World Economic Forum
World Economic Forum
Introduction
- World Economic Forum (WEF) is a non-profit organization that was founded in January 1971.
- WEF is based in Cologne-Geneva, Switzerland and was formed with an initiative to improve the states of the world.
- This organization was formerly known as the European Management Forum.
Background
- Based in Geneva, Switzerland, WEF is a not-for-profit International organization established in the year 1971.
- The Forum provides a platform for the CEOs of the largest companies, heads of state of countries, to meet each other and discuss business through bilateral meetings.
- It’s a meet to showcase countries’ potential in order to attract businesses.
- The theme of WEF 2020 is Stakeholders for a Cohesive and Sustainable World.
- It is basically a networking event where countries project themselves to garner investment.
WEF Goals and Challenges
- Protectionism is the biggest problem that the world is facing and the 50th summit of WEF is being held in this backdrop.
- In the recent past, US has advocated protectionism and has also been trying to decimate the WTO and other such organizations.
- The US’ approach towards climate agenda and towards trade has been disruptive.
- Because of the US-China trade war, there has been a distinct fall in investment flows and trade flows. World trade faced renewed headwinds in 2018 as trade tensions and economic policy uncertainty rose sharply.
- All the major, fastest-growing economies including India and China have slowed down presently. Most of the European economies are showing a growth of less than 1%.
- Many economists are projecting that by the end of 2020 there might be a mild global recession.
India at WEF 2020
- India is the largest consumer of LED bulbs and this has helped the nation in reducing power consumption and carbon emissions.
- This was stated by Union Minister for Commerce and Industry, Piyush Goyal who is leading the Indian delegation at the 50th World Economic Forum at Davos.
- The Minister stated that India will rely on coal as a baseload for the grid, to enable it to start introducing renewables.
Green Peace India
- Greenpeace is a non-profit organisation, with a presence in 40 countries across Europe, the Americas, Asia and the Pacific.
- To maintain its independence, Greenpeace does not accept donations from governments or corporations but relies on contributions from individual supporters and foundation grants.
- As a global organisation, Greenpeace focuses on the most crucial worldwide threats to our planet’s biodiversity and environment.
- It campaigns to:
- Save the oceans Stop whaling
- Stop climate change Protect ancient forests
- Eliminate toxic chemicals Encourage sustainable trade
- Say no to genetic engineering Stop the nuclear threat
Mission And Objectives Of Greenpeace
- Greenpeace is an independent, campaigning organisation that uses non-violent, creative confrontation to expose global environmental problems, and force solutions for a green and peaceful future.
- Greenpeace’s goal is to ensure the ability of the Earth to nurture life in all its diversity. Greenpeace organises public campaigns for:
- The protection of oceans and ancient forests.
- The phase out of fossil fuels and the promotion of renewable energy to stop climate change.
- The elimination of toxic chemicals .
- The prevention of genetically modified organisms being released into nature.
- An end to the nuclear threat and nuclear contamination.
- Safe and sustainable trade.
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