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ROUNDUP / Digital WEF meeting: more investments in sustainability required | message


GENEVA (dpa-AFX) – Think about tomorrow today: Leading figures from the international economy and the British royal family made demands for the “Great Restart” of the global economy at a digital meeting of the World Economic Forum. “Investing sustainably now can be a quick, efficient and attractive way to start the economy again,” said Prince Charles, the heir to the throne, at the digital conference, which included corporate executives and WEF members on Wednesday. “We will only change if we want to change.”

Now there is an opportunity to take good things from the Corona crisis. Because of its global scale, people are made aware that pandemics and climate change know no borders. This shows how dependent we are on each other, the Prince of Wales said.

Meanwhile, the managing director of the International Monetary Fund, Kristalina Georgiewa, warned of impending poverty. “We are already forecasting more debt and more deficit, more unemployment and therefore a greater risk of more inequality and poverty,” she said in her speech at the WEF digital meeting. Investing in climate-friendly growth now could create more jobs in the future.

The meeting was preceded by the announcement that the Davos annual meeting with heads of government and business leaders would be opened to young people around the world. To this end, thousands will be able to enter into a dialogue online with those present in Davos in 400 cities in January 2021, the WEF announced on Wednesday at its headquarters in Cologny near Geneva. The motto of the meeting is “The big restart”.

“Improve the state of the world” was always the motto of the German economics professor Klaus Schwab (82), who founded the WEF in 1971. In view of the Corona crisis, one should adhere to this: “The great restart” is an obligation to jointly and urgently lay the foundations of our economic and social system for a fairer, more sustainable and more resilient future, the foundation said. “It requires a new social contract that focuses on human dignity and social justice and in which social progress does not lag behind economic development.” / Oe / DP / mis

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