The energy transition in Asia: 'leap frogging' development?

Melbourne Business School
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Caitlin McGrane

caitlin.mcgrane@unimelb.edu.au

T: +61 3 9035 9458

This public lecture is being held as a part of the Second Lateral Learning Program on Smart Grid Technologies and Implications for Inclusive Development at The University of Melbourne in collaboration with the Asian Development Bank (ADB).

This is the second time the workshops have been run and are focused on promoting the social and gender equity of clean energy technologies in developing nations. Speaker Priyantha Wijayatunga from the ADB will outline how developing nations must be supported in achieving opportunities and achieving inclusive growth. The abstract for this presentation is below:

A deve­lopment strategy anchored in inclusive growth will have two mutually reinforcing strategic focuses. First, high, sustainable growth will create and expand economic opportunities. Second, broader access to these opportunities will ensure that members of society can participate in and benefit from growth. Without proper attention and planning, it will become increasingly difficult for growth to reach the impoverished who remain excluded by circumstance, poor governance, and other market-resistant obstacles.

The region must promote greater access to opportunities by expanding human capacities, especially for the disadvantaged, through investments in education, health, and basic social protections. It must also improve the poor’s access to markets and basic productive assets by putting in place sound policies and institutions.

Finally, social safety nets must be strengthened to prevent extreme 3 STRATEGY2020 Vision and Strategic Agenda It is now apparent that not only the pace of growth but the pattern of growth matters 12 deprivation. ADB’s support for achieving inclusive growth in DMCs will include investment in infrastructure to achieve high sustainable economic progress, connect the poor to markets, and increase their access to basic productive assets.

ADB will support investment in education and essential public services, such as water and sanitation, which particularly benefit the poor and women. These investments will provide the opportunity for all to improve their standards of living, thereby contributing to economic growth, poverty reduction, and the mitigation of extreme inequalities.

The majority of the poor in the region, including most of the absolute poor, are women. Women comprise the largest group among those excluded from the benefits of the region’s economic expansion. ADB will continue to emphasise gender equality and the empowerment of women as fundamental elements in achieving inclusive growth. It will also work to increase investments aimed at providing women with better access to education and other economic resources, such as credit.

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