Soru

Read the following passage carefully:

Sovereign wealth funds (SWFs) in resource-dependent economies have historically operated under fiscal stabilization mandates, absorbing commodity price shocks while insulating macroeconomic policies from volatility. However, the accelerating imperatives of global climate transitions necessitate a structural reimagining of these state-capital instruments. Integrating long-term environmental sustainability into sovereign investment portfolios is no longer merely an ethical posture, but a fiduciary requirement to hedge against stranded physical assets and carbon-pricing liabilities. Crucially, the transition requires navigating a dual vulnerability: while divesting from fossil fuels protects fund capital against long-term devaluation, abrupt capital reallocations can trigger severe domestic revenue shortfalls in economies where transition infrastructure remains underdeveloped. Effective reform therefore demands that SWFs shift from passive capital preservation to active catalytic financing, directing resources toward resilient domestic infrastructure and green technology transfer. Simultaneously, governance frameworks must enforce strict transparency protocols to prevent 'greenwashing' and political rent-seeking in green asset allocation. Balancing immediate macroeconomic stabilization with long-term ecological hedging requires institutional autonomy decoupled from short-term electoral cycles. Ultimately, transforming sovereign wealth management is essential for ensuring intergenerational equity and securing economic resilience in an increasingly climate-constrained global financial landscape.

Which of the following statements best reflects the main idea of the passage?