Overview
- 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
Part of the book series: Natural Resource Management and Policy (NRMP, volume 54)
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Table of contents (8 chapters)
Keywords
About this book
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.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Norway’s Sovereign Wealth Fund
Book Subtitle: Sustainable Investment of Natural Resource Revenues
Authors: Ole Bjørn Røste
Series Title: Natural Resource Management and Policy
DOI: https://doi.org/10.1007/978-3-030-74107-5
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-74106-8Published: 20 July 2021
Softcover ISBN: 978-3-030-74109-9Published: 21 July 2022
eBook ISBN: 978-3-030-74107-5Published: 19 July 2021
Series ISSN: 0929-127X
Series E-ISSN: 2511-8560
Edition Number: 1
Number of Pages: IX, 261
Number of Illustrations: 1 b/w illustrations, 10 illustrations in colour
Topics: Natural Resource and Energy Economics, Public Finance, Public Policy, Capital Markets, Macroeconomics/Monetary Economics//Financial Economics