Economywide Policies and the Environment: Lessons from Experience

Front Cover
The following are immediate steps that can be taken by decision makers: 1) more systematic efforts are needed to monitor environmental trends and anticipate emerging problems, when policy reform proposals are being prepared; 2) serious potential environmental impacts of proposed economywide reforms should be carefully assessed, to the extent that data and resources permit; 3) where potential adverse impacts of economywide reforms can be identified and analyzed successfully, targeted complementary environmental policies or investments need to be implemented - to mitigate environmental damage; and 4) a follow up system for monitoring the impacts of economic reform programs on environmentally sensitive areas should be designed, and resources made available to address environmental problems that may arise during implementation.

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Contents

Linkages Between the Environment and Economywide
7
Efficiency Oriented Policies
15
Unaddressed Policy Market or Institutional Imperfections
23
Copyright

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About the author (1995)

An outstanding authority and author in energy economics and international development, Mohan Munasinghe received his undergraduate education in engineering at Cambridge University and went on to McGill University, receiving a Ph.D. in electrical engineering in 1973. He then turned his attention to economics, receiving an M.A. at Concordia College (Montreal) in 1975. Since that year, he has been division chief for environmental policy at the World Bank in Washington, D.C. His work at the World Bank has related to projects in developing countries concerning energy, electricity, transportation, water, urban infrastructures, and telecommunications. He has been a prolific author, writing nearly 200 technical papers and numerous books and monographs. In addition, Munasinghe has been active in the affairs of his native country, Sri Lanka, where he has served as senior energy advisor to the president, a board member of the Natural Resources, Energy, and Science Authority, governor of the Arthur Clarke Center for Modern Technologies, and founder of the Energy Managers Association. He is a fellow of the National Academy of Sciences of Sri Lanka, the Institution of Electrical Engineers (UK), and the Institute of Engineers of Sri Lanka. Munasinghe's honors include the Surha Gold Medal, 1985 (Lions International); International Award, 1987 (International Association of Energy Economists); and the Prize for Outstanding Contribution, 1988 (Fifth Latin American and Caribbean Conference on Power and Energy).

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