45. Developed countries should give increased priority to research and developmentof energy sources that are abundant in derreloping countries, including new and renewable resources. F'urthermore, research and development should be closelyrelated to the transfer of energy technologies to these countries. fnindustrialized countries that have devel-oped considerable new energy technologies,special links and arrangenents could be established between the energy research anddevelopment institutions and the research, development and training programmes thatthese countries provide in bilateral assistance to developing countries. 46. Governnents of developed countries could take steps to increase the flow ofprivate capital to assist in developinq the energy resourcea of developingcountries that welcome such capital. One such step rnight be to establish,liberalize or expand the overseas investnent-insurance scbenes of the developed market econonies. These schemes insure the direct investments of corporations abroad and usually cover both loans and eguity investmentsi in some cases theyinclude payments for licences, services and royalties. The basie risks insuredagainst are those of expropriation, war and Limitations on the transfer of funds.The largest programrne is the Overseas Private Investnent Corporation of tne UnltedStates of Ameriea, which currently insures between 25 and 30 hydrocarbonexploration ard development projects per year witb a coverage of about $2.5 billion. The programme includes proJects made pursuant to traditional concession agreements' production-sharing agreements, service contracts, riskcontracts, and other agreenents with host country Governnents. Coverage isavailable for up to 90 per cent of the investnent, generally not exceeding $100 nillion per project. 4t[,/ Preference should be given to investments inlow-incone countries and tilthose made by relativel.y small oil companies. The
**Analysis**
The text appears to be discussing ways to promote the development of energy resources in developing countries, with a focus on research, technology transfer, and investment. It also mentions the importance of giving priority to investments in low-income countries and small oil companies. This suggests that the text is primarily concerned with economic development and natural resource management.

**Category**
Economic development, Natural resources and environment