Adopting sustainable procurement is a $13 trillion opportunity for Asia and the Pacific to achieve its economic and social goals. This will take leadership from governments and development organizations, including multilateral development banks.
Technology is crucial to the transition from fossil fuels to renewable energy but it must be accompanied by community-wide behavior changes if it is to be successful, particularly in developing countries.
Traditional cost-benefit analysis tends to undervalue long-term investments, especially in natural capital. Discount rates often overlook impacts beyond 20 years. To rectify this, we need policies that prioritize long-term sustainability.
Large language model artificial intelligence, such as ChatGPT, Bard and others, has great potential in the world of international development. But – at least for now – it also has serious limitations.
Development efforts should provide all individuals, including members of the lesbian, gay, bisexual, transgender, and intersex community, with the opportunity to live with the identities they choose.
Behavioral insights offer effective tools to come up with innovative solutions to address people’s behavior and biases regarding climate change.
As the region recovers from the pandemic there is an opportunity to rethink how development is undertaken and to deploy mission-oriented approaches to policy making.
There has been a sharp contrast between evidence and policies during the pandemic, but these actions will encourage evidence-informed policymaking as we move forward.