{"product_id":"9781461356783","title":"Investing for Sustainability: The Management of Mineral Wealth","description":"\u003ch1\u003eInvesting for Sustainability: The Management of Mineral Wealth\u003c\/h1\u003e \u003ch2\u003eHannesson, Rognvaldur\u003c\/h2\u003e \u003cp\u003eMineral 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. \u003cem\u003eInvesting for  Sustainability: The\u003c\/em\u003e \u003cem\u003eManagement of Mineral Wealth\u003c\/em\u003e 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. \u003cbr\u003e  \u003cem\u003eInvesting for Sustainability: The Management of Mineral Wealth\u003c\/em\u003e  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. \u003cbr\u003e  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,  \u003cem\u003eInvesting\u003c\/em\u003e \u003cem\u003efor Sustainability: The Management of Mineral  Wealth\u003c\/em\u003e suggests that it is essential that the citizenry at large  benefit directly from mineral rents investment fundsif they are to  succeed.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-10-24\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003e ISBN-10: 9781461356783\u003c\/p\u003e \u003cp\u003eISBN-13: 9781461356783\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-1687-3\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 109\u003c\/p\u003e ","brand":"Springer","offers":[{"title":"Default Title","offer_id":44340563837068,"sku":"9781461356783","price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781461356783_d5723a38-ff9b-4264-9cf1-d88a2bb0c0cd.jpg?v=1755044691","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781461356783","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}