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MAPNA Operation and Maintenance Company was established in 2003 to provide long-term services in the energy sector in Iran. This company delivered comprehensive solutions including operation and maintenance, overhaul and repair, commissioning, performance test and training in the fields of power and oil and gas. By 2021, the company had provided long-term operation and maintenance services in more than thirty power plants in Iran and had implemented more than 200 projects worth more than 300 million USD. MAPNA Operation and Maintenance Company believed that a sustainable and responsible management could be achieved through integrated management of the economic, social and environmental impacts of the business. This approach became more apparent when the company provided services countrywide, and they interacted with a wide range of stakeholders. In this context, efforts were made to create common values for both the organization and society. Some of the company’s long-term projects were in less developed areas of the country. One of the social issues in those regions was creating jobs for jobless people and preparing them to work in order to have a better life. The company policy in providing manpower for such projects was to employ indigenous manpower, training them and creating sustainable jobs for them. After hiring local workforce, the company provided professional and general training programs to improve their skills and knowledge. Also, the company was committed to prepare a healthy and safe work environment for employees to learn and comply with ethical and social norms and develop a sustainable environmental attitude by increasing the efficiency of using natural resources and controlling environmental pollution. Work-life balance programs were implemented to ensure a productive presence in the workplace and to maintain a healthy and meaningful family relationship for employees. This case aims to elaborate more on the challenges of the sustainable activities of the long-term projects that MAPNA Operation and Maintenance planned and implemented in terms of its corporate social responsibility and social entrepreneurship specifically in less developed areas.

The political factors of a country have a high influence over the economic development process. Economic development came at a high cost to the environment, from climate change to biodiversity loss when the government’s development policies disdain environmental aspects. People of lower socio-economic countries are disproportionately affected by environmental hazards related to irresponsible economic development which is sometimes disregarded by the political leaders. These politics-induced economic development causes the degradation of environmental quality and damages the ecological structures and processes upon which it depends, which have ultimately raised the question of environmental sustainability of the future generation. With the name of increasing living standards through frenetic economic activity, the world community has been destroying the natural resources and global ecosystems without conserving for the next generations’ well-being. However, using a qualitative approach, the chapter reflects the correlations among the political determinants and the economic development, and examines the issues that impede environmental sustainability. It explores how politics and economic development have driven environmental degradation and accelerated climate change. The chapter minimises the knowledge gaps in politics, development, and environment nexus by providing a comprehensive account of the dynamic interplay between different variables.

The environmental impact of energy supply is growing which has a significant impact on regional and global environmental issues. As a solution for this, both developed and developing nations paying attention to convert their energy productivity by using renewable energy like wind and solar energy. Sri Lankan government also aims to obtain the full amount of electricity required from local renewable sources by the year 2050 under the project called “sooryabala sangramaya” (the battle for solar energy). Currently, Sri Lanka’s power generation sector is heavily dependent on imported fuels, such as petroleum and coal, resulting in growing detrimental impacts on the country’s sustainable socioeconomic development. With the growing market of solar photovoltaic (PV) technology, Sri Lanka is turning its attention towards generating the total amount of electricity required from solar power by promoting the installation of arrays of PV panels on the rooftops of households, religious places, hotels, commercial establishments and industries. It also aims to deploy solar PV for sustainable rural development, mainly focused on uplifting people living in remote areas in the country. This chapter discusses how Sri Lanka has initiated a rooftop solar PV adoption program to lessen imported fuels’ socioeconomic and environmental impacts. Moreover, this case demonstrates that the adoption of rooftop solar PV brings many socioeconomic benefits to its consumers.

This chapter investigates the trends in international and European legal and policy regulation of the process related to carbon capture and storage (CCS). The global endeavor that seeks to limit carbon dioxide emissions has come to recognize CCS as an indispensable ally. This chapter offers an up-to-date and comprehensive commentary to the relatively new and developing area of international regulation of the process of CCS, a dimension that might yield significant effects on the environment and, overall, sustainable development. It reveals a constantly growing trend of an enhanced awareness about the indispensable role and effects of the CCS on wider climate aspirations and, to that effect, also a need for a stable and effective international regulatory framework. The key barriers that are preventing the wider implementation of CCS projects, however, relate primarily to two extra-regulatory processes, which is the policy uncertainty at national levels and financial shortcomings. This background presents a window of opportunity for entrepreneurship and policy invention.

No carbon gas is released into the atmosphere in electricity production with wind energy. Therefore, this type of energy is significantly environmentally friendly. On the other hand, thanks to wind energy investments, a country can produce its own energy. This reduces the country’s foreign dependency on energy. Due to these positive aspects, increasing wind energy investments is very important for both the social and economic development of the country. The aim of this study is to define the most appropriate government support to improve wind energy investments. In this context, four different criteria are defined in this regard by making a detailed literature review. In the analysis process, fuzzy AHP methodology is considered. Within this framework, the comparative evaluations of three different experts are obtained. The findings indicate that providing loans with low-interest rate is the most appropriate government support for the wind energy investors. Additionally, it is also defined that tax deduction is another important issue for this purpose. However, it is also identified that appropriate location supply and purchase guarantee of the product produced have lower importance in comparison with the others. It is strongly recommended that governments should provide loans to the wind energy investors. This strategy can minimize the problem of high initial cost so that it can be much easier to attract the attention of the investors.

This chapter discusses the opportunity of Islamic project financing implementation for public infrastructure development in Indonesia.

This chapter, firstly, reviewed existing literature on Islamic finance to explore the applicability of Islamic financing in infrastructure development. Interviews were conducted as the first stage of Delphi method approach. This was then followed by reviewing Indonesia’s government policies and regulations in infrastructure industry and Islamic financing.

This chapter enlightens the implementation of Islamic financing on infrastructure project financing in Indonesia. The findings indicate that the government policies and regulations on both infrastructure investment and Islamic financing support the implementation of Islamic project financing, whereas, an improvement is still needed in order to overarch infrastructure business and Islamic financing investment.

Financing framework development for Indonesia infrastructure projects.

The result reported comprises the preliminary study of Islamic project paper written based on published research papers and interviews. Furthermore, the data collected for the study are limited to the case of Indonesian infrastructure projects.

Islamic financing in Indonesia infrastructure projects development has not been optimally implemented. Therefore, this chapter serves as a catalyst to explore alternative financial scheme such as Islamic financing for infrastructure development.

This chapter highlights possibilities and obstacles in applying Islamic scheme to infrastructure project financing. This provides a framework to analyse the steps to implement Islamic financing successfully in infrastructure development.

In Africa, the public sector is very often not able per se to deliver the resources needed to assure access to basic public goods and services. The African Development Bank (AfDB) has heavily invested in infrastructure to help overcome these long enduring bottlenecks, which have hampered economic growth in the continent. Given the AfDB’s ambitious objectives of contributing significantly to development and poverty reduction, and its continued thrust into infrastructure development through New Partnership for Africa’s Development, Africa50, and a range of collaborations to leverage resources for the continent, it is useful to consider the nature of the Bank’s involvement in Public–Private partnerships (PPPs) and identify lessons learned and recommendations for improvement. The methodology employs mixed methods, with desk reviews, staff consultations and analytical analysis of project data from 2006 to 2014 in 18 countries. Lessons and recommendations are drawn from the ‘Evaluation Results Database’, covering the period 2001–2012 from projects in 12 countries and six sectors. Overall, 64.4% of the PPP volume of the AfDB’s portfolio was allocated to lower middle-income countries, with low-income countries receiving about a quarter. The energy sector accounted for over 78% of the total PPP volume. A pragmatic account of what was done and learned from PPP implementation processes over a decade in the African continent is provided in this chapter, together with successes and failures from the AfDB’s experience, as the Bank itself and a range of other Multilateral Development Banks and donors continue to scale up infrastructure financing in Africa.

China's defense industry is analyzed by comparing the technical level of the military and civilian products manufactured by China's nuclear, space, aviation, shipbuilding, ordnance, and electronics industries with their advanced counterparts. Generally, China's defense industry is about 20 years behind the global leaders. Thus, it is inappropriate to declare China's emergence as the world’s second military power. However, if it continues on its current development trajectory, it will attain that status in the near future.