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ECA Talk "Good Economics for Warmer Times: Evidence for Effective and Equitable Climate Action"

May 19, 2022



Photo of speakers and moderator at the ECA Talk

Presentation by Esther Duflo, Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics at the Massachusetts Institute of Technology (MIT)

  • The poorest countries will bear the worst effects of climate change and the highest costs in terms of economic production and higher mortality. Globally, combating climate change will require changes in behavior and consumption patterns. The capacity of humans to change behaviors might be underestimated and shifts in consumption would need to be made primarily in industrialized countries. 

    During this ECA Talk, Professor Duflo will discuss the disproportionate impact of climate change on people in poverty, and why countries need to invest in policy innovation, not just technological innovation, to confront climate change. She will highlight why evidence on the impact of climate solutions is crucial for effective and equitable climate action.

  • Esther Duflo photo

    Esther Duflo

    Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics, Department of Economics, Massachusetts Institute of Technology (MIT)

    Esther Duflo is the Abdul Latif Jameel Professor of Poverty Alleviation and Development Economics in the Department of Economics at the Massachusetts Institute of Technology and a co-founder and co-director of the Abdul Latif Jameel Poverty Action Lab (J-PAL). In her research, she seeks to understand the economic lives of the poor, with the aim to help design and evaluate social policies. She has worked on health, education, financial inclusion, environment and governance. Professor Duflo has received numerous academic honors and prizes including 2019 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. With Abhijit Banerjee, she wrote Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty, which won the Financial Times and Goldman Sachs Business Book of the Year Award in 2011.

    Carolina Sánchez-Páramo photo

    Carolina Sánchez-Páramo

    Global Director, Poverty and Equity Global Practice, World Bank

    Carolina Sánchez-Páramo, a Spanish national, is currently the Global Director of the Poverty and Equity Global Practice (GP) at the World Bank. Prior to this assignment, she was the Poverty and Equity GP Practice Manager in the Europe and Central Asia region. Carolina has worked on operations, policy advice and analytical activities in Eastern Europe, Latin America and South Asia, and was part of the core team working on the WDR2012, “Gender Equality and Development”. Her main areas of interest and expertise include labor economics, poverty and distributional analysis, gender equality and welfare impacts of public policy. She has led reports on poverty and equity, labor markets and economic growth in several countries, as well as social sector operations.

    Richard Damania photo

    Richard Damania

    Chief Economist, Sustainable Development Practice Group, World Bank

    Richard Damania is the Chief Economist of the Sustainable Development Practice Group, effective March 1, 2020. He has held several positions in the World Bank including as Senior Economic Advisor in the Water Practice, Lead Economist in the Africa Region’s Sustainable Development Department, in the South Asia and Latin America and Caribbean Regions of the World Bank. His work has spanned across multiple sectors and has helped the World Bank become an acknowledged thought-leader on matters relating to environment, water and the economy. Prior to joining the World Bank, he was a Professor of Economics at the University of Adelaide. He has published extensively with over 100 papers in scientific journals.


  • Date: May 19, 2022
  • Time: 10:00 – 11:30 AM EDT
  • Chair: Asli Demirgüç-Kunt, Chief Economist, Europe and Central Asia, World Bank
  • CONTACT: Ekaterina Ushakova