¡¡¡¡By Tadao Chino (President of the Asian Development Bank)/(China Daily)

    BEIJING, Dec. 3 (Xinhuanet) -- Economic growth is essential for poverty reduction. However rapid economic expansion in the developing world is often associated with environmental degradation.

    Here in Asia, the tremendous growth over the past few decades has put sustainable development at the forefront of the public agenda. Asian populations are now suffering from the huge costs of growth: vastly diminished mangrove forests, dying coral reefs, the depletion of fisheries, land degradation, alarming levels of air pollution, the extinction of species, etc.

    Growth must continue. Sustainable growth is key to achieving a poverty-free Asia-Pacific region. But the "grow now, clean up later" approach to development is simply not sustainable.

    Fortunately, we are now beginning to see a shift in political will in Asia to address the environmental consequences caused by blindly-pursuing growth. We also see the private sector, especially companies based in Europe, North America and Japan, moving towards greater corporate social and environmental responsibility and accountability.

    The conservation community has led the way in building successful frameworks for co-operation with the private sector, but much more can and should be done. The Asian Development Bank (ADB) is currently preparing a report entitled "Asian Environmental Outlook 2005," to be completed early next year, which will examine how co-operative approaches can promote environmentally sustainable development.

    The report will explore how corporations can improve their environmental performance and accountability, as well as come up with new business opportunities as the region moves towards a more sustainable growth pattern.

    There is tremendous scope for building partnerships among governments, the private sector, the development community and non-governmental organizations to address environmental sustainability in a collaborative and more effective manner.

    At ADB, we are committed to working with our partners to halt environmental degradation. ADB is working with the Global Environmental Facility and China to arrest land degradation in North and Northwest China. We are working with partners in the Pacific to better manage fish stocks and protect coral reefs. We are also working with partners in Bangladesh, Bhutan, India and Nepal to improve regional air quality management in South Asia.

    ADB relies on institutions like the World Conservation Union (known as the IUCN) and others to complement and build on our development expertise by contributing specialized knowledge and experience. ADB and IUCN have collaborated on a number of environmental and conservation projects over the years. We have just signed a Memorandum of Understanding that reinforces our partnership, and acknowledges our common aims of poverty reduction and environmentally sustainable development.

    Both institutions recognize, given the scale and complexity of the development challenges facing Asia and the Pacific, collaboration is essential to build on one another's strengths, and to create a whole that is greater than the sum of its parts.

    Institutional collaboration is also fundamental for addressing the challenge of meeting the Millennium Development Goals (MDGs), the international community's agreed targets for improving global living conditions by 2015. The complex and inter-related issues of poverty, disease, inequality and environmental degradation require partnerships at all levels to strengthen our performance, and to achieve lasting results.

    In addition to forging partnerships, building local capacity is key to progress in achieving the MDGs. In Asia, there is a need for significant capacity development across most sectors that are essential to MDG achievement. Good governance, institutional capacity and political will must be aggressively pursued in all sectors, including health, agriculture, education and environmental protection.

    Another factor central to achieving the MDGs is adequate financial resources. As we all know, foreign direct investment is now much greater than official development assistance in the developing world, especially in Asia. However, we must ensure private capital flows contribute to sustainable and equitable economic growth. We must ensure the level of official development assistance is adequate to reduce poverty and achieve the MDGs.

    Many of the necessary elements are coming into place: we see a growing commitment among governments to act, greater levels of corporate responsibility and new models of partnership as exemplified by the ADB-IUCN relationship.

    For Asia and the Pacific, eliminating poverty and protecting the environment will require additional partnerships, innovative approaches and even greater commitment in the years to come. By working together, we can create a brighter and greater future for all people in Asia and the Pacific, and of the entire world.

    (China Daily)