The report examines the implications of resource nationalism for the UK, focusing on energy and critical metals.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | UK Government Office for Science |
| Publication date: | December 18, 2014 |
| Geographic focus: | Global |
| Page count: | 14 |
The research method involved analyzing the definition and drivers of resource nationalism, assessing the risks to the UK from resource nationalism in fossil fuels and critical metals, examining past experiences and institutional frameworks, and utilizing various data sources such as the US Geological Survey, EU reports, and UK government documents.
(Generated with the help of GPT-4)
This report investigates resource nationalism, particularly concerning energy and metal and mineral supplies, and its potential implications for the UK. Resource nationalism is defined as anti-competitive behavior designed to restrict the international supply of a natural resource. It is driven by factors such as population growth, uneven distribution of resources, and governance issues. The UK's risk from resource nationalism in fossil fuels is limited and accounted for in government policy. The paper focuses on metals and minerals, especially the EU 14 metals identified as critical due to supply risks and economic importance. Production of these metals is often concentrated in a few countries, with China dominating many of them. The report discusses past experiences of resource nationalism, such as export restrictions and taxes, and the role of institutional frameworks in mitigating its effects. It concludes that while the UK's risk from resource nationalism in fossil fuels is limited, there is potential for significant impacts in the metals and minerals markets, particularly the EU 14 metals.
(Generated with the help of GPT-4)