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The European Union's Cohesion Policy is its biggest investment instrument. It supports the Europe 2020 strategy of smart, sustainable, and inclusive growth. With a budget of EUROS 351.8 billion for 2014-2020, the Cohesion Policy accounts for around one-third of the EU budget. The Cohesion Policy is primarily implemented through investments in EU regions and cities. Local and regional governments in the EU are responsible for more than half of all public investment. There is a growing focus on the importance of good governance to ensure effective implementation. The European Commission's 6th Cohesion Policy report notes that governance problems not only delay the implementation of Cohesion Policy programs but also reduce the impact of these investments. The report states: 'a lower standard of governance can affect the impact of Cohesion Policy both directly and indirectly. In the first place, it can reduce expenditure if programs fail to invest all the funding available. Secondly, it can lead to a less coherent or appropriate strategy for a country or region. Thirdly, it may lead to lower quality projects being selected for funding or to the best projects not applying for support at all. Fourthly, it may result in a lower leverage effect because the private sector is less willing to co-finance investment.' The purpose of this report is to develop and test a set of actionable indicators for the regulatory frameworks of EU regions. Deregulatory measures focusing on 'fixing broken regulations' are a necessary and important element of investment climate reforms. However, gains from one-off initiatives aimed at cutting costs and procedures are often reversed if the responsible institutions, tools, and incentives are not changed.
Agriculture --- Business Environment --- Environmental Regulation --- Finance and Financial Sector Development --- Financial Regulation and Supervision --- Food Safety --- Food Security --- Governance --- Governance Indicators --- Industrial Emissions --- Investment Climate --- National Governance --- Private Sector Development --- Public Sector Development --- Public Sector Management and Reform
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Bangladesh has sustained robust economic growth, led by industrial development and urbanization, for the past three decades. In tandem with its economic development, country has been increasingly urbanizing led by the massive growth of Dhaka, the nation's capital. Yet urbanization and industrial growth have come with high environmental costs that are increasingly harming Bangladesh's prospects for continued strong economic progress. Urban environmental pollution is already imposing a significant cost on the economy. Over the last decade, country has improved its policy regime and systems for environmental and pollution management, yet much more needs to be done to arrest the stark effects of pollution and environmental degradation on people's health and economic productivity. Given the growing environmental challenges that Bangladesh's cities face, this assessment focuses on the country's urban areas. The report analyzes the impacts and causes of pollution levels and natural resource degradation in Dhaka and other rapidly growing cities. It updates the first assessment prepared over a decade ago with the aim of (i) better understanding the environmental challenges, trends, and implications of rapid economic growth in urban areas; and (ii) identifying paths toward cleaner and more climate resilient growth through technological changes and institutional, regulatory, and policy reforms. The analysis includes case studies at the city level, including the Greater Dhaka area and other cities of various sizes. Based on the analysis in this assessment, priorities for reform and investment should include the following: (i) enhancing environmental policy and institutions at the national level; (ii) enhancing environmental management at the local/ city level; (iii) strengthening the enforcement and accountability regime; (iv) leveraging market-based instruments to protect the environment and unlock green financing; (v) promoting resource-efficient and cleaner production as a tool for reconciling environmental performance with competitiveness; (vi) harnessing the power of public pressure.
Air quality and clean air --- Brown issues and health --- Climate change mitigation and green house gases --- Environment --- Environmental economics and policies --- Environmental policy --- Environmental protection --- Green issues --- Industrial emissions --- Pollution management and control --- Urban planning --- Water resources management
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