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OECD Investment Policy Reviews: Jordan 2013

image of OECD Investment Policy Reviews: Jordan 2013

This report presents the results of OECD's comprehensive review of Jordan's investment policy. It examines the role of investment in Jordan's economy, Jordan's investment regime and the national treatment instrument, Jordan's policy framework for investment, Jordan's adherence to the OECD Guidelines for Multinational Enterpriese, and its investment framework in support of green growth.

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Jordan's investment framework in support of green growth

Jordan is facing environmental challenges. It is one of the world’s most water-poor countries and the energy mix is heavily focusing on oil. There are significant opportunities in terms of mobilising private investment, including foreign, in support of green growth. The National Energy Strategy plans to increase by 2020 the share of renewable energy sources in the energy mix to 10% and to reduce the energy consumption by 20% through energy efficiency measures. A Law on Renewable Energies and Energy Efficiency was adopted in 2010 and incentives are provided. Despite promising initiatives, gaps remain to increase investment in green sectors. The phasing out of fossil fuel subsidies and a feed-in tariff could help stimulate investment in renewable energy. A closer monitoring of government programmes could also ensure better results.

English

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