{"id":2800,"date":"2016-04-04T13:24:40","date_gmt":"2016-04-04T13:24:40","guid":{"rendered":"http:\/\/www.albeiti.org\/?p=2800"},"modified":"2016-04-04T13:24:40","modified_gmt":"2016-04-04T13:24:40","slug":"making-the-most-of-extractive-industries-data","status":"publish","type":"post","link":"https:\/\/www.albeiti.org\/site\/en\/making-the-most-of-extractive-industries-data\/","title":{"rendered":"Making the Most of Extractive Industries Data"},"content":{"rendered":"<div class=\"parbase c09v2_synopsis section\">\n<div class=\"\">\n<p><img loading=\"lazy\" class=\"aligncenter wp-image-2802\" src=\"http:\/\/www.albeiti.org\/wp-content\/uploads\/2016\/04\/Engineer-on-a-walkie-talkie-ThinkstockPhotos-1024x576.png\" alt=\"Engineer-on-a-walkie-talkie-ThinkstockPhotos\" width=\"650\" height=\"365\" \/>Photo via ThinkStock<\/p>\n<hr \/>\n<div class=\"parbase c09v2_synopsis section\">\n<div class=\"\">\n<h4 id=\"c09v2-body\"><span style=\"color: #000000;\">STORY HIGHLIGHTS<\/span><\/h4>\n<\/div>\n<\/div>\n<ul>\n<li><em><span style=\"color: #808080;\">A World Bank report aims to improve the standardization, classification and accessibility of Extractive Industries Transparency Initiative (EITI) data<\/span><\/em><\/li>\n<\/ul>\n<ul>\n<li><em><span style=\"color: #808080;\">Boosting consistency and accessibility of EITI data increases awareness about the extractives industries and enhances its contribution to sustainable development<\/span><\/em><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<hr \/>\n<div class=\"c14v1_static_content section\">\n<section id=\"\">\n<div class=\"c14v1-body c14v1-body-text flipboard-keep \">\n<p>An impressive amount of data from the oil, gas and mining industries has been collected through the Extractive Industries Transparency Initiative (EITI) since its launch in 2003. A total of 45 countries have now published EITI reports collectively, covering 282 financial years and representing over US$1.8 trillion in government revenues from the oil, gas and mining industries. Reporting of payments in the sector from companies to government is required by the EITI in an effort to increase accountability. In 2013, the EITI amended its transparency standard to require countries to disclose data beyond revenues. Reports now include information about governments\u2019 sector and fiscal management, licensing, ownership of natural resources, employment and other contextual information.<\/p>\n<p>But what does this data really tell us?<\/p>\n<p>The challenge is that the bulk of EITI data remains buried in documents and locked in PDFs. This is a missed opportunity since a lack of consistency in the way various information disclosures are reported makes it difficult and labor intensive to use. Comparisons of data across countries and commodities are very difficult, which limits the value of EITI data beyond national boundaries. It also prevents country data from being understood within the bigger picture of global trends and comparisons. Consequently, this compromises the ability of EITI data to play a role in budget discussions and national debates and may raise questions about reliability of the data.<\/p>\n<p>\u201cEITI data needs to be more accessible and comparable so that policymakers can apply the information in their decision making processes and, equally importantly, so that civil society and academia can utilize the massive amounts of data generated to better engage on issues affecting the sector,\u201d said Martin Lokanc, Senior Mining Specialist, World Bank Group.<\/p>\n<p>To help overcome some of these challenges and improve the quality, accessibility and use of EITI data, the World Bank recently launched a report at the EITI Global Conference in Lima: \u201c<a href=\"http:\/\/documents.worldbank.org\/curated\/en\/2016\/02\/25942297\/options-extractive-industries-transparency-initiative-eiti-data-reporting-access-good-better-best\"><b><i>Options for EITI Data Reporting and Access: The Good, The Better and The Best<\/i><\/b><\/a><b><i>.<\/i><\/b>\u201d\u00a0 Recognizing that countries have varying capacities to report data, the report provides recommendations on the good, better and best practices in reporting various types of EITI data in a standardized format and how best to make it\u00a0 accessible. It answers questions such as:<\/p>\n<ul>\n<li>What are the various options for reporting production data?<\/li>\n<li>How can data on legal and fiscal regimes governing the extractives sector be reported more effectively?<\/li>\n<\/ul>\n<p>In order to preserve the comparability of data across countries, where possible the good, better and best recommendations are designed to be compatible with each other so countries can pick and choose how they want to report certain information.<\/p>\n<p>More accessible EITI data will increase awareness about how countries\u2019 natural resources are used and how extractives revenues are spent, which in turn enhances public debate, promotes accountability and strengthens governance.<\/p>\n<p>\u201cUnlocking EITI data will help transform the information in reports into a tool to inform policy decisions in resource-rich developing countries,\u201d said Andrew Schloeffel, EITI Technical Lead, Energy and Extractives Global Practice, the World Bank Group.<\/p>\n<p><i>The report is a working document that will help guide the formulation of an EITI Open Data Standard in support of <a href=\"https:\/\/eiti.org\/eiti\/open-data-policy\">EITI\u2019s Open Data Policy<\/a>. The report was developed in close collaboration with the EITI International Secretariat and with support from the <a href=\"http:\/\/www.worldbank.org\/en\/programs\/eitimdtf\">EITI-Multi Donor Trust Fund<\/a>.\u00a0\u00a0Moving forward, putting these recommendations into practice will be supported by the <a href=\"http:\/\/www.worldbank.org\/en\/topic\/extractiveindustries\/brief\/extractives-global-programmatic-support-egps-a-multi-donor-trust-fund\">EGPS Multi Donor Trust Fund<\/a>.<\/i><\/p>\n<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Photo via ThinkStock STORY HIGHLIGHTS A World Bank report aims to improve the standardization, classification and accessibility of Extractive Industries Transparency Initiative (EITI) data Boosting consistency and accessibility of EITI data increases awareness about the extractives industries and enhances its contribution to sustainable development An&#8230;<\/p>\n","protected":false},"author":1,"featured_media":2802,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[315],"tags":[],"_links":{"self":[{"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/posts\/2800"}],"collection":[{"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/comments?post=2800"}],"version-history":[{"count":0,"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/posts\/2800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/media\/2802"}],"wp:attachment":[{"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/media?parent=2800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/categories?post=2800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.albeiti.org\/site\/wp-json\/wp\/v2\/tags?post=2800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}