An edition of Investing for Sustainability (2001)

Investing for Sustainability

The Management of Mineral Wealth

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Last edited by ImportBot
October 5, 2021 | History
An edition of Investing for Sustainability (2001)

Investing for Sustainability

The Management of Mineral Wealth

Mineral deposits are non-renewable; they do not grow in the ground. Sustainable use of finite mineral wealth requires that revenues from mineral extraction be invested in renewable wealth, education and infrastructure, machines and other production equipment, or in financial assets. Different countries, states and provinces have done so with a varying degree of success. Investing for Sustainability: The Management of Mineral Wealth highlights mineral rents investment funds in Norway, Alaska and Alberta, all of which derive considerable revenues from the production of petroleum bound to diminish over time. The book examines the institutional and political framework in which these funds are embedded and how successfully they have been used for making non-renewable petroleum wealth permanent. Investing for Sustainability: The Management of Mineral Wealth begins with a discussion of the elusive concept of sustainability. New technology and substitution has made a resource like peat obsolete long before it became exhausted physically. Jevons' famous book "The Coal Question" is discussed at some length as a case of unwarranted concern about the depletion of resources. The book also highlights other cases which strike a less happy note. Nauru, one of the smallest sovereign states in the world, has for decades lived off phosphate resources that are now running out. Nauru attempted to make its phosphate wealth permanent through investment funds but failed. Despite its success with its Permanent Fund, less of the oil wealth of Alaska has been made permanent than would appear warranted, and the same is true of Alberta and Norway. Judging from the experiences of the three funds, and the current political debate in Norway, Investing for Sustainability: The Management of Mineral Wealth suggests that it is essential that the citizenry at large benefit directly from mineral rents investment funds if they are to succeed.

Publish Date
Publisher
Springer US
Language
English
Pages
109

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Previews available in: English

Edition Availability
Cover of: Investing for Sustainability
Investing for Sustainability: The Management of Mineral Wealth
2001, Springer US
electronic resource : in English

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Book Details


Edition Notes

Online full text is restricted to subscribers.

Also available in print.

Mode of access: World Wide Web.

Published in
Boston, MA

Classifications

Dewey Decimal Class
333.7
Library of Congress
HC79.E5, HB71-74

The Physical Object

Format
[electronic resource] :
Pagination
1 online resource (ix, 109 p.)
Number of pages
109

ID Numbers

Open Library
OL27047210M
Internet Archive
investingforsust00hann
ISBN 10
1461356784, 1461516870
ISBN 13
9781461356783, 9781461516873
OCLC/WorldCat
852788468

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October 5, 2021 Edited by ImportBot import existing book
July 1, 2019 Created by MARC Bot import new book