Indonesia: How to Boost Investment in Renewable Energy
Indonesia, the largest country in Southeast Asia, has considerable renewable energy potential. However, this potential remains largely underexploited. Fossil fuel subsidies are a major obstacle to the deployment of renewable energy on a large scale. Investment in renewable energy is limited compared to some regional peers. For instance, Vietnam attracted USD 5.2 billion of investment in renewables in 2018, while Indonesia drew only USD 0.8 billion. We propose six actions that could help Indonesia accelerate the expansion of renewables: remove subsidies for fossil fuels; establish a ministry of renewable energy; prioritise renewables in the regulatory framework; improve and streamline grid management; mobilise domestic banks to support renewable energy; prioritise market entry for investors.
Cambodia: Five Actions to Improve the Business Climate for Renewable Energy Investment
Cambodia has not attracted significant investment in renewable energy until mid-2020 and, unlike other ASEAN countries, has not set exact renewable energy targets. Despite this, the country is viewed as a model to learn from for other ASEAN countries implementing solar power auctions. In order to keep up this momentum and attract more investment, Cambodia needs to address a number of persistent gaps in its investment climate. We propose five actions that may have strong immediate benefits and make Cambodia’s business climate for renewable energy more attractive: prioritise renewables in the energy governance system; request support from IRENA for capacity building; adopt targets and develop a regulatory framework; enhance project bankability; improve market entry for foreign investors.
Shaping a New Africa-Europe Relationship for a post-Covid-19 global order
This collaborative project between NUPI, ACCORD and ECFR aims to stimulate and enrich the dialogue in Africa and Europe on the underlying geopolitical, Covid-19, peace and security and other key devel...
Regulatory barriers to trade in services: A new database and composite indices
This paper presents new data on services trade regulation for 46 countries in 22 services sectors over 6 years (2014–2019). The data consist of qualitative information which is scored and weighted to produce composite indices. They cover market access and national treatment restrictions with respect to all GATS modes of supply, but also behind the border domestic regulation such as licensing, non‐transparent regulatory procedures and competition policy. The database is updated annually. The trade restrictiveness indices (STRIs) are significantly correlated with services trade flows, but also with the performance of the sectors subject to the restrictions including logistics performance indicators, interest spreads, density of ATMs and secure servers, broadband penetration and outcomes such as legal rights and the time to resolve insolvency.
Defending and renewing multilateralism: Estonia and Norway in the UN Security Council
This project will explore possibilities to enhance Estonian-Norwegian bilateral cooperation in promoting multilateral cooperation and a rules-based global order in the framework of the United Nations ...
Brunei Darussalam: How to Build an Investment Climate for Renewable Energy?
Brunei Darussalam has yet to make major progress in renewable energy and become an attractive destination for investors. Only 0.05% of Brunei’s electricity came from renewable energy sources, while 99.95% was based on fossil fuels. In 2014, the country set a renewable energy target of 10% in the power generation mix by 2035. To reach the target, it needs to increase the share of renewables by 0.66% every year from 2020 to 2035. The country still needs to adopt a regulatory regime to scale up the development of renewable energy, particularly solar energy, which is more abundant than wind energy. We propose five actions to build the investment climate for renewable energy in Brunei Darussalam: prioritise renewable energy in the governance system; adopt and implement key legislation; mobilise domestic investors; improve market entry for foreign investors.
Impact of Digital Technologies and the Fourth Industrial Revolution on Trade In Services
Digital technologies are cutting trade costs for services, turning more services from non-tradables into tradables, and putting trade in services on a stronger relative growth path than trade in goods. Digital enablement of services depends on inputs of cross-border data flows, which are themselves growing exponentially. The shift to the digital economy has intensified during the COVID-19 pandemic as goods producers connect with customers via online platforms, and services like health, education, and entertainment are delivered online. Purchasing services offshore is not far behind, so e-service trade will likely continue to accelerate. However, regulatory frameworks are lagging, putting productivity gains at risk. We offer eight recommendations to the Group of Twenty (G20) leaders to start shaping a trade policy agenda for a digital future. For every nation to reap the benefits of the Fourth Industrial Revolution, sustained openness to international services trade, investment, and data flows is essential.
Africa, Tax and the Digital Economy
Are the giant tech companies paying their fair share of taxes? Challenges facing African countries in the digital economy.
China’s EU policy in the pandemic era: A new normal?
During the pandemic era, media reports and leaks indicate a growing assertiveness from China towards the EU. Is this a sign of a new normal in China's EU policy of something else entirely? To devise an appropriate response, the EU should contrast this perceived assertiveness with China's long-term interests. In all, assertive behavior undermines Chinese policy goals, which hints that there may be other considerations guiding these Chinese representatives.
Gender and Labour Market Adjustment to Trade: The Case of India
Standing at 24% in 2018, India’s female labour force articipation is only half of the global average (48%). At the same time, India has one of the widest gender wage gaps in the world and women are less likely to be employed in the formal sector compared to men. This study focuses on the role of international trade as a source of increased competitive pressure in domestic markets, and how it affects relative wages and formal employment between men and women. Using the Revealed Symmetrical Comparative Advantage index, sectors of comparative advantage and disadvantage are identified and matched on Indian labour force surveys that contain information on sectoral employment and earnings. We find that sectors of comparative advantage in services have the lowest gender wage gap, with women earning 24% less than their male counterpart, while women in manufacturing earned on average 40% less than male workers. The Oaxaca-Blinder decomposition shows that the total gender wage gap in sectors of comparative advantage in services are minor while it is quite substantial in manufacturing, regardless of the comparative advantage. The study concludes that trade goes hand in hand with a smaller gender wage gap in the services sectors as it allows women to leverage their skills better than in manufacturing.