1798 PROMOTION OF REGIONAL, ECONOMIC, ECOLOGICAL AND CLIMATE DEVELOPMENT THROUGH PUBLIC REVENUES FROM NATURAL RESOURCES A.J.M. Gallo1 1PhD., Universidade Federal do Rio de Janeiro. Instituto de Economia ABSTRACT The text analyzes different mechanisms and institutional arrangements for managing revenues from natural resources, such as mining and oil royalties, highlighting the challenges of coordination between civil society and governments. It advocates institutional integration to strengthen public policies, ensure intergenerational wealth transfer, and promote investments, suggesting that these resources can finance regional development, the transition to a low-carbon economy, job creation, and reduction of inequalities, aligned with socio-environmental commitments, with the Big Push for Sustainability (GRAMKOW, 2018) as an initial reference. KEYWORDS Natural Resources, Sustainable Development, Governance 1. INTRODUCTION The allocation of royalties from oil, mining, and water compensation, among other revenues derived from the exploitation of natural resources, is often presented as an instrument for regional development, job creation, and economic growth. Organized through funds and various institutional arrangements, these revenues are transferred — voluntarily or mandatorily — from the private sector to society under different governance models. However, the mere existence of these structures does not guarantee that the resources fulfill their public purpose. The proliferation of funds and mechanisms, with distinct models of control and influence from interest groups, can lead to fragmentation, overlapping functions, and suboptimal outcomes, rather than lasting positive externalities. In this context, Figure 1 presents typologies of mechanisms used to promote regional, ecological, and climate-related economic development from mineral resources, highlighting the complexity and coordination challenges among these structures. Figure 1 – Example of Mechanisms Used to Promote Regional, Ecological, and Climate Development from Mineral Resources This text aims to discuss how to align and coordinate these multiple governance structures of public revenues from natural resources to ensure they fulfill their social, economic, and environmental functions in a sustainable manner.
RkJQdWJsaXNoZXIy MTM0Mzk2