WhitePaperThinkingStrategically:UsingResourceRevenuestoInvestinaSustainableFutureFebruary2019WorldEconomicForum91-93routedelaCapiteCH-1223Cologny/GenevaSwitzerlandTel.:+41(0)228691212Fax:+41(0)227862744Email:contact@weforum.orgwww.weforum.org©2018WorldEconomicForum.Allrightsreserved.Nopartofthispublicationmaybereproducedortransmittedinanyformorbyanymeans,includingphotocopyingandrecording,orbyanyinformationstorageandretrievalsystem.ThiswhitepaperhasbeenpublishedbytheWorldEconomicForumasacontributiontoaproject,insightareaorinteraction.Thefindings,interpretationsandconclusionsexpressedhereinareare-sultofacollaborativeprocessfacilitatedandendorsedbytheWorldEconomicForum,butwhoseresultsdonotnecessarilyrepresenttheviewsoftheWorldEconomicForum,northeentiretyofitsMembers,Partnersorotherstakeholders.3ThinkingStrategically:UsingResourceRevenuestoInvestinaSustainableFutureForewordExecutivesummaryTheneedforchange:UnderstandingtherapidlyevolvingglobalenergylandscapeElectrificationRenewableenergytechnologyElectricvehiclesClimatepoliciesFossilfuelsandclimatechangeGlobaldemandFromscarcitytoabundanceEnergyfragmentationanddecentralizationChange:TheonlyinevitabilityStrandednations:Therisksforfossil-fuel-richcountriesDecliningassetvaluesRacetomonetizeMultiplepointsofexposureDiversificationRecentdevelopmentsRecognizingrisksFromstabilizationtodiversification:UsingresourcerevenuestoinvestinasustainablefuturePrecautionarybuffersSmoothconsumptionDevelopmentanddiversificationThenextstepinpublicinvestmentTimetothinkstrategicallySeizingtheopportunityLong-terminvestmenthorizon5677810101112121213141415151618192020222426272727ContentsPolicyintegrationCapitaldepthandfacilitatingFDIEquitycapitalasstrategiccontrolRecognizingrisksConclusionContributorsEndnotes282929303132334ThinkingStrategically:UsingResourceRevenuestoInvestinaSustainableFuture5ThinkingStrategically:UsingResourceRevenuestoInvestinaSustainableFutureForewordThechallengestheworldfacesfromclimatechange,andtherelatedshiftsintheglobale...
