Time is running out for action to stem climate change and, while the world is still debating whether the change is real, weather migrants and refugees are becoming a reality, experts told a session on environmental risks at the World Economic Forum.
In a few months’ time, Cape Town in South Africa will become the first major city in the world to completely run out of water, if nothing changes before then, as a result of drought. Other parts of the world are facing weather-related crises on a similar scale.
There is insufficient urgency in meeting the goals on climate change set in the Paris Agreement and more radical measures are required to address the issues, speakers said.
The issues of environment and sustainability need to be pushed to the top of the corporate agenda as the problem is too large for governments alone to tackle. “We need a new contract between capital, corporations and government,” said Philipp M. Hildebrand, Vice-Chairman, BlackRock Inc.
He said he was starting to see a “sea change” in the way corporations are looking at climate issues. This relates, in part, to the transfer of wealth to a generation that cares about sustainability and climate issues, and also to the growing commitment by companies to environmental, social and governance principles, especially as research is starting to show that these practices, when integrated into business, may actually offer better returns to investors.
Al Gore, Vice-President of the United States (1993-2001); Chairman and Co-Founder, Generation Investment Management, USA, said humanity still has the opportunity to take control of its destiny but it will only happen if more people accept the imminent danger and cost of climate change. This is beginning to happen. “There is a building wave. We are in the early stages of a sustainability revolution. It has the magnitude of the Industrial Revolution but the speed of the digital revolution,” he said. However, he cautioned, time is of the essence.
Peter O’Neill, Prime Minister of Papua New Guinea, said the climate issue had become more mainstream in conversations over the past few years but this did not help countries such as his, which recently experienced a long drought that precipitated serious food shortages. He warned that climate change not only threatened communities but also nations. At least a third of countries in the African, Caribbean and Pacific Group of States, to which Papua New Guinea belongs, are in danger of disappearing as a result of climate change.
“The world seems to think they have time. But there are real communities already suffering,” he said.
Hindou Oumarou Ibrahim, Coordinator, Association for Indigenous Women and Peoples of Chad (AFPAT), Chad, said the rainy season was now much shorter, causing hardship for local farmers. Lake Chad is an example of an extreme weather development, with 90% of the lake having evaporated over the past 40 years. This has resulted in food shortages and an increase in conflict among lakeside communities over resources.
She said local solutions to the problem are necessary as countries cannot wait for solutions to be crafted at a global level. “It is difficult to change the consumer behaviour of people trying to survive. Energy is a luxury for a country like mine.” She added her voice to the call for faster and more radical change to turn the situation around.
A spotlight was shone on the consumer as a driver of change. If individuals insist on climate and environmentally friendly alternatives, it will pressure manufacturers and other companies to change the way they operate and what they provide. Governments can also use incentives and legislation to change behaviour.
Renewable energy is widely seen as a significant part of the solution in the fight against climate change, particularly as costs have dropped dramatically. However, the reality is that more than 30% of energy is provided by fossil fuels and this will not change dramatically in the near future unless cheap and easy solutions are found to store alternative energy.
Youth Calls for Action to Build the Workforce of the Future
Over 400 youth representatives from Asia and the Pacific launched the Incheon Youth Declaration on the Future of Work, which calls upon the international community to invest in more inclusive, large-scale, and market-relevant solutions for youth employment and entrepreneurship.
The declaration, launched during the 6th Asian Youth Forum (AYF6) and coinciding with the celebration of the International Youth Day on 12 August, reflects the shared vision, commitments, and calls to action of the youth to inform future policy strategies and project initiatives to promote decent work. AYF6, with the theme “Building the workforce of the future,” was organized by the Asian Development Bank (ADB), Incheon Metropolitan City, Incheon Tourism Organization, Plan International, and AIESEC.
“We at ADB commit to continue investing in youth through our operations, including through our work in education, and in many other sectors we are supporting. We appreciate that the declaration today covers various issues including partnerships, entrepreneurship, as well as environment,” said Special Senior Advisor to the ADB President Mr. Ayumi Konishi, who also emphasized that the declaration will help guide ADB in advancing efforts to invest in education and empowering youth as key development partners in the region.
“Incheon will further boost its efforts to support youth employment and startups through various policies, such as the establishment of youth policy organization, cluster for startup incubators, funds, and forum for startups,” said Vice Mayor of Incheon Metropolitan City Mr. Jong Sik Heo. Acting President of the Incheon Tourism Organization Mr. Yong Sik Lee also attended the event.
The declaration highlights several key issues affecting youth employment and the future of work and what several stakeholders including governments, private sector, civil society, multilateral institutions, academe, and the youth themselves can do to address them. These issues include ensuring decent work and inclusion; transitioning from education and training to work; fostering youth entrepreneurship; and preparing for jobs of the future.
Youth delegates from 20 developing member countries of ADB have expressed their commitment in carrying out the efforts outlined in the declaration. Ms. Priscilla Caluag, a delegate from the Philippines, shared that the Asian Youth Forum has given her and other young people from the region a unique opportunity to act in ways beyond their own personal interests but ultimately for the betterment of society.
Are Real Estate CEOs missing out on the technology opportunity?
In its 21st annual survey of CEOs from around the world PwC found that technology does not top the agenda for real estate CEOs either as a threat or an opportunity.
Only 17% of real estate CEOs cite cyber threats as a danger to their growth prospects, compared with 40% of all CEOs who took part in the survey. While even fewer, only 10% of real estate CEOs, view the speed of technological change as a threat to their organisations compared with 38% of all CEOs.
Looking at opportunities only 20% of real estate CEOs said they clearly understood how robotics and artificial intelligence can improve customer services compared with 47% of all CEOs.
Real estate also appears to be a bit behind the curve when it comes to future talent with just 43% of real estate CEOs rethinking their human resources function to attract digital talent compared with 60% of CEOs overall.
“For most of its history, the capital-intensive real estate industry has had good reason to be slow moving and conservative. But times are changing. Technology, urbanisation and social changes are transforming how we live, work and play and therefore how we use real estate, meaning business leaders need to be bold and innovative if they will continue to succeed”, said Craig Hughes, global real estate leader, PwC.
“Our survey results suggest that real estate CEOs have some way to go if they are to meet digital disruption head on and reap the benefits. In our view, this process should start through building a more diverse group of talent, including data scientists and behavioural experts, to work alongside their existing talent and build the real estate champions of tomorrow.”
Uzbekistan develops forest monitoring system
Uzbekistan took another step towards monitoring sustainable forest management in support of the Sustainable Development Goals.
On 8-10 August 2018, more than 30 forestry experts from Uzbekistan, Turkey and the Russian Federation met in Tashkent, Uzbekistan, to review a draft set of criteria and indicators for sustainable forest management developed over the past years.
National forest monitoring systems and assessments are designed to provide reliable information on how forests are managed and used, thus helping to improve national forest policy development, planning and sustainable management.
This was a priority noted by President Shavkat Mirziyoyev during a 2017 address to Parliament. There, he pointed out a need to develop criteria for assessing the effectiveness of state bodies in Uzbekistan.
“Based on this message of the President, the State Committee of Forestry in Uzbekistan is developing this specific criteria and indicator set for sustainable forest management,” said Mr. Abduvokhid Zakhadullaev, representative of the committee, at this UNECE/FAO workshop.
The workshop was organized by the UNECE/FAO Forestry and Timber Section in cooperation with the State Committee of Forestry of the Republic of Uzbekistan and is part of a 3-year United Nations Development Account project designed to support Armenia, Georgia, Kazakhstan, Kyrgyzstan, and Uzbekistan in the development of accountability systems for sustainable forest management.
The UNECE/FAO project has helped to bring sustainable forest management to the political agenda in Uzbekistan. “Having a functional forest reporting system will not only be beneficial for national forest monitoring”, said Mr. Ekrem Yazici, Deputy Chief of the Forestry and Timber Section, “it will also enable Uzbekistan to progress on the Sustainable Development Goals and the Global Forest Resources Assessment”.
Fourteen criteria are listed in the plan for sustainable forest management in Uzbekistan, covering such issues as forest policy, forest resources, desertification, legal and institutional matters, forest certification and ecotourism.
Moreover, in support of the Bonn Challenge, Uzbekistan has joined the regional effort of the Caucasus and Central Asia to restore 2.5 million hectares of degraded land by 2030. This is another example of the rapid pace with which Uzbekistan is moving forward to address forest-related challenges, bearing in mind that the State Committee of Forestry was established only in 2017.
Pakistan not a Threat for Israel: Clearing Misconceptions
Ever since 1998; the beginning of Pakistan’s nuclear age, the state’s self-defense mechanism has been a source of worry and...
Swalwell a Major Contender for U.S. Presidency in 2020
One of the most gifted politicians in the Democratic Party — and fastest-rising — is the 37-year-old Eric Swalwell, whose...
Amid ethnic protests, Iran warns of foreign meddling
Iran has raised the spectre of a US-Saudi effort to destabilize the country by exploiting economic grievances against the backdrop...
To beat hunger and combat climate change, world must ‘scale-up’ soil health
Healthy soils are essential to achieve ‘Zero Hunger’ – and other Sustainable Development Goals (SDGs) – peace and prosperity, the...
CPEC: The not so cool COAL corridor
With energy comes wealth and with wealth comes prosperity! No one can doubt the veracity of this conclusion. But most...
Social Mobility and Stronger Private Sector Role are Keys to Growth in the Arab World
In spite of unprecedented improvements in technological readiness, the Arab World continues to struggle to innovate and create broad-based opportunities...
America’s Militarized Economy
Donald Trump’s biggest success, thus far into his Presidency, has been his sale of $400 billion (originally $350 billion) of...
Intelligence2 days ago
After a New Massacre, Charges That ISIS Is Operating With Assad and the Russians
Southeast Asia3 days ago
Seven Years of UNITE Thailand: Freedom to be Free
Middle East3 days ago
Yemen war challenges Saudi moral authority
South Asia2 days ago
Behind Indo-Pacific Vision
Economy3 days ago
The impact of labour market trainings on unemployment process in the global labour economy
Cities3 days ago
5 insider tips to plan an unforgettable African vacation
Newsdesk3 days ago
Are Real Estate CEOs missing out on the technology opportunity?
Urban Development2 days ago
ADB-Funded High-Tech, Low Emission Buses Rolled Out in Kathmandu