In this episode of the Sustainable Ambassador Podcast, I have an incredible conversation with Richard Damania, the Chief Economist at the World Bank, about his work and the role of economics (and economists) to systemically understand, and solve, a wide array of environmental, social, and economic challenges.
Timestamps:
00:12 - Welcome to Sustainability Ambassador Podcast
00:40 - Richard Damania Introduction
01:40 - Economic Progress & Impact to Environment
02:30 - Removing Subsidies & Promoting Greener Practices
03:25 - Making Money Being Green
04:22 - Water Economics
05:20 - Getting Away from Subsidized (Dirty) Economies
06:15 - Role of Regulations
07:15 - Telling the Economic Story (of Sustainability)
08:45 - Marrying the Science of Sustainability with Economics
10:25 - Becoming a Economist, focused on Sustainability
10:55 - How can Economics Affect Change
12:00 - Granularity of Analysis
12:30 - Balancing Here and Now with Future Risk
13:00 - Tools for Data Gathering and Analysis
13:30 - Biggest Gaps of Concern
14:00 - Personal Fuel Sources
14:55 - Shifting from Academics into World Bank
15:30 - Professional Development & Constant Learning
16:15 - Traits of Successful Economist
17:05 - Career Advice to Young Professionals
About Richard
Richard Damania is the Chief Economist of the Sustainable Development Practice Group.
He has held several positions in the World Bank including as Senior Economic Advisor in the Water Practice, Lead Economist in the Africa Region’s Sustainable Development Department, in the South Asia and Latin America and Caribbean Regions of the World Bank.
His work has spanned across multiple sectors and has helped the World Bank become an acknowledged thought-leader on matters relating to environment, water and the economy. Prior to joining the World Bank he was an academic in Australia where he held numerous positions.
He has published extensively with over 100 papers in scientific journals, has held numerous advisory positions with governments and in international organizations and serves on the Editorial Board of several prestigious scientific journals.
Follow Richard
Website: https://blogs.worldbank.org/team/richard-damania
LinkedIn: https://www.linkedin.com/in/richard-damania-081b155/
Detox Development - https://www.worldbank.org/en/topic/climatechange/publication/detox-development
About Collective Responsibility
Based in Shanghai, Collective Responsibility is a strategic advisory firm founded by Richard Brubaker, one of Asia’s most recognized authorities on sustainability, innovation and responsible leadership.
Founded with the fundamental belief that a sustainable world can only be achieved through awareness of issues, finding tangibility in business cases, and development of cross-sector collaboration, Collective Responsibility acts as a knowledge base, catalyst, and facilitator between stakeholders.
Our mission is to:
– Create a knowledge base and catalyze discussion of issues related to the development of civil society, business sustainability and social development in Asia.
– Develop tangible interests, engagement, and action on issues of sustainability (economic, environmental and societal).
– Develop organizational capacity with the aim to help create stable and profitable enterprises.
Contact Us:
Social@coresponsibility.com
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