1. Ben Simuyandi DFID 27 May 2015 Introduction slide
I work in the growth team, in the growth and resilience department in DFID.
We work to deliver the economic development strategy. In particular, we work on diversification in economies, improving our understanding of jobs problems in developing countries, improving governance that supports economic development, and green growth.
I am going to talk briefly about the principles around which we aim to base our growth and climate programmes and the policies they imply.
And I will then talk about a framework that we use to help us think about trade-offs between growth and climate outcomes.

2. Transformative and inclusive growth
First principle
Photo – World Bank flickr.
First principle: transformative and inclusive growth is required for poverty reduction.
Developing countries need an economic transformation that diversifies the economy and creates productive jobs.
Work that we do to deliver this includes:
Promote global deals that improve the growth prospects of all countries.
Support poorest countries to promote development that maximises sustainable growth rates and promote inclusion

3. Transition to lower carbon development pathways
Second principle
Second principle: we can help countries transition to lower carbon development pathways.
Work that we can do to support this includes:
Supporting partners to mainstream climate change and environment in national strategies.
Help governments to access international climate financing (both multilateral sourcing and private capital).
Build capacity of government in designing bankable projects.

4. Economic resilience and risk management
Third principle
Third principle: economic resilience and better management of risks are critical to preventing people falling back into poverty.
Work that we can do to support this includes:
Ensuring new infrastructure and cities can withstand extreme weather events, and temperature and sea level rises.
We also promote diversification of economies, to better manage and finance resilience.
And social protection schemes and insurance mechanisms.

5. Economic stewardship of natural resources and environment
Fourth principle
Fourth principle: effective economic stewardship of natural resources and the environment needs to be fully integrated into national economic planning to avoid slowing growth.
Work that we can do to support this includes:
Supporting countries to factor environmental costs into national accounts and business investments.
Building capacity of partner institutions.
Supporting countries so that natural resources are managed transparently and revenues are used for equitable investment.

6. Modernise international architecture
Fifth principle
And five: we need to modernise the international development, climate and finance architecture to deliver integrated policies for sustainable development.
These are international actions in international fora. G20, COP21, financing for development, etc.

7. Recognise trade-offs Trade-offs
Some policies that are good for climate and the environment and good for growth, but also some trade-offs.
Three groups
The first group consists of strategies and policies which are consistent from growth, poverty reduction and environmental and climate perspectives.
The second group involves structured decisions over trade-offs. There is an increasing need to factor in the longer term impacts and social and political trade-offs. Choices over energy mix, and far-sighted decisions on patterns of urbanisation are examples of this group.
The third group are policies that address climate and environmental externalities and will support sustained poverty reduction in the longer term but have less immediate poverty reduction effects.