| Oil revenues held in sovereign wealth funds (SWFs) based could become key to states’ efforts to diversify into alternative energy sectors, according to the report published this week by the Geneva-based non-governmental organization World Economic Forum (WEF).
The report said SWFs – in addition to their role as stabilization funds to counteract the high volatility of resource prices and longer-term uncertainty – could decrease states’ dependence on traditional energy resources by investing in renewables...............................................Full Article: Source
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