Expanding domestic capacity in developing countries for the practice of environmental economics is crucial for accelerating countries’ progress in sustainable development. The World Bank has recently committed to providing $US175,000 of additional funding for research by EfD Fellows in developing countries on key topics for the Bank and EfD.
“This will be a win-win opportunity,” observed Mike Toman, the leader of the initiative from the Bank’s research department. “In addition to expanding resources available for EfD fellows, the Bank will benefit from working more closely with leading environmental economics researchers in partner countries on priority research programs, expanding the Bank’s own capacities for high-quality, policy-relevant work.”
It is expected that the use of the funds will begin with the current cycle of project proposal preparation by EfD centers in advance of the meeting this fall in Cape Town.