ESG and Of Interest News for the Past Year
The Political Economy of GovTech
July 21, 2023--Summary:
The digitalization of public services, known as GovTech, can disrupt traditional mechanisms to promote economic development (for example, financial inclusion, education, and health care), improve the delivery of public services, and expedite development objectives.
For GovTech to be successful in enhancing the public sector's efficiency, transparency, and inclusiveness, its design and implementation require that private interests be aligned with the overarching goal of a "citizen-oriented" digitalization.
Because the interests of the state and private providers are often antagonistic, the social dividends from GovTech remain contingent on implementing the appropriate market structure through adequate property rights and regulatory oversight.
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Source: imf.org
Livable Planet Possible with More Efficient Use of Natural Resources, Report Says
June 27, 2023--More efficiency could help tackle climate change, economic productivity, food security, health
Global challenges such as climate change, economic productivity, food and water security, and health could be overcome if countries use their natural resources more efficiently, and this is possible without sacrificing the environment or human prosperity, a new report says.
Combining innovative science, data sources, and biophysical and economic models, the Nature's Frontiers: Achieving Sustainability, Efficiency, and Prosperity with Natural Capital report offers a novel way to address the fundamental challenge of sustainability. It identifies how and where countries can use natural resources more efficiently so they can prosper without damaging the planet-or going beyond their natural efficiency frontiers.
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Source: worldbank.org
Thriving: Making Cities Green, Resilient, and Inclusive in a Changing Climate
June 23, 2023--Globally, 70 percent of greenhouse gas emissions emanate from cities. At the same time, cities are being hit increasingly by climate change related shocks and stresses, ranging from more frequent extreme weather events to inflows of climate migrants.
This report analyzes how these shocks and stresses are interacting with other urban stresses to determine the greenness, resilience, and inclusiveness of urban and national development. It provides policymakers with a compass for designing tailored policies that can help cities and countries take effective action to mitigate and adapt to climate change.
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Source: worldbank.org
