Synergy Vol 6 No 1 Autumn 2002 Murdoch University

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Banking on the environment

Environmental issues in Pacific nations will soon be higher on the agenda at the Asian Development Bank, thanks to a project recently completed by Dr David Annandale.

Dr Annandale has been finding ways to include environmental issues in the planning cycle used by the Bank to divert funds to Pacific nations.

“Traditionally funding decisions would be made by completing an economic cost benefit analysis, but this new approach will also incorporate environmental and social factors very early on,” he said.

“The Pacific region is facing increasing environmental pressures such as rapid deforestation, pollution and the loss of biological diversity.

“While the Asian Development Bank has been providing support in addressing the specific vulnerabilities of Pacific nations such as poverty and rapid population growth, its environmental assistance program has been rather ad hoc and has lacked a strong strategic direction.”

Since January, Dr Annandale has been working with stakeholders and the bank to establish a Pacific Regional Environmental Strategy that will help to direct funding for the next five years.

“This research aims to mainstream environmental priorities, which, until now, have focused mainly on ameliorating damage,” he said.

Dr Annandale has extensive experience in strategic planning and reform processes in large institutions, particularly in small island states.

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