Oil-based sovereign wealth funds

Stella Tsani and Chrysoula Chitou

Chapter 91 in Elgar Encyclopedia of Energy Economics, 2025, pp 357-360 from Edward Elgar Publishing

Abstract: This entry discusses oil-based sovereign wealth funds, existing works, and directions for future research on the topic. Traditionally referred to in the literature as oil funds, oil-based sovereign wealth funds are established by governments using revenues from hydrocarbon extraction, with the aim to stabilize hydrocarbon-dependent economies and save for the future. They invest in financial assets, often with exposure to oil and gas. Assessments of their effectiveness vary, with successes like Norway's oil-fueled pension fund contrasted with failures like Venezuela's fund. Differences in legal frameworks and management styles influence outcomes. Recently, there is a trend of oil funds transitioning to sustainable investments, aligning with global sustainability goals. However, research on their role in sustainable finance is limited, presenting opportunities for future exploration to provide insights and policy recommendations, particularly for oil-rich nations.

Keywords: Oil Funds; Sovereign Wealth Funds; Energy Transition; Sustainability; Norway; Oil and Gas (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035310364
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035310371.00096 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22238_91

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Jack Sweeney ().