Co-chairs: Chile and Kazakhstan
Sovereign wealth funds manage a large share of the world’s invested capital. The action or inaction of these funds on climate finance is of crucial importance to the world’s ability to reach the goals of the Paris Agreement. However, sovereign wealth funds have so far played a very limited role in climate finance. This report provides guidance on how governments can support their sovereign wealth funds in becoming climate-aligned commercial investors. The establishment of synergies between sovereign wealth funds and strategic investment funds can help scale up investments in clean-energy infrastructure.
Transforming natural finite assets into human, social and physical capital is a key challenge for natural resource-rich countries. This report distils lessons from the OECD Policy Dialogue on Natural Resource-based Development on natural resource revenue management and spending for sustainable development. This includes a guide on how natural resource-rich countries can ensure budget sustainability to support consistent spending over time. Further analysis focuses on the management of spending versus saving and the effectiveness of different spending mechanisms for sustainable development, making recommendations to address common challenges.