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Table of contents (8 chapters)
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About this book
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.
Authors and Affiliations
Bibliographic Information
Book Title: Investing for Sustainability
Book Subtitle: The Management of Mineral Wealth
Authors: Rögnvaldur Hannesson
DOI: https://doi.org/10.1007/978-1-4615-1687-3
Publisher: Springer New York, NY
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eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media New York 2001
Hardcover ISBN: 978-0-7923-7294-3Published: 28 February 2001
Softcover ISBN: 978-1-4613-5678-3Published: 24 October 2012
eBook ISBN: 978-1-4615-1687-3Published: 28 June 2011
Edition Number: 1
Number of Pages: IX, 109
Topics: Environmental Economics, Economic Geology, Energy Policy, Economics and Management, Environmental Management