This year’s World Economic Forum Annual Meeting in Davos, Switzerland brought together the most prominent leaders and the disruptive voices of the global society from over 110 countries to define priorities and shape global and regional agendas. This year’s theme was Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution, to help identify the new models for peace, inclusiveness and sustainability. Leaders from every sector discussed profound international issues such as how to improve global cooperation, embrace the digital revolution and ways to tackle climate change.
The profound Climate Action milestones from the Annual Meeting are:
- Japan’s Prime Minister and host of the 2019 G20 meeting Shinzo Abe, said that climate action will be a top priority at this year’s G20. Japan will use it’s G20 Presidency to work towards a global commitment to reduce plastic in the oceans.
- A group of 50 global CEOs responsible for generating more than $1.3 trillion in revenue and with operations in 20 economic sectors across more than 150 countries and territories discussed the practical things they could do to reduce emissions. Having so far reduced their collective emissions by 9% since 2016, they developed ‘climate governance’ principles to help corporate boards manage climate change by translating climate risks into business processes.
- The Forum’s Centre for Global Public Goods helped to launch a $15 million project to start a formal electronic waste recycling industry in Africa. 10 global companies have pledged to take back the electronic waste that stems from their products.
- Peru joined the Forum’s Tropical Forest Alliance in a bid to help the country achieve its target of reducing deforestation in the Peruvian Amazon.
- Five Asian countries dump more plastic into oceans than anyone else combined. The Global Plastic Action Partnership (GPAP) announced its first national partnership in Indonesia will be launched March 12, 2019.
For more highlights please follow the link.