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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