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First Movers Coalition to Create up to $20 Billion Value Chain for Sustainable Farming

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First Movers Coalition to Create up to $20 Billion Value Chain for Sustainable Farming - TRAVELINDEX.comDubai, United Arab Emirates, December 1, 2023 / TRAVELINDEX / The World Economic Forum, with support from the Government of the United Arab Emirates, along with more than 20 corporate and research partners in the food sector, launched today the First Movers Coalition for Food. The initiative uses the combined procurement power for sustainably produced farming products to speed up the adoption of sustainable farming, innovations and transitional funding.

Food systems account for more than 30% of global emissions and are critical in achieving the Paris Agreement and limiting global warming to below 1.5C. Aggregating demand for sustainably produced and low-emission agricultural commodities, therefore, can accelerate the transition to net-zero, nature-positive transitions in food systems.

“Through the First Movers Coalition for Food, leading global companies will send demand signals to catalyse the acceleration and adoption of environmentally friendly farming methods and green innovations. This collective public-private partnership will help de-risk upfront investments into more sustainable food production systems,” said Børge Brende, President of the World Economic Forum.

The First Movers Coalition for Food comprises corporate champions from multinational and regional companies with significant purchasing power, value chain partners, farmer organizations and research partners alongside governments to improve existing food systems.

The new initiative aims to accelerate sustainable farming and production methods and technologies by leveraging collective demand for low-carbon agricultural commodities. It will do so through the power of aggregated demand, aiming for a combined procurement value for low-carbon commodities of $10-$20 billion from coalition members. Corporate partners currently participating in the coalition account for a combined revenue of $2.1 trillion, with operations globally.

Founding members of the First Mover Coalition for Food are leading companies that recognize the need for more sustainable practices and innovation in food production systems. Starting mid-December 2023, the World Economic Forum and participating companies and governments will work jointly to identify the demand commitments and pathways to support and mobilize the ecosystem to enable such transformation. The coalition is expected to publish its initial results of the collaborative work in the summer of 2024.

“The way we produce and eat food causes 30% of the world’s greenhouse gas emissions, uses over 70% of the world’s freshwater, and is responsible for 80% of deforestation and habitat loss in tropical areas,” said Mariam Almheiri, Minister of Climate Change and Environment of the United Arab Emirates. “If we don’t quickly find new, sustainable ways to produce and consume food, these problems will worsen in only a couple of decades. Showing clear demand for improvements in sustainable agriculture production methods is crucial for reaching our global climate goals, and we need to act now.”

Ahmed Galal Ismail, Chief Executive of Majid Al Futtaim, added: “We recognize how our role in reducing emissions across our value chains has an impact on the long-term sustainable health of people and the planet. As an increasing number of customers make the everyday choice to shop sustainably, we as a retailer have the responsibility to deliver more responsibly sourced and produced products. By joining the First Movers Coalition for Food initiative, we aim to amplify the demand for low-emission products and partner with those promoting nature-positive practices, fostering resilient agricultural systems with improved biodiversity and reduced water usage.”

Manny Maceda, Chief Executive Officer and Chairman of the Board of Bain & Company said the coalition will transform how companies procure agricultural commodities, enabling a shift toward eco-friendly production. “This will decrease the risks associated with required investments in low-emissions agri-food production, make it easier to expand to net-zero and nature-positive technologies, and help farmers adopt greener practices such as regenerative agriculture.”

About the First Movers Coalition
The First Movers Coalition for Food builds on the success of the First Movers Coalition for Industry, launched at COP26 in Glasgow by US President Joe Biden and the World Economic Forum in 2021.

The First Movers Coalition for Industry aggregates purchasing demand to create early markets for innovative clean technologies across eight hard-to-abate industry sectors: aviation, shipping, trucking, steel, aluminium, concrete and cement, and chemicals.

To date, the coalition has garnered the support of more than 13 government partners and 90 companies with purchasing commitments of more than $15 billion. This is the most significant demand signal for clean technologies for industrial sectors that the world has ever seen.

First Movers Coalition for Food members
Initial partners working jointly on shaping and accelerating significant demand signals and green procurement commitments include Bayer AG, Cargill, Danone, Louis Dreyfus Company, Majid Al Futtaim Holding Llc, Nestlé, NR Instant Produce PCL, Olam Agri, PepsiCo Inc., Sekem Group, UPL Ltd, Tyson Foods Inc., JBS S.A., and Yara International ASA. More companies will be announced in the coming months. Expert organizations supporting the process include Bain & Company, Ginko Bioworks, Grow Asia, IDH, Indigo Ag, International Rice Research Institute, Temasek Life Sciences Laboratory, Tropical Forest Alliance, and University of Tokyo. The initiative is endorsed by the Government of the United Arab Emirates.

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First published at TravelNewsHub.com – Global Travel News

Global Leaders Advance Responsible AI Development at Governance Summit

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Global Leaders Advance Responsible AI Development at Governance Summit - TOP25RESTAURANTS The World's First AI-Powered Restaurant GuideSan Francisco, California, United States, November 23, 2023 / TRAVELINDEX / The World Economic Forum’s AI Governance Summit brought together more than 200 influential leaders from the Forum’s AI Governance Alliance (AIGA) and the broader artificial intelligence community to exchange insights and collaborate on the establishment of action plans to promote the responsible development and deployment of generative AI on a global scale.

– More than 200 leaders came together at the World Economic Forum’s AI Governance Summit to promote the responsible development and deployment of generative artificial intelligence.
– Participants called for the establishment of a robust international AI governance framework.
– Topics of discussion included the importance of closing the digital divide and trade-offs in open-source technology.

The event marked a crucial milestone in the ongoing journey of responsible AI development, following the inaugural Responsible AI Leadership conference held in April 2023. The proceedings of that conference led to the publication of the Presidio Recommendations on Responsible Generative AI and the establishment of the AI Governance Alliance, laying the foundation for continued progress in the AI space.

Participants from government, business, academia and civil society emphasized the immense opportunities of integrating AI across diverse sectors, including applications in agriculture and healthcare. They also underscored the pressing need for responsible development and deployment in line with global ethical standards to mitigate potential risks including safety. Key topics of discussion included adaptive and interoperable regulatory frameworks and harmonized standards.

“As we drive innovation in the realm of generative AI, it is important to concurrently navigate existing and novel risks while unlocking unprecedented transformational opportunities, ensuring that progress is responsibly managed for the benefit of global society,” said Jeremy Jurgens, Managing Director, World Economic Forum.

Crucially, the conversations extended beyond technologically advanced nations. Participants actively explored strategies to ensure that the benefits of AI development are inclusive, reaching not only developed nations but also those developing countries and regions currently lacking the capacity for independent AI model implementation and training. To bridge the digital divide, they called for increased access to critical infrastructure such as data, cloud and computing, along with necessary foundations for better training and education.

Key takeaways from the meeting include:

– Recognizing open source and innovation debate centres to address heightened scrutiny of foundation model releases, involving concerns about risks, transparency and governance, and requiring clear definitions and thoughtful consideration of benefits and downsides for frontier model safety and innovation.
– Promoting global access to vital digital and AI resources, which requires strong public-private collaboration.
– Acknowledging the importance of data, cloud services, computational power and training infrastructure as crucial to bridging the digital divide.
– Advancing global AI governance, which involves developing adaptive regulations, harmonizing standards and fostering ongoing discussions for effective international mechanisms.

About the AI Governance Alliance
The AI Governance Alliance is a World Economic Forum initiative focused on responsible generative artificial intelligence (AI). It brings together influential regional voices and global stakeholders to harness the benefits of generative AI systems and technologies while ensuring equitable and sustainable global impacts.

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First published at TravelNewsHub.com – Global Travel News

Cut Global Emissions 7% Annually to 2030 to Maintain Paris-Agreed Global Warming Limit

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Cut Global Emissions 7% Annually to 2030 to Maintain Paris-Agreed Global Warming Limit - TRAVELINDEX - SUSTAINABLEFIRST.comGeneva, Switzerland, November 11, 2023 / TRAVELINDEX / In the lead-up to the UN’s COP28 climate conference, the world’s largest CEO-led community committed to accelerating the net-zero transition today calls on businesses and governments to further slash global carbon emissions to meet the Paris Climate Agreement goals.

According to a report by the Alliance of CEO Climate Leaders, in collaboration with the Boston Consulting Group (BCG), emissions must be cut back by 7% each year from now until 2030 to limit global warming to 1.5°C, as agreed in Paris in 2015.

“The urgency and scale of the climate crisis demand immediate and coordinated action at a global level,” said Pim Valdre, Head of Climate Ambition Initiatives at the World Economic Forum. “The cost of inaction is simply too high, and our shared responsibility is to secure a sustainable and prosperous future for all.”

The report, The State of Climate Action, says that “dramatic action” is needed to close the gap. This includes shorter-term net-zero national and corporate commitments, faster deployment and funding of green technologies, and stronger global collaboration to ensure a just transition. The report follows an open letter from more than 100 CEOs and senior executives from the Alliance to world leaders ahead of COP28 urging for a phase-out of fossil fuels and a massive scale-up of renewable energy and carbon removal.

“The findings in this report are a wake-up call to the world, reaffirming that the status quo is no longer an option,” said Rich Lesser, Global Chair of Boston Consulting Group and Chief Advisor to the World Economic Forum’s Alliance of CEO Climate Leaders. “Governments, companies and other stakeholders must act in lock step to meet our ambitious climate goals. It is our collective responsibility to build a more resilient and greener future for generations to come, and we are unwavering in our mission to make that a reality.”

The Alliance of CEO Climate Leaders, facilitated by the World Economic Forum, consists of more than 120 top companies from diverse industry sectors and regions, representing more than $4 trillion in total revenues and 12 million employees.

Tackling insufficient national and corporate commitments

According to the report, as of mid-2023, the share of global emissions covered by national net-zero targets exceeded 80% – up from virtually zero only a few years ago. However, only a third of global emissions are covered by net-zero targets for 2050, the estimated timeframe required to maintain a 1.5°C limit, with most national net-zero targets set for longer timelines. The shorter-term gap is even more significant, with only 20% of emissions also covered by Nationally Determined Contributions (NDCs) aligned to a 1.5°C ceiling.

Stronger commitments and actions are most critically needed from the 10 largest national emitters, which account for half of the gap.

On the corporate side, progress in recent years has been substantial. The total number of companies with commitments to 1.5°C science-based targets has increased more than six-fold between the end of 2020 and August 2023. However, fewer than 20% of the world’s 1,000 largest companies have set this type of target, and almost 40% have no net-zero commitment at all.

Addressing the technology and funding gap

Most green technologies required to achieve net zero exist already, but those that are or soon will be cost competitive would only cover around 55% of global emissions. Others, including “deep decarbonization” technologies – such as hydrogen, carbon capture, usage and storage (CCUS), and direct air capture – are still in early stages of development and scaling too slowly. To catch up, innovation and industrial scaling need to accelerate at nearly unprecedented levels.

Among key root causes, an over $2 trillion gap in yearly climate funding remained in 2022, with critical gaps in early technologies and infrastructure: bioenergy, hydrogen, sustainable aviation fuel, CCUS and battery storage collectively received only around 2% of 2022 global mitigation funds. The gap is also twice as large in lower-income countries as in higher-income ones, with the former subject to lower capital availability and higher perceived risks.

Major course corrections needed

Several near-term priorities are put forward in the report to keep the 1.5°C limit within reach. These actions include the need to:

– Unlock bolder, more rapid national commitments and actions
– Deploy carbon pricing and border taxes, and support actions in nature, agriculture and food
– Remove obstacles to the transition, such as permitting times, supply chain risks and skill gaps
– Shift corporate focus to bolder targets and transparency for themselves and their supply chains
– Strengthen incentives to massively scale up high-impact technologies and necessary infrastructure
– Raise climate financing for the Global South, conditional on ambitious mitigation action

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First published at TravelNewsHub.com – Global Travel News

Global Shocks Affect Energy Transition Progress, World Economic Forum

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Global Shocks Affect Energy Transition Progress, World Economic Forum - TRAVELINDEXGeneva, Switzerland, June 30, 2023 / TRAVELINDEX / After a decade of progress, the global energy transition has plateaued amid the global energy crisis and geopolitical volatilities, according to a new World Economic Forum report, Fostering Effective Energy Transition 2023. The report suggests that while there has been broad progress on clean, sustainable energy, there are emerging challenges to the equity of the transition – just, affordable access to energy and sustained economic development – due to countries shifting their focus to energy security.

– Major emerging economies with high future energy demand including China, India, Brazil and Indonesia, have made significant improvements on the energy transition, according to the report, Fostering Effective Energy Transition 2023
– As many countries shift their focus to energy security at the expense of equity, a much speedier and more inclusive transition is still required to deliver a sustainable, secure and equitable energy future
– Sweden tops the Energy Transition Index, followed by Denmark, Norway, Finland and Switzerland
– The U.S., Germany and the Republic of Korea are among the G20 countries that have made strong progress on the energy transition, despite the global energy crisis.

The 13th edition of the report, published in collaboration with Accenture, draws on insights from the Energy Transition Index (ETI). This year, the ETI used an updated framework reflecting emerging shifts in the global energy landscape to benchmark 120 countries in two areas: the performance of their energy systems in the dimensions of equity, energy security and environmental sustainability; and the readiness of the enabling environment for energy transition. This edition also evaluated countries’ “transition momentum” for the first time to highlight the urgency of consistent progress on timely and effective transition.

Enabled by increasing volumes of clean energy investments, improving regulatory frameworks, technological innovations and urgency to address the climate crisis, some long-term trends of global energy transition are positive. Over the past decade, 95% of countries have improved their total ETI score, with improvements more pronounced for countries that consume a large amount of energy, including China, India, Republic of Korea and Indonesia.

Broadly speaking, however, ETI scores have plateaued in the past three years. This speed of transition is not sufficient to meet the Paris Agreement targets in an inclusive and secure way. The geopolitical and macroeconomic volatilities that prompted the recent global energy crisis shifted countries’ focus to maintaining secure and stable energy supply at the expense of universal affordability and challenge progress observed in the past decade.

Indeed, ETI scores declined for approximately 50% of the countries in the past year, which disproportionately impacted vulnerable consumers, small businesses and developing economies. Moreover, the growth rate of energy access has slowed and, at the current pace, the UN’s Sustainable Development Goal of affordable, reliable and sustainable energy access for all by 2030 will likely be missed.

“The recent turbulence in energy markets has exposed how interconnected energy prices are with macroeconomic and social stability. This can, and has, put developing countries at risk of losing their momentum gained before the energy crisis on access to affordable, sustainable energy,” said Roberto Bocca, Head of Energy, Materials and Infrastructure, World Economic Forum. “It further demonstrates the importance of balancing improvements in energy security, sustainability and equity – at the same time – to enable an effective energy transition.”

When it comes to progress on energy transition, the gap between advanced economies and emerging and developing countries in Asia, Central and Eastern Europe and Sub-Saharan Africa has gradually narrowed over the past decade. As advanced economies and large emerging economies such as China and India push the boundaries of energy transition, propelled by ambitious industrial policy packages, progress in clean electrification, technology-intensive solutions for the decarbonization of heavy industries and advanced nuclear, there is a risk of that gap widening again. Multilateral collaboration is more important than ever to ensure an equitable, inclusive energy transition across the world, in which emerging economies are active participants rather than late entrants.

“Over the past decade, significant strides have been made but not at the pace required to achieve net-zero emissions by 2050,” said Stephanie Jamison, Senior Managing Director and Global Resources Industry Practice lead, Accenture. “The focus must shift to helping more populous, developing nations make faster progress, which, while committed to decarbonization, lack the financial and technological capability to fully develop their renewable energy resources. Through greater collaboration and support we can enable a more equitable and sustainable future.”

Muqsit Ashraf, Senior Managing Director and Global Strategy Lead, Accenture, added: “The window of opportunity for reaching net-zero targets is closing and countries must move urgently to cleaner energy systems. Leveraging technology – both physical and digital, including data and AI – will be essential. By pushing the boundaries of disruptive technologies, like generative AI, countries and companies can realize what was previously thought impossible and simultaneously bolster not just sustainability but also better enable energy security and affordability.”

Sweden (1), Denmark (2) and Norway (3) lead the ETI 2023 rankings and have been the top three countries each year for the past decade. Despite their diverse energy system structures, they share common attributes, such as high levels of political commitment and stable regulatory frameworks, investments in research and development, increased renewable energy deployment and carbon pricing schemes to incentivize investments in low-carbon solutions.

France (7) is the only G20 country in the top 10, followed closely by Germany (11), the US (12), and the UK (13). Strong performance by the world’s largest economies, supported by the rapid development of renewable energy infrastructure and rising levels of investments in clean energy, is a signal of progress on the energy transition. Exposure to gas price volatilities is a risk factor to the inclusiveness of the energy transition, as demonstrated by the recent energy crisis and its fiscal and monetary implications, especially for European countries.

Brazil (14) and China (17) are the major emerging economies to appear in the top 20. Due to abundant hydroelectricity capacity and leadership in biofuels, Brazil scored high on energy security and environmental sustainability, accounting for 7% of renewable energy production worldwide. China leads on renewable energy investments and capacity development, supported by mature domestic supply chains, and in the incubation of industries such as electric vehicles and energy storage.

The long-term goals of the energy transition require sustained momentum in the wake of the current near-term volatilities. India (67) and Singapore (70) are the only major economies showing true momentum by advancing sustainability, energy security and equity in a balanced way. For example, despite continued economic growth, India has successfully reduced the energy intensity of its economy and the carbon intensity of its energy mix, while achieving universal energy access and effectively managing affordability of electricity.

Looking at each facet of energy system performance, fuel-exporting nations – Oman (90), Canada (19), Saudi Arabia (57) and Qatar (59) – scored among the highest in equity and inclusiveness, providing affordable energy for households and industries and leveraging the energy sector to empower economic growth. Notably, the US, Sweden, and Israel (28) also score high on this dimension, largely due to cost-reflective energy prices and leadership on trade in low-carbon technology products.

Advanced economies – the US, Australia (24) and Estonia (10) – scored highest in energy security, measuring the resilience and reliability of supply. A highly diversified energy mix, low dependence on fuel imports and limited interruptions in energy supply were contributing factors. Notably, they were closely followed by an emerging economy, Malaysia (35).

The report revealed that many countries – amounting to over 90% of global emissions – are prioritizing sustainability, focusing on policies and programmes that promote energy conservation, renewable technologies and innovation in energy storage and grid modernization. Latin America led the way, with low levels of carbon intensity in energy supply, low per capita emissions and a high share of clean energy in final demand. Paraguay (34), Costa Rica (25) and Uruguay (23) in particular reaped the advantages of their abundant hydroelectric potential.

“The response to the global energy crisis has opened new opportunities for countries to reduce the energy intensity of their economic growth and increase the resilience of energy systems,” said Espen Mehlum, Head of Energy Transition intelligence and Regional Acceleration, World Economic Forum. “Together with the continued pressure to transform energy systems to respond to the urgent need to address climate change, it provides strong foundations to further accelerate the global energy transition.”

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First published at TravelNewsHub.com – Global Travel News

World Leaders Pledge to Fight for Freedom and Values

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World Leaders Pledge to Fight for Freedom and Values - TRAVELINDEXDavos, Switzerland, June 8, 2022 / TRAVELINDEX / World leaders came together at the World Economic Forum Annual Meeting 2022 against a backdrop of deepening global frictions and fractures and a once-in-a-century pandemic.

On Monday, President Zelenskyy addressed participants live from Kyiv. He said that the words “turning point” have “become more than just a rhetorical figure of speech” and emphasized that “values must matter”.

The war in Ukraine has created immense human suffering. And the wider impacts of the conflict are being felt around the world.

The World Economic Forum called for a “Marshall Plan” for the reconstruction of Ukraine. “In Davos, our solidarity is foremost with the people suffering from the atrocities of this war,” said Klaus Schwab, the Forum’s Founder and Executive Chairman.

The Special Dialogue on Ukraine session brought together 70 global CEOs alongside the Prime Minister of Ukraine (who joined virtually), with the President of the European Commission, the Foreign Minister of Ukraine and the First Deputy Prime Minister of Ukraine at Davos in person, alongside other dignitaries. CEOs offered concrete ways of how their companies can support the Ukraine government and its private sector in the reconstruction of Ukraine now, rather than waiting for the war to end.

The World Economic Forum offered its support in this endeavour, advancing discussions on new partnerships and market-driven solutions to enable a scaled up response to the humanitarian situation in Ukraine and other global crises.

Meeting in person after a two-year hiatus, there were over 450 sessions at the meeting, which brought together 2,500 leaders and experts from around the world, including 300 government leaders and 50 heads of state. It was a critical opportunity to foster stronger global and regional cooperation to restore stability and create real impact.

Nature and climate

The energy crisis, exacerbated by the war in Ukraine, must not deepen the world’s dependence on climate-warming fossil fuels. During the week, there was a focus on accelerating clean energy and climate solutions:

  • More than 50 companies have now joined the First Movers Coalition, which was launched by US President Biden and the World Economic Forum at COP26 to decarbonize the heavy industry and long-distance transport sectors – the sectors responsible for 30% of global emissions.
  • This week at Davos, John Kerry, the United States Special Presidential Envoy for Climate, joined these companies in sending a powerful market signal to commercialize zero-carbon technology. Their market cap represents about $8.5 trillion across five continents and they are making unprecedented advance purchase commitments by 2030.
  • Eight new countries have joined the First Movers Coalition as government partners – Denmark, India, Italy, Japan, Norway, Singapore, Sweden and the UK. All are committed to create early markets for clean technologies. Alongside the United States, there are nine committed government partners.
  • Some 70+ CEOs of the CEO Climate Leaders Alliance – the largest CEO-led climate action group globally – agreed on taking bold action to translate pledges into tangible emission reductions in line with 1.5C. Covering 26 countries and 12 industries and representing 120 companies in total, the alliance has a combined annual emission footprint greater than India or the EU.
  • CEOs agreed to push for progress on critical 2030 and 2050 global climate targets, mobilizing dialogue between governments and the private sector to deliver a successful outcome at COP27 in Sharm el-Sheikh.
  • China’s Special Envoy for Climate Change Xie Zhenhua announced his country’s contribution to plant and conserve 70 billion trees by 2030. The World Economic Forum and China Green Foundation will undertake concrete measures together through 1t.org China Action to support the fulfilment of China’s contribution.
  • A new $15 million investment over five years was announced to support entrepreneurs who can drive innovation in freshwater resource management – the initiative will be hosted by our UpLink platform.
  • CEOs also held dialogues with regional climate envoys, COP26, COP27 and COP28 leadership to make progress on global climate policies, including the importance of setting a global price on carbon and other key policy measures to fast-track the transition.
  • Youth activist Elizabeth Watuthi spoke on Safeguarding our People and Planet, sharing the local perspective and direct impacts of climate change in vulnerable communities, and youth climate activist Vanessa Nakate, speaking at the Staying on Course for Climate Action session, said: “When we talk about climate change we’re also talking about food security. It’s really important to understand the intersections of this crisis.”
  • The Forum’s Global New Mobility Coalition is launching the Urban Mobility Scorecards initiative. Over 30 companies, such as Visa, Hyundai, Uber, Volta Trucks and TIER, will work with policy-makers from cities and regions to better understand challenges and solutions to create a shared, connected and decarbonized mobility ecosystem.
  • A new Global Commission on the Economics of Water was launched to redefine the way we value and incorporate water into economic decision-making. It is led by Ngozi Okonjo-Iweala, Director-General of the World Trade Organization; Mariana Mazzucato, Founding Director of the UCL Institute for Innovation and Public Purpose; Tharman Shanmugaratnam, Senior Minister of the Government of Singapore; and Johan Rockström, Director of the Potsdam Institute for Climate Impact Research.

Economic transformation

The Forum’s Chief Economists Outlook report warned of “dire human consequences” from the fragmentation of the global economy. It said that developing economies face trade-offs between the risks of debt crisis and securing food and fuel. The rising cost of living hits the world’s poorest communities hardest. The Ukraine conflict has exacerbated already fragile energy and food systems. Co-investment by the public and private sector is critical to restarting a new era of growth, one that integrates inclusion and sustainability at its core rather than an afterthought, and is the best way forward for shared prosperity.

  • A leading group of CEOs, ministers and academic experts agreed on the roadmap for the Market Creators Alliance to develop fairer principles for governments, businesses and public-private partnerships on innovation and industrial development. This will be launched later this year.
  • Four Futures for Economic Globalization: Scenarios and Their Implications outlines how the nature of globalization may shift as economic powers choose between fragmentation or integration in both the physical and virtual dimensions of the world economy.
  • The Government of Rwanda and the United Arab Emirates announced that they are joining the Food Action Alliance for driving food systems transformation. They are part of a growing group of first-mover countries. The new partnership will harness innovation to accelerate country goals on food security and nutrition, inclusive growth, sustainability and climate resilience, in line with the UN Sustainable Development Goals.

Work, wages and job creation

  • The Jobs Consortium, a group of public and private sector leaders focused on investment in the jobs of tomorrow, held their inaugural meeting in Davos to drive a global recovery and investment agenda for the next two years. They aim to create growth in the jobs of tomorrow, new standards in the workplace and better wages for all, focusing on social, green and tech jobs as the high-growth, job-creating sector of the future.
  • Over 6 million refugees have left Ukraine to other countries since February, adding to the estimated 31 million people worldwide forcibly displaced across borders. The Refugee Employment and Employability Initiative was launched, a coalition of chief human resources officers from over 140 organizations who support the integration of Ukrainian refugees in Europe. This will pilot its work supporting learning and job opportunities for Ukrainian refugees in Europe in its first phase – aiming to expand to other regions of the world in the future.

Education and skills

  • The Reskilling Revolution initiative, launched at the Annual Meeting in 2020, has now mobilized a community of over 50 CEOs, 350 organizations and 15 countries all working towards a vision of giving 1 billion people better education, reskilling and upskilling. A network of country accelerators in Bahrain, Bangladesh, Brazil, Cambodia, Georgia, Greece, India, Oman, Pakistan, South Africa, Turkey and the United Arab Emirates, with support from Denmark, Finland, Singapore and Switzerland, and a consortium of the largest online learning platforms are working together.
  • The initiative will now expand beyond adult learning to add a focus on education for children and youth. These efforts will be taken forward by a new Education 4.0 Alliance, bringing together 20 leading education organizations, and Bangladesh has become the first country to adopt the education accelerator model in Davos.
  • A new report, Catalysing Education 4.0 Investing in the Future of Learning for a Human-Centric Recovery, focuses on preparing today’s generation of school-age children with better collaborative problem-solving that could add $2.54 trillion – over $3,000 per school-age child – from this one skill alone.

Diversity, equity, inclusion and social justice

  • The Gender Parity Accelerators are a global network of national public-private collaboration platforms working to close existing gender gaps and reshape gender parity for the future. This year two G20 countries, Mexico and Japan, will initiate Gender Parity Accelerators in the coming months.
  • The Valuable 500 initiative announced a unique mentorship programme – Generation Valuable – for people with disabilities to build the future executive leadership, driving disability inclusion by revolutionizing the boardrooms of tomorrow.
  • The Edison Alliance launched a new programme to speed up digital inclusion in the life-critical sectors of health, education and finance. It launched a new network of “lighthouse countries”, including Bahrain, Bangladesh and Rwanda, working with the UN Development Programme to further the alliance’s 1 billion lives vision of providing people with affordable, digital solutions by 2025.

Trade and supply chains

Business and government leaders highlighted the potential of trade facilitation, finance and trade technology to tackle supply chain barriers. Trade ministers gathered in Davos to hear from business and civil society and prepare for next month’s World Trade Organization Ministerial Conference. Leaders called for diversifying trade and investment relationships to bolster development and support common values. Indigenous and labour leaders called for inclusive outcomes from trade. Food security was high on the agenda.

  • The World Investment for Development Alliance was launched together with OECD Secretary-General Matthias Cormann, the World Bank, UNCTAD and other partners, to increase collaboration in addressing investment policy and practice.
  • The Forum’s Platform for Trade and Investment, together with the Digital Cooperation Organization, launched a Digital FDI initiative to support investment in the digital economy in developing economies.
  • The World Economic Forum convened Friends of the Africa Continental Free Trade Area, a group of heads of state and business leaders, which advanced a framework on how public-private partnerships can support the implementation of the AfCFTA.
  • Global supply chain disruptions make it harder to reach children with life-saving supplies. This week UNICEF co-signed an extended charter with the World Economic Forum and 16 logistics leaders to prioritize support for humanitarian supply transports.

Health

COVAX the multilateral initiative aimed at ensuring equitable access to life-saving COVID-19 vaccines was conceived in Davos two years ago. In the past seven days it has shipped its 1.5 billionth dose.

The COVID-19 pandemic has caused enormous disruptions to healthcare – reversals in testing and treatment of life-threatening diseases. Crucial steps have been taken to help counteract these setbacks. These include:

  • The Global Fund to Fight AIDS, tuberculosis and malaria announced its first pledge from the private sector in Davos. It has raised a third of the $18 billion needed to reverse setbacks caused by the pandemic.
  • Building on recommendations developed in partnership with the European Union COVID-19 lung cancer taskforce, the Forum, together with the Lung Ambition Alliance, launched the Global Lung Cancer Collaboration to bring together organizations in healthcare delivery, research, diagnostics, biopharma, patient advocacy and non-governmental organizations to facilitate greater collaboration and solutions to eliminate lung cancer as a leading cause of death.
  • An Accord for a Healthier World was launched at Davos by Pfizer this week, providing all its current and future patent-protected medicines and vaccines available in the US or EU on a not-for-profit basis to 45 lower-income countries. Pfizer called on global health leaders and organizations to join the accord, bringing their expertise and resources to close the health equity gap and help create a healthier world for 1.2 billion people. Rwanda, Ghana, Malawi, Senegal and Uganda are the first five countries to commit to join the accord. Health officials in these countries will help identify and resolve hurdles beyond supply to inform the roll-out in all 45 lower-income countries.
  • The World Economic Forum’s Platform for Health and Healthcare signed an MoU with Saudi Arabia in support of the Global Coalition for Value in Healthcare. This partnership will increase collaborative efforts to build a global healthcare movement on value-based health systems and people-centred care, alongside global government policy-makers, industry and academia through accelerating public-private partnerships.

Tech frontiers

  • The World Economic Forum unveiled the concept of a Global Collaboration Village, a major initiative to harness the potential of the metaverse to create a place where international cooperation can be strengthened.
  • The Defining and Building the Metaverse initiative was launched bringing together key stakeholders to define and build the parameters of an economically viable, interoperable, safe and inclusive metaverse.
  • The Global Coalition for Digital Safety has committed to developing emergency protocols for protecting digital safety during wars, particularly to tackle online exploitation and abuse, violent extremist and terrorist content, and mis- and disinformation. This will complement the broader work of the coalition to make the internet safer by tackling harmful content and conduct online.
  • The Annual Meeting hosted its first public panel on Unlocking Quantum, with leaders committing to focus on how technologies and deeper analytics could transform decarbonization and accelerate the fight against climate change. They will work with Qlimate, Volkswagen and the Netherlands government on identifying and scaling solutions.
  • Malaysia’s Finance Minister announced his country will be the first location for a Centre for the Fourth Industrial Revolution (C4IR) in the ASEAN region. And, the Dubai Future Foundation, with support from the Government of UAE, has signed a collaboration agreement to continue the operations of C4IR UAE. The centre will focus on blockchain, artificial intelligence and other emerging technologies.
  • Samantha Cristoforetti became the first astronaut to join the Annual Meeting live from space aboard the International Space Station, orbiting the planet at 17,500 miles an hour. The Live from Space session looked at how government and business can collaborate to ensure that space exploration benefits people and the planet.

In a closing address, Olaf Scholz, Chancellor of Germany, called for “a sustainable, resilient globalization which uses natural resources sparingly and, above all, takes the needs of future generations into account”, adding that a new approach to globalization would be “based on solidarity which benefits all citizens – in all parts of the world.”

First published at TravelNewsHub.com – Global Travel News

Serbia Joins Centre for Fourth Industrial Revolution Network

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Serbia Joins Centre for Fourth Industrial Revolution Network - TRAVELINDEX

Belgrade, Serbia, February 11, 2022 / TRAVELINDEX / The Republic of Serbia and the World Economic Forum have established a Center for the Fourth Industrial Revolution Network in Serbia (C4IR Serbia). The Centre will be an autonomous non-for-profit organisation, leading on policy and governance for emerging technologies.

The document was signed by Jeremy Jurgens, Managing Director, World Economic Forum, and Mihailo Jovanović, Director, Office for Information Technologies and eGovernment, Government of the Republic of Serbia.

“The strong partnership between the Republic of Serbia and the World Economic Forum has reached a new level and I am very proud that today we are launching a Centre for the Fourth Industrial Revolution in Serbia (C4IR Serbia). This Centre is another step towards digitalization as Serbia’s top priority. It will help us adopt the most cutting edge policies and solutions developed with partners from all over the world. Key areas of Serbia’s C4IR will be AI and Bioengineering – two areas already recognized in Serbia as critical for future economic growth. Our close cooperation with the World Economic Forum also contributes to Serbia’s international recognition as a global hub for research and development in new technologies,” said Ana Brnabić, Prime Minister of Serbia.

“I am delighted to see that Serbia has joined the Forum’s Centre for the Fourth Industrial Revolution Network,” said Børge Brende, President of the World Economic Forum. “Innovation is the key to fulfilling our shared priorities of sustainability, equity, and resilience. The new Centre in Serbia will join a growing platform as a focal point for advancing innovation and industrial transformation. ”

C4IR Serbia will be formed inside the Government Office for IT and eGovernment, a top-level Government institution directly reporting to the Prime Minister.

The ecosystem developed around the Center will leverage existing infrastructure such as the national platforms for AI development, the Center for Genome Sequencing, and a planned bioeconomy hub – BIO4 Campus – to create solutions that benefit Serbian citizens.

The Center will also engage with critical national stakeholders, like the National AI Institute and Institute for Molecular Genetics and Genetic Engineering, other Government institutions, and the private sector.

An arena for public-private cooperation on Fourth Industrial Revolution

The Fourth Industrial Revolution has led to technological breakthroughs in many fields, including artificial intelligence and machine learning, IoT and robotics, 3D printing, nanotechnology, and biotechnology, among others.

The Forum’s global network is a platform for multi-stakeholder collaboration bringing together public and private sectors to maximize technological benefits to society while minimizing the risks associated with 4IR technologies.

C4IR Serbia is the 16th centre to join a network that spans 4 continents.

First Fourth Industrial Revolution Centre in the region

C4IR Serbia will be a platform through which the country will shape the development of local and national 4IR strategies and contributes to the global trajectory of these technologies. It is the first 4IR Centre in the Balkan region. It will become a hub of expertise to co-design and pilot future-focused policy frameworks that enable the development and deployment of ethical technology in the region and the world.

First published at TravelCommunication.net – Global Travel News

First published at TravelNewsHub.com – Global Travel News

Davos Agenda Closes with Calls for New Models of Public-Private Cooperation

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Davos Agenda Closes with Calls for New Models of Public-Private Cooperation - TRAVELINDEXGeneva, Switzerland, January 25, 2022 / TRAVELINDEX / The Davos Agenda closed today following headline-making dialogues with heads of state and government, international organizations, business and civil society.

The week-long meeting convened leaders on “The State of the World”. It was the first global platform of the year and focused on driving concerted action among key global stakeholders.

“We are seeing challenges mounting from supply chain disruptions to tectonic shifts in labour markets, to inflation figures which are of concern to policy-makers and individuals alike. The year ahead is a crucial one to work together, rebuild trust and shape a better and more inclusive future for all,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

World leaders spoke on the global economic outlook, energy transition, social justice, healthy futures and resiliency in special address. In order of appearance this week:

“We need to embrace cooperation and jointly defeat the pandemic. Confronted by the once-in-a-century pandemic, which will affect the future of humanity, the international community has fought a tenacious battle,” said Xi Jinping, President of the People’s Republic of China. “Facts have shown once again that amidst the raging torrents of a global crisis, countries are not riding separately in some 190 small boats but are rather all in a giant ship on which our shared destiny hinges. Small boats may not survive a storm, but a giant ship is strong enough to brave a storm.”

“In the midst of new challenges, the world today needs new avenues, new resolutions. Today, every country in the world needs cooperation with each other more than ever before,” said Narendra Modi, Prime Minister of India. “Our multilingual, multicultural environment is a great strength that teaches us not just to think of ourselves in times of crisis but to work in the best interests of the world.”

“Turning this ship around will take immense willpower and ingenuity from governments and businesses alike, in every major-emitting nation,” António Guterres, Secretary-General, United Nations said. “We see a clear role for businesses and investors in supporting our net-zero goal.”

“In order for the world to meet the 2050 net-zero emission goal, we need technologies that do not yet exist, we need inventions that do not exist yet,” said Naftali Bennett, Prime Minister of Israel.

“A key focus of my administration will be the revitalization of Japan through a new form a capitalism,” said Kishida Fumio, Prime Minister of Japan. He emphasized that the time has come for “historic economic and social transformations” and that Japan will pioneer a new form of public-private partnership, with leaders of government, industry and labour all working together to develop paradigm-shifting policies.

“Some will try to tell us dialogue and compromise are forms of weakness, said Olaf Scholz, Federal Chancellor of Germany. “Some will try and pitch climate action against prosperity. Some will argue that social progress hampers economic growth. Some will try to divide us. The truth is the progress we want will only occur if we overcome these divisions. Working together is the only way and restoring trust is our goal.”

Joko Widodo, President of Indonesia, spoke on the strengthening of global health resilience and the need for advanced economies and the G20 to support a renewed global architecture, “The costs will be much lower than the losses we sustained due to the vulnerability of the system during the pandemic,” he said.

“Europe’s global semiconductor market share is only 10%. And today, most of our supply comes from a handful of producers outside Europe. This is a dependency and uncertainty we simply cannot afford,” said Ursula von der Leyen, President of the European Commission. “We have no time to lose. And this is why I announce here today that we will propose our European Chips Act in early February.”

“The lesson of these times is that supply chain resilience requires a new partnership between countries, governments and businesses,” said Scott Morrison, Prime Minister of Australia.

Access to COVID-19 vaccines continues to pose a serious problem for Africa, with fewer than 10% of populations fully vaccinated in most countries, said Yemi Osinbajo, Vice-President of Nigeria. He called for patent waivers to permit African countries to manufacture vaccines locally. “Now is a good time to test global will,” he said, in building international cooperation to prepare for new, possibly worse pandemics to come.

“We aren’t just focused on achieving a high top line growth number that is unsustainable,” said Janet L. Yellen, Secretary of the Treasury of the United States of America. “We’re instead aiming for growth that is inclusive and green. The economic moment is well suited to accommodate such a modern, supply side expansion.”

During the Davos Agenda, pioneering new research and project milestones were released to support stakeholders:

– Sustainable finance is increasing but the funds are not always reaching those most in need – see how public-private collaboration can facilitate sustainable investment for development.
– More than 100 million have been impacted by the work of the Schwab Foundation for Social Entrepreneurship. The foundation includes over 400 of the world’s leading social innovators operating in over 190 countries.
– Davos Alzheimer’s Collaborative is a leading global initiative to accelerate progress on the discovery, testing and delivery of precision interventions – it has created a new global system to reduce the time and cost of clinical trials.
– A new set of policy enablers to boost investment and innovation in digital economies was released to ensure digital transformation is inclusive and sustainable.
– Quantum science promises to disrupt the future of business, science and government – the first quantum computing guidelines launched to help leaders build an equitable framework.
– The global digital economy has surged off the back of the COVID-19 pandemic, but so has cybercrime – ransomware attacks rose 151% in 2021 – the new annual The Global Cybersecurity Outlook 2022 examined how leaders can close the cyber gap and build resilience.
– The Forum worked closely with the International Financial Reporting Standards Foundation as a member of the Technical Readiness Working Group. In so doing, the Forum contributed to the running start of the International Sustainability Standards Board supporting the creation of the standards prototypes that will now go through a standard-setting process.
– Plastic waste was in the spotlight as world leaders this week highlighted how they are moving fast to fight the climate crisis. Forum-supported companies are rolling out innovative reuse models to protect the planet.
– Nature-positive practices, those that add value to nature, could contribute $1.9 trillion to the economy a year and 88 million jobs by 2030.
– Cities can create 60 million jobs and save 50% on new infrastructure projects by adopting nature-based solutions. Nearly half of city GDP, $31 trillion, is at risk of disruption from nature loss.
– More partners announced plans to adopt nature-based solutions as part of the Forum’s 1t.org platform bringing total global pledges to over 30 companies committing to conserve, restore and grow more than 3.6 billion trees in over 60 countries.
– Only 20% of companies both disclose their full value chain emissions and have emissions reduction targets in place. Winning the Race to Net-Zero outlines how businesses can close the emissions gap and stay competitive.
– A new accelerator dedicated to shaping the future of crypto-enabled environmental, social and governance (ESG) efforts aims to bring key players and industry leaders together to shape a more inclusive future.
– The Belt and Road Initiative offers a new development paradigm through investment in green infrastructure – a new insight report highlights the role of the financial sector and how to capitalize on the growing global appetite for green investment

Featured quotes from Davos Agenda 2022 panels

Ivan Duque, President of Colombia, said: “Colombia closed 2021 with positive results”, noting his country’s positive economic growth and high percentage of vaccination rates. He said the goal for 2022 is to maintain growth while, at the same time, closing the social inequality gap.

Carlos Alvarado Quesada, President of Costa Rica, said 85% of his country’s population had received a second COVID shot and that the process of vaccinating children was under way. “The main thing for Costa Rica is our vaccination drive. This is the only way to exit the health crisis.”

Alejandro Giammattei, President of Guatemala, said: “The challenge we have now is not only to promote growth but to turn growth into something sustainable. We need to improve the labour market and create more jobs. This will lead to better prosperity, health and education.” Generating new opportunities and ensuring economic benefits would reach all parts of society which, he pointed out, would also curb migration. “The only thing that stops a person is a wall of prosperity.”

Guillermo Lasso, President of Ecuador, highlighted the need for governments to commit to ethics and principles. “We need economic and inclusive growth within the rule of law and programmes that promote new opportunities. It is not just about economic growth but about quality of life and social cohesion.”

José Pedro Castillo Terrones, President of Peru, said his priority was economic reforms, noting that his government has invested $10 billion in strategic areas such as education, health and transport, and recently signed an infrastructure bill that will lead to more jobs. “We also want to invest in energy and natural gas, especially in transportation, so the entire country is connected.”

Christine Lagarde, President, European Central Bank, said: “In Europe, we are not seeing inflation spiral out of control. We assume energy prices will stabilize from the middle of 2022, bottlenecks will also stabilize in 2022 and, gradually, inflation numbers will decline.”

Kristalina Georgieva, Managing Director, International Monetary Fund, said, “The response to the pandemic crisis has been anything but orthodox. In a highly coordinated manner both central banks and finance authorities have prevented the world falling into yet another great depression.”

“We should have had a much more coordinated global response, as I’ve said so many times,” said Anthony S. Fauci, Director, National Institute of Allergy and Infectious Diseases (NIAID). “A global pandemic requires a global response, and we have to keep in mind the issue of equity all the time because you can’t have a situation where you have virus circulating freely in one part of the world.”

“The private sector has to be engaged,” said John Kerry, Special Presidential Envoy for Climate. “It will be private sector investment and private sector discovery more than anything else, together with governments…that will get us out of this hole.”

About The Davos Agenda 2022
For over 50 years, the World Economic Forum has been the international organization for public-private cooperation. The Davos Agenda 2022 is the focal point at the start of the year for leaders to share their outlook, insights and plans relating to the most urgent global issues. The meeting will provide a platform to accelerate the partnerships needed to tackle shared challenges and shape a more sustainable and inclusive future.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Nigeria Vice-President Osinbajo Demands Right for Africa to Manufacture its Own Vaccines

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Nigeria Vice-President Osinbajo Demands Right for Africa to Manufacture its Own Vaccines - TRAVELINDEXAbuja, Nigeria, January 24, 2022 / TRAVELINDEX / Access to COVID-19 vaccines continues to pose a serious problem for Africa, with fewer than 10% of populations fully vaccinated in most countries, said Yemi Osinbajo, Vice-President of Nigeria, in his address to the Davos Agenda 2022. He called for patent waivers to permit African countries to manufacture vaccines locally.

Osinbajo complimented COVAX and other global vaccine alliances for their contribution but noted that the price tag for vaccinating the entire world is just $50 billion, according to the Organisation for Economic Co-operation and Development. “This is affordable, he said, but we should not allow this opportunity “to slip through the cracks”.

“Now is a good time to test global will,” he said, in building international cooperation to prepare for new, possibly worse pandemics to come.

He called for natural gas – which Africa has in abundance – to be accepted as a transitional fuel. Africa is the continent that contributes least to climate change yet has been most negatively affected by it, he said. This situation cannot be compounded by rules that hamper Africa from adapting.

“For many gas-rich African countries, one of the biggest shocks is the notion that fossil fuels including gas should be defunded, especially by international financial institutions.” He added: “We think that gas as a transition fuel is absolutely crucial, not just for an effective transition but also for our economies.” He made it clear that gas is “without doubt the only pathway” for Africa to transition out of more hazardous fuels such as coal and heavy oil.

Osinbajo claimed that Nigeria is “probably the first country in Africa to develop an energy transition plan and to cost it out”. The plan, which he said will be launched in the next couple of weeks, includes connecting 5 million homes to solar power, requiring more foreign investment in manufacturing panels and components.

He said there is a “unique opportunity” for companies to invest in Nigerian renewable energy and that the government is providing debt for those who wish to do business in the sector. He also called on developed economies to honour their long-standing pledge to provide $100 billion annually in climate finance to developing countries.

Peace and security on the continent are seriously threatened by global terrorist franchises from the Sahel to the Horn to Southern Africa, Osinbajo said. As with coronavirus, “terrorism anywhere is a threat to peace everywhere” and he warned global partners not to sit by and allow Africa to be overrun by such extremists. “It is imperative for the international community to make more robust interventions to clear terrorists from Africa just as it did in the Middle East.”

Despite the enormous challenges of tackling COVID-19, climate change and terrorism, Osinbajo remained upbeat about economic prospects for Africa and Nigeria. The sub-Saharan economy grew by 3.7% in 2021 and is projected to continue this trajectory into 2022. Nigeria’s National Development Plan 2021-2025 envisages investments totalling $840 billion, of which 86% is expected to come from the private sector.

In the next three decades, the global population will swell by 2 billion people; 1 billion of those will come from Africa, which now has the world’s fastest growing working-age population. “Africa has the potential to become the factory of the world,” he said.

About the Davos Agenda 2022
For over 50 years, the World Economic Forum has been the international organization for public-private cooperation. The Davos Agenda 2022 is the focal point at the start of the year for leaders to share their outlook, insights and plans relating to the most urgent global issues. The meeting will provide a platform to accelerate the partnerships needed to tackle shared challenges and shape a more sustainable and inclusive future.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

Davos Agenda Session on Space Opens Up New Frontiers

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Davos Agenda Session on Space Opens Up New Frontiers - MADEINSPACE.com - TRAVELINDEXIntrnational Space Station, Space, January 24, 2022 / TRAVELINDEX / European Space Agency astronaut Matthias Maurer connected live to a session on Thursday at the Davos Agenda 2022 from the International Space Station, somewhere high above the Pacific, to discuss how space research can improve life on Earth.

• For a better understanding of Space and to join the economic and industrial development of space follow MadeInSpace.com. Contributors welcome.

While in orbit on a six-month mission with the European Space Agency (ESA), Maurer will support a wide range of science experiments and technological research, including those that address transmissions of disease, the reduction of carbon emissions and human health-related activities. Knowledge gained through his mission will contribute to development that benefits life on Earth.

“We have worked hard in the past few weeks and months to send back cargo that we harvested for scientists to analyse all these samples that we produced in space, and to produce science and knowledge for humanity out of it,” he said.

He added that the cross-country and international collaboration aboard the space station should also be a model for how the world tackles major challenges, such as climate change. From his view, Maurer described the beauty of the planet, but also pointed out that he could see the impact of climate change from space.

“When we fly around the Earth (16 times a day), we cross over areas that are very arid and dry and I can see scars on the planet where people are digging deep to extract resources. So we are actively reshaping the planet. We are cutting down trees and burning down rainforests. I see the flames. I also see the flooding.”

Back on Earth, Al Gore, Vice-President of the United States (1993-2001); Chairman and Co-Founder, Generation Investment Management, explained how space technology and artificial intelligence can help address climate action. He highlighted the work of Climate TRACE, a global coalition created to make meaningful climate action faster and easier by independently tracking greenhouse gas emissions with unprecedented detail and speed.

“Some things you can see directly from space, like methane, but the difficulty of measuring CO2 emissions against a highly varied CO2 background on the Earth make it necessary to use AI to get precision we need,” he said. He added that if you consider something like GPS, it is clear how quickly the opportunities offered by space tech and space exploration can become integrated into our lives.

But the data and knowledge that is gained from space should not be limited to those who own satellites, said Sarah Al Amiri, Minister of State for Advanced Technology, Ministry of Industry and Advanced Technology of the United Arab Emirates. “If only countries with access to satellites get access to the data, we deny other countries the opportunity to benefit from that knowledge,” she said.

According to the World Economic Forum’s Global Risks Report 2022, space is increasingly crowded and commercialized. While the diversification of actors is for many an exciting development, dated space governance frameworks are coming under considerable pressure, exposing fault lines between the ambitions of different players and the acceptability of their actions.

Echoing this message, Josef Aschbacher, Director-General of the ESA, noted that the volume of satellites indicates that regulation is important.

• For a better understanding of Space and to join the economic and industrial development of space follow MadeInSpace.com. Contributors welcome.

However, it will have to keep up with a fast-changing industry, which, according to Chris Kemp, the Founder, Chairman and Chief Executive Officer of Astra, is currently seeing a revolution of sorts. “Access is increasing all the time thanks to significant falls in the cost of putting satellites into space and this has enabled a new generation of entrepreneurs to build companies, to take these companies public and provide new capabilities.”

About the Davos Agenda 2022
For over 50 years, the World Economic Forum has been the international organization for public-private cooperation. The Davos Agenda 2022 is the focal point at the start of the year for leaders to share their outlook, insights and plans relating to the most urgent global issues. The meeting will provide a platform to accelerate the partnerships needed to tackle shared challenges and shape a more sustainable and inclusive future.

First published at TravelCommunication.net – Global Travel News

First published at TravelNewsHub.com – Global Travel News

China President Xi Opens Davos Agenda with Call for Greater Global Cooperation

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China President Xi Opens Davos Agenda with Call for Greater Global Cooperation - TRAVELINDEXGeneva, Switzerland, January 20, 2021 / TRAVELINDEX / President Xi Jinping of China called for stronger international cooperation in overcoming shared global challenges including defeating COVID-19, revitalizing the economy and addressing climate change, in the opening session of the World Economic Forum’s virtual event, the Davos Agenda 2022.

Xi outlined that the international community is still locked in a tenacious battle against what he called “a once-in-a-century pandemic”. Calling for greater global cooperation, he said: “The fight against the pandemic is proving to be a protracted one. COVID-19 is resurging with different variants and spreading faster than before. He added that shifting blame will only cause delays in response.”

Speaking in a special address to business, government and civil society leaders taking part in the week-long virtual event, he laid out a three-pronged approach to safeguard people’s health. First, countries need to strengthen active cooperation on research and development of medicines. Second, leaders need to build multiple lines of defence against the coronavirus. Third, countries need to fully leverage vaccines by ensuring equitable distribution, boosting vaccination rates and closing the global immunization gap.

Xi said that China is doing its part, having already sent more than 2 billion doses of vaccines to more than 120 countries and international organizations, to be closely followed by at least another 1 billion doses.

As the world emerges from the depths of pandemic gloom, Xi cautioned that several risks threaten to derail economic recovery, including disruptions in global supply chains, tight energy supply and rising commodity prices. He said: “If major economies take a U-turn in their monetary policies, there would be serious negative spillovers which will challenge global economic and financial stability.”

To fully unleash the vitality of the world economy, he also called for less protectionism, especially on trade. Economic globalization is an unstoppable trend which will not veer off course, he said, despite counter-currents along the way: “We should remove barriers, not erect walls. We should open up, not close off. We should seek integration, not de-couple.”

Xi highlighted China’s reform path. He pointed out that China’s domestic growth in 2021 hovered around a healthy 8% annually, with the country achieving its dual target of high growth with low inflation. Nevertheless, he also said Chinese leaders are aware of the further work necessary to achieve prosperity that benefits all people. “We remain committed to reform and opening up,” he said. “A rising tide indeed lifts all boats.”

On climate change, the Chinese president said that China stands ready to help the international community realize the UN 2030 agenda for sustainable development and to achieve carbon neutrality in the long term. He outlined that China would honour its word to achieve carbon peaking by 2030 followed by specific industry plans towards carbon neutrality. Xi pointed out that China has the world’s biggest carbon market and clean energy capability.

Xi also cautioned that “weaponizing economic, scientific and technological issues will gravely undercut international efforts to tackle common challenges”. He said: “Developed countries should take the lead in honouring their emission reductions, deliver on their commitment to financial and technological support and create conditions for developing countries to address climate change,” he added.

Klaus Schwab, the World Economic Forum’s Founder and Executive Chairman, thanked China for taking an active part in collaborative global efforts to combat shared challenges. “The year 2022 will provide a unique opportunity for global leaders to work jointly towards a more inclusive, more sustainable and more prosperous world,” Schwab said. “We must unite despite the different views we hold; ultimately we belong to a single global humanity whose fate is increasingly interconnected.”

About The Davos Agenda 2022
For over 50 years, the World Economic Forum has been the international organization for public-private cooperation. The Davos Agenda 2022 is the focal point at the start of the year for leaders to share their outlook, insights and plans relating to the most urgent global issues. The meeting will provide a platform to accelerate the partnerships needed to tackle shared challenges and shape a more sustainable and inclusive future.

First published at TravelCommunication.net

First published at TravelNewsHub.com – Global Travel News

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