Details
Norway's Sovereign Wealth Fund
Sustainable Investment of Natural Resource RevenuesNatural Resource Management and Policy, Band 54
|
106,99 € |
|
| Verlag: | Springer |
| Format: | |
| Veröffentl.: | 19.07.2021 |
| ISBN/EAN: | 9783030741075 |
| Sprache: | englisch |
Dieses eBook enthält ein Wasserzeichen.
Beschreibungen
<p>This book elaborates on how Norway has managed to convert a large fraction of its endowment of hydrocarbons below the seabed of Norwegian waters into financial wealth, invested in the world’s capital markets. Further, it explains how this wealth is managed. Under the current guidelines, only the assessed return on investment may be allotted to public budgets. This ensures that the wealth will benefit both current and future generations. The capital is gathered in the Sovereign Wealth Fund – or State Pension Fund Global (SPF-G) –, which is intended to maximize capital value without exceeding acceptable risks. The book offers new insights into the history and management of the fund, examines its successes,and discusses future challenges. Given its scope, it appeals to scholars of economics, finance and political science, and to anyone interested in the sustainable investment of natural resource-based revenues.</p><p></p><p></p>
Introduction.- Natural Resource Sustainability.- The Economics and Politics of SWFs.- Investing in Practice.- The Ethics of Investment.- Risks and Uncertainty.- A Sketch of an Evaluation.- The Future of the GPF-G.
Ole Bjørn Røste is Associate Professor of Political Science at the <i>Norwegian University of Science and Technology</i>, Trondheim. He studied at <i>The</i> <i>Norwegian School of Economics and Business Administration </i>and holds a Ph.D. in Economics and Master’s degrees (Political Science, Law) from The University of Oslo. Røste has previously worked for Norges Bank (1986–2001) and The Norwegian Ministry of Finance (2001–2002).
<p>This book elaborates on how Norway has managed to convert a large fraction of its endowment of hydrocarbons below the seabed of Norwegian waters into financial wealth, invested in the world’s capital markets. Further, it explains how this wealth is managed. Under the current guidelines, only the assessed return on investment may be allotted to public budgets. This ensures that the wealth will benefit both current and future generations. The capital is gathered in the Sovereign Wealth Fund – or State Pension Fund Global (SPF-G) –, which is intended to maximize capital value without exceeding acceptable risks. The book offers new insights into the history and management of the fund, examines its successes, and discusses future challenges. Given its scope, it appeals to scholars of economics, finance and political science, and to anyone interested in the sustainable investment of natural resource-based revenues.</p>
Offers a detailed study on how Norway is managing its natural resource-based revenues Presents a case study on Norway’s Sovereign Wealth Fund Assesses how to maximize capital value without exceeding acceptable risks
Diese Produkte könnten Sie auch interessieren:
