Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development

Development Project (DP) is creating the benefits for all and taking benefit-sharing (BS) as a goal. BS involves paying something above the fair market compensation or replacement value of the assets lost in the displacement and resettlement. BS becomes more important and complicated when the lost a...

Full description

Bibliographic Details
Main Authors:	Shi, Guoqing, Shang, Kai
Format:	Journal Article
Published:	Taylor and Francis 2022
Subjects:	HYDROPOWER LIVELIHOOD SUSTAINABILITY BENEFIT SHARING LAND ASSET SECURITIZATION RESETTLEMENT COMPENSATION RURAL RESERVOIR RESETTLERS
Online Access:	http://hdl.handle.net/10986/36857

id	okr-10986-36857
recordtype	oai_dc
spelling	okr-10986-368572022-01-28T16:17:16Z Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development Shi, Guoqing Shang, Kai HYDROPOWER LIVELIHOOD SUSTAINABILITY BENEFIT SHARING LAND ASSET SECURITIZATION RESETTLEMENT COMPENSATION RURAL RESERVOIR RESETTLERS Development Project (DP) is creating the benefits for all and taking benefit-sharing (BS) as a goal. BS involves paying something above the fair market compensation or replacement value of the assets lost in the displacement and resettlement. BS becomes more important and complicated when the lost assets are not transacted as commodities in a market. BS is a key to resolve the challenges on impoverishment caused development induced displacement and resettlement globally. An innovated BS approach and methodology for land asset securitization (LAS) is proposed. It takes occupied lands as capital investment in the DP rather than for displaced assets’ compensation only based on natural resources transfer theory. LAS takes the approach in lands resourcing, land resources capitalization and land assets securitization. It establishes the mechanism to arrange additional benefits for resettlers. It enables rural resettlers to receive appropriate compensation to sustain basic livelihoods at the DP construction and early commercial operation stage as well as share profits equally during full operation. LAS will prevent either the hydropower developer or the government from having interests in securitized assets. LAS is a sustainable approach to promote win-win among resettlers, developers, governments, and civil society. 2022-01-21T15:24:29Z 2022-01-21T15:24:29Z 2020-08-08 Journal Article Impact Assessment and Project Appraisal 1461-5517 http://hdl.handle.net/10986/36857 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Taylor and Francis Publications & Research Publications & Research :: Journal Article East Asia and Pacific China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	HYDROPOWER LIVELIHOOD SUSTAINABILITY BENEFIT SHARING LAND ASSET SECURITIZATION RESETTLEMENT COMPENSATION RURAL RESERVOIR RESETTLERS
spellingShingle	HYDROPOWER LIVELIHOOD SUSTAINABILITY BENEFIT SHARING LAND ASSET SECURITIZATION RESETTLEMENT COMPENSATION RURAL RESERVOIR RESETTLERS Shi, Guoqing Shang, Kai Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development
geographic_facet	East Asia and Pacific China
description	Development Project (DP) is creating the benefits for all and taking benefit-sharing (BS) as a goal. BS involves paying something above the fair market compensation or replacement value of the assets lost in the displacement and resettlement. BS becomes more important and complicated when the lost assets are not transacted as commodities in a market. BS is a key to resolve the challenges on impoverishment caused development induced displacement and resettlement globally. An innovated BS approach and methodology for land asset securitization (LAS) is proposed. It takes occupied lands as capital investment in the DP rather than for displaced assets’ compensation only based on natural resources transfer theory. LAS takes the approach in lands resourcing, land resources capitalization and land assets securitization. It establishes the mechanism to arrange additional benefits for resettlers. It enables rural resettlers to receive appropriate compensation to sustain basic livelihoods at the DP construction and early commercial operation stage as well as share profits equally during full operation. LAS will prevent either the hydropower developer or the government from having interests in securitized assets. LAS is a sustainable approach to promote win-win among resettlers, developers, governments, and civil society.
format	Journal Article
author	Shi, Guoqing Shang, Kai
author_facet	Shi, Guoqing Shang, Kai
author_sort	Shi, Guoqing
title	Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development
title_short	Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development
title_full	Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development
title_fullStr	Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development
title_full_unstemmed	Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development
title_sort	land asset securitization : an innovative approach to distinguish between benefit-sharing and compensation in hydropower development
publisher	Taylor and Francis
publishDate	2022
url	http://hdl.handle.net/10986/36857
_version_	1764486037053112320

Land Asset Securitization : An Innovative Approach to Distinguish between Benefit-sharing and Compensation in Hydropower Development

Similar Items