Davos to host another WEF meeting, Ukraine crisis, key focus of climate change

After a gap of nearly two and a half years, the Swiss ski resort town of Davos will host the World Economic Forum Annual Meeting once again with a number of global leaders including from India expected to discuss the Ukraine crisis, climate change and a host of other issues affecting the world.

The annual high-profile event of the rich and powerful from around the world will kick off with a welcoming reception on Sunday evening and will continue through Thursday, May 26. Those scheduled to speak include Ukrainian President Volodymyr Zelensky, European Commission President Ursula von der Leyen and German Chancellor Olaf Scholz, among other world leaders.

From India, three union ministers — Piyush Goyal, Mansukh Mandaviya and Hardeep Singh Puri — as well as several state leaders including the two chief ministers — Basavraj S Bommai and YS Jagan Mohan Reddy — as well as KT Rama Rao from Telangana, Aditya Thackeray from Maharashtra and Thangam Thennarasu, along with several other community leaders and a number of CEOs will discuss the key issues over the next six days here.

In all, more than 50 heads of government or state are expected to attend the annual meeting, which usually takes place here in January when the small town is completely covered in snow, but this time during fine weather. 2021 cannot be carried out physically, while 2022 must be postponed due to the Covid pandemic.

The World Economic Forum (WEF) said the 2022 Annual Meeting would focus on ‘history at a turning point’, the summit’s theme.

Issues that will be discussed include government policies and business strategies against the backdrop of the global pandemic, and the war in Ukraine and geo-economic challenges.

The meeting is held at a strategic point where community leaders and global leaders will meet face-to-face to reconnect, exchange insights, gain new perspectives and leading-edge solutions.

The meeting’s top priority is to accelerate progress and make an impact in addressing global challenges and improving the state of the world, the WEF said.

After a gap of two and a half years, the meeting will bring together nearly 2,500 leaders and experts from around the world, all committed to the “Davos Spirit” to improve the state of the world.

Against a backdrop of deepening global frictions and rifts and a once-in-a-century pandemic, an unprecedented global context calls for goals and solutions, and the meeting’s ambition is to address these challenges, the WEF said.

Over the past two years, the World Economic Forum says, it has strengthened its impact initiatives, tackling issues ranging from COVID-19 and climate change to education and technology and energy governance.

These include the Reskilling Revolution, an initiative to provide 1 billion people with better education, skills and jobs by 2030; initiatives on universal environmental, social and governance (ESG) metrics and disclosures to measure stakeholder capitalism; and the 1 Trillion trees initiative, 1t.org, to protect trees and forests and restore the planet’s ecosystems.

With the world at such a critical turning point, global business and government leaders need to work together to develop long-term policies and strategies that will revitalize the hard-hit global economy, strengthen progress made to advance the Fourth Industrial Revolution and address the single greatest threat. for humanity — climate change, says WEF, which describes itself as an international organization for public-private partnerships.

“The Annual Meeting is the first summit that brings together global leaders in a new situation marked by the emergence of a multipolar world due to pandemics and wars.

“The fact that nearly 2,500 leaders from politics, business civil society and the media have come together in person demonstrates the need for a trusted, informal and action-oriented global platform to address problems in a crisis-driven world,” said Klaus Schwab, Founder and Executive Chairman. , World Economic Forum.

Cutting through the theme of the meeting are some of the priorities and issues that define the present moment and will shape the years to come.

The program will focus on six thematic pillars. This includes promoting global and regional cooperation; how to restore stability in the midst of a new era of geopolitical conflict and tension and promote trade, prosperity and partnerships; and secure economic recovery and shape a new era of growth.

It also includes how to stabilize the real economy and financial system, while also determining the future of balanced growth, globalization and development; and build a healthy and just society.

Leaders will also discuss how to move beyond the health emergency phase of the pandemic, rebuild and strengthen health resilience to future threats and invest in good jobs, living wages, skills and education, not forgetting to redefine stakeholder capitalism for new contexts. .

More than 1,250 leaders from the private sector will participate, along with nearly 100 Global Innovators and Technology Pioneers — the world’s most promising technology and business startups and enhancements.

Civil society will be represented by more than 200 leaders from NGOs, social entrepreneurs, academics, labor organizations, faith-based groups and more than 400 media and press coverage leaders.

The Annual Meeting will also bring together the younger generation, with 100 members of the Global Shaping Community and the Forum’s Young Global Leaders participating.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from the syndicated feed.)

.

Leave a Comment

%d bloggers like this: