War and geopolitical rivalry. The climate crisis and loss of nature. Technological upheaval. High levels of public debt across much of the world.
Each of these could cause significant losses in value for Norway’s oil fund, according to new calculations by the fund itself. Combined, they could have even greater consequences.
How safe is Norway’s national nest egg, really? How should the fund account for risks that cannot be diversified away — risks that affect the entire market at the same time? Does the way Norway’s oil fund is managed need to change in response to a changing world?
Alm – Centre for Economic Policy and KÅKÅnomics invite the public to a discussion on the Government Pension Fund Global and systemic risk.
Olav Slettebø, Chief Economist at Alm – Centre for Economic Policy, will open the event by presenting the key findings of a new report by Alm and IEEFA.
This will be followed by a discussion featuring:
- Ellen Reitan, State Secretary at the Ministry of Finance
- Further participants to be announced (TBA)
The discussion will be chaired by Kari Elisabeth Kaski, Director of Alm – Centre for Political Economy.
A collaborative event with Alm – Centre for Economic Policy.

