. It also covers the environmental challenges and trends associated with extractive industries, and the role of extractive industries in climate change.
Investment Analyst
Investment Analysts evaluate and recommend investments for individuals and institutions. They work for a variety of organizations, including investment banks, asset management companies, and pension funds. This course provides a deep understanding of the fiscal regime design and revenue collection in the extractive industry, as well as the challenges of revenue management. It also covers investing in sustainable development and the economic linkages to the extractive sector. This knowledge can be highly valuable for Investment Analysts working on energy and natural resources investments.
Corporate Social Responsibility Manager
Corporate Social Responsibility Managers develop and implement strategies to ensure that their organizations operate in a socially responsible and sustainable manner. They work with a variety of stakeholders, including employees, customers, and communities, to address social and environmental issues. This course provides a deep understanding of the social impact and engagement in the extractive industry, including human rights and the mining industry, mining and vulnerable populations, and company-community agreements. It also covers artisanal mining and the challenges and opportunities associated with it.
Public relations manager
Public Relations Managers develop and implement communication strategies to build and maintain a positive public image for their organizations. They work with a variety of stakeholders, including the media, investors, and community groups. This course provides a deep understanding of the communication between government, industry, and citizens in the context of natural resource management, as well as the challenges and opportunities associated with engaging citizens. It also covers aligning extractive industries with the SDGs.
International Development Specialist
International Development Specialists work to improve the economic and social conditions of developing countries. They work for a variety of organizations, including government agencies, non-profit organizations, and international development banks. This course provides a comprehensive overview of the extractive industry, including the challenges and opportunities associated with translating natural resource wealth into sustainable development outcomes. It also covers the political economy of natural resources, and the role of transparency and accountability in natural resource management.
Journalist
Journalists research and write news stories for newspapers, magazines, and websites. They work to inform the public about important issues and events. This course provides a deep understanding of the extractive industry, including the challenges and opportunities associated with oil, gas, and mining, as well as the policies necessary for sustainable management. It also covers the environmental challenges and trends associated with extractive industries, and the role of extractive industries in climate change.
Lawyer
Lawyers advise clients on legal matters and represent them in court. They work in a variety of settings, including private law firms, government agencies, and corporations. This course provides a deep understanding of the legal and regulatory frameworks for extractive industries, including the allocation of rights, implementation and monitoring of legal frameworks, and international law and the extractive industries. It also covers state-owned enterprises and their role and governance.
Economist
Economists study the production, distribution, and consumption of goods and services. They work for a variety of organizations, including government agencies, businesses, and research institutions. This course provides a deep understanding of the resource economics and fiscal regime principles in the extractive industry, as well as the challenges of revenue management. It also covers investing in sustainable development and the economic linkages to the extractive sector.
Project Manager
Project Managers plan, organize, and execute projects. They work in a variety of industries, including construction, engineering, and IT. This course provides a deep understanding of the project development process in the extractive industry, as well as the challenges and opportunities associated with it. It also covers evolving technology and its impact on the extractive industry.
Business Analyst
Business Analysts study business processes and make recommendations for improvements. They work for a variety of organizations, including consulting firms, corporations, and government agencies. This course provides a deep understanding of the challenges and opportunities associated with economic linkages to the extractive sector, as well as investing in sustainable development and looking beyond extractives. It also covers resource-for-infrastructure deals.
Community Outreach Specialist
Community Outreach Specialists work to build relationships between organizations and the communities they serve. They work for a variety of organizations, including non-profit organizations, government agencies, and businesses. This course provides a deep understanding of the social impact and engagement in the extractive industry, including human rights and the mining industry, mining and vulnerable populations, and company-community agreements. It also covers artisanal mining and the challenges and opportunities associated with it.

Reading list

We've selected nine books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Natural Resources for Sustainable Development.
An authoritative and comprehensive history of the global oil industry, from its humble beginnings to its dominant role in world affairs.
An exploration of the paradox of plenty, in which countries rich in natural resources often suffer from economic and political problems.
A comprehensive textbook on sustainable development, covering its history, principles, and practical applications.
A comprehensive textbook on the relationship between natural resources and sustainable development, with a focus on the challenges and opportunities.
A practical guide to managing extractive industries for poverty reduction, with a focus on the role of governments, companies, and civil society.
A comprehensive analysis of the social and environmental impacts of mining, with a focus on policy and management recommendations.
A sociological analysis of the relationship between mining and society, with a focus on the social and cultural impacts of mining.
A comprehensive technical reference guide to natural resource management, covering a wide range of topics from geology to economics to public policy.

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