Norway's Sovereign Wealth Fund : Sustainable Investment of Natural Resource Revenues / by Ole Bjørn Røste

By:

Røste, Ole Bjørn, 1963- [VerfasserIn]

Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Natural Resource Management and Policy ; 54 | Springer eBook CollectionPublisher: Cham : Springer International Publishing, 2021Publisher: Cham : Imprint: Springer, 2021Edition: 1st ed. 2021Description: 1 Online-Ressource (IX, 261 p. 11 illus., 10 illus. in color.)ISBN:

9783030741075

Subject(s):

Additional physical formats: 9783030741068 | 9783030741082 | 9783030741099 | Erscheint auch als: 9783030741068 Druck-Ausgabe | Erscheint auch als: 9783030741082 Druck-Ausgabe | Erscheint auch als: 9783030741099 Druck-Ausgabe | Erscheint auch als: Norway's sovereign wealth fund. Druck-Ausgabe Cham, Switzerland : Springer, 2021. ix, 261 SeitenDDC classification:

333 23

DOI: DOI: 10.1007/978-3-030-74107-5Online resources:

Summary: 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.Summary: 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.PPN: PPN: 1765220440Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF

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