| Item type |
ディスカッションペーパー / Discussion Paper(1) |
| 公開日 |
2024-09-03 |
| タイトル |
|
|
タイトル |
The UK’s New Sovereign Wealth Fund: Some Preliminary Observations |
|
言語 |
en |
| 言語 |
|
|
言語 |
eng |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Sovereign Wealth Funds |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
United Kingdom |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Net Zero |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Public Investment |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Market Failure |
| キーワード |
|
|
主題Scheme |
Other |
|
主題 |
Critical Industries |
| 資源タイプ |
|
|
資源タイプ |
technical report |
| ID登録 |
|
|
ID登録 (DOI) |
10.24545/0002000103 |
|
ID登録タイプ |
JaLC |
| 著者 |
LIM,Guanie
LI,Chen
AWEKE, Wellington N.K
|
| 著者所属 |
|
|
値 |
政策研究大学院大学 / National Graduate Institute for Policy Studies |
| 著者所属 |
|
|
値 |
The Chinese University of Hong Kong, Hong Kong |
| 著者所属 |
|
|
値 |
Ministry of Finance, Ghana |
| 抄録 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
The newly elected Labour government of the United Kingdom (UK) introduced the National Wealth Fund (NWF) in July 2024, a £7.3 billion ($9.34 billion) initiative aimed at bolstering investment in key infrastructure projects, particularly in industries crucial for the green energy transition. The NWF is intended to attract private sector investment, with the government partly sharing the financial risk of costly projects with long gestation period. Chancellor Rachel Reeves describes the fund as a ‘concierge’ for investors, designed to streamline investment into the UK. However, there is debate about whether the NWF is an orthodox sovereign wealth fund found in countries with budget and/or trade surpluses such as Norway and Singapore. Instead, it appears more akin to a development or strategic sovereign wealth fund, channelling capital towards industries critical to the UK’s long term economic health. The fund’s initial budget, although significant in and of itself, pales in comparison to the world’s largest sovereign wealth funds and may fall short of the estimated £50-60 billion ($64-77 billion) needed annually to meet the UK’s net zero goals. Additionally, concerns have been raised about the fund’s sustainability and whether it can effectively address the UK’s underinvestment malaise, which stems from structural factors such as a blocker-friendly planning system and postBrexit political uncertainties. |
|
言語 |
en |
| 発行年 |
|
|
値 |
2024-09 |
| 書誌情報 |
en : GRIPS Discussion Papers
Report No. 24-9,
発行日 2024-09-03
|
| 出版者 |
|
|
出版者 |
GRIPS Policy Research Center |
|
言語 |
en |
| 著者情報 |
|
|
内容記述タイプ |
Other |
|
内容記述 |
https://www.grips.ac.jp/list/en/facultyinfo/lim_guanie/ |
| 著者版フラグ |
|
|
出版タイプ |
AM |
|
出版タイプResource |
http://purl.org/coar/version/c_ab4af688f83e57aa |
DP24-9.pdf
