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Norway’s Sovereign Wealth Fund: Sustainable Investment of Natural Resource Revenues: Natural Resource Management and Policy, cartea 54

Autor Ole Bjørn Røste
en Limba Engleză Paperback – 21 iul 2022
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.
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Specificații

ISBN-13: 9783030741099
ISBN-10: 3030741095
Ilustrații: IX, 261 p. 11 illus., 10 illus. in color.
Dimensiuni: 155 x 235 mm
Greutate: 0.39 kg
Ediția:1st ed. 2021
Editura: Springer International Publishing
Colecția Springer
Seria Natural Resource Management and Policy

Locul publicării:Cham, Switzerland

Cuprins

 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.

Notă biografică

Ole Bjørn Røste is Associate Professor of Political Science at the Norwegian University of Science and Technology, Trondheim. He studied at The Norwegian School of Economics and Business Administration 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).

Textul de pe ultima copertă

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.

Caracteristici

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