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Largest ‘Summer Davos’ Ever Aims to Boost Global Innovation

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Leaders participating in the 12th Annual Meeting of the New Champions, to be held in Tianjin, People’s Republic of China, 18-20 September, will be taking part in the largest ever World Economic Forum summit dedicated to the Fourth Industrial Revolution. In total, the meeting will welcome over 2,000 top-level representatives from politics, business, civil society, academia and the arts from over 100 countries.

The theme of the meeting is Shaping Innovative Societies in the Fourth Industrial Revolution. Top of the agenda will be workshops on how the Fourth Industrial Revolution, a transformation powered by new technologies such as artificial intelligence, the internet of things and gene editing, is already impacting economies and societies as well as the geopolitical landscape.

Ways in which our world is being impacted by these technologies include the widespread deployment of industrial robots in the manufacturing sector, a rapid expansion in the use of artificial intelligence in business and scientific research, the dangerous concept of “dual-use” technologies, or technologies designed for civilian use that can easily be repurposed for military application.

In addition, the meeting will focus on the key geopolitical and geo-economic issues of today, including the latest developments in global trade, the rise of a “multi-conceptual” geopolitical system and the prospects for the global economy.

There will also be a strong focus on China’s rapid development, featuring top-level discussions on a range of topics including developments in the Belt and Road Initiative, the opening up of China’s financial markets and the country’s recent launch of the world’s largest carbon trading scheme.

Like all World Economic Forum meetings, the design of the programme is heavily weighted towards delivering outcomes, with over 100 working sessions in the programme enabling participants to reach consensus, design policies and build partnerships aimed either at exploiting or mitigating the impacts of the wave of transformation.

“Our world is going through one of the most profound shifts in human history. We are only at the beginning of this transformation, yet we know it holds immense promise and challenges for our future. The purpose of designing an international summit that is dedicated to the Fourth Industrial Revolution is to focus the minds of our leaders on how to harness this immense potential and make sure that the future we build is human-centred, sustainable and inclusive,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.

“From its home in China, the Annual Meeting of the New Champions has grown over 12 years to become the leading global event bringing leaders from government and business together with those from science and technology. I’m proud this year to be welcoming so many Chinese and international partners, many for the first time, as we look to find new ways for innovation to address our gravest challenges and to drive human and economic development,” said David Aikman, Chief Representative Officer, China, World Economic Forum.

“The year 2018 marks the 40th anniversary of China’s reform and opening-up. Driven by the new international dynamics and revolutionary technologies, China will advance reforms and innovation to push for quality economic development for a brighter future. In the meantime, China is an unwavering champion for globalization that will continue to open its door wider while joining hands with all stakeholders to preserve economic openness and inclusion. I’m looking forward to being inspired by visionary insights and technological trends shared at the forum regarding the Fourth Industrial Revolution, which will provide a great source of power for advancing China’s development and global wellbeing in this new era,” said Xia Qing, Deputy Director General, Department of International Cooperation, NDRC.

“This year marks the 40th anniversary of ‘reform and opening-up’ in China, and the sixth Annual Meeting of the New Champions to be held in Tianjin. It is also an opportunity for Tianjin to realize the transition from high-speed growth to high-quality development. The meeting will not only introduce China’s achievements in deepening reform, extended open-up and cultural advancement but also provide the largest platform and the broadest development space to expand and enhance Tianjin’s competitiveness and influence,” said Zhao Haishan, Vice-Mayor, Tianjin Municipal Government.

Nearly 200 public figures from 42 countries will join the discussions in Tianjin. From China, these include: Wan Gang, President, Chinese Association for Science and Technology; Yi Gang, Governor, People’s Bank of China; Wang Zhigang, Minister of Science and Technology; Xiao Yaqing, Chairman, State-Owned Assets Supervision and Administration Commission (SASAC); and Liu Kun, Minister of Finance.

International public figures representing G20 economies include: Mounir Mahjoubi, Secretary of State for Digital Affairs of France; Dorothee Baer, State Minister for Digital Affairs of Germany; Nabeel M. Al-Amudi, Minister of Transport of Saudi Arabia; Jeff Radebe, Minister of Energy of South Africa; and Rick Snyder, Governor of Michigan, USA.

Four countries will be represented by heads of state or government. Meanwhile 38 countries will be represented by deputy heads of state, government or ministers. These include: Kamal Bin Ahmed Mohammed, Minister of Transportation and Telecommunications of Bahrain; Mohammed Shahriar Alam, State Minister for Foreign Affairs of Bangladesh; Rodrigo Malmierca Diaz, Minister of Foreign Trade and Foreign Investment of Cuba; Kersti Kaljulaid, President of the Republic of Estonia; Raimonds Vejonis, President of Latvia; Mohammed Abdul Wahed Al Hammadi, Minister of Education and Higher Education of Qatar; Tuilaepa Lupesoliai Sailele Malielegaoi, Prime Minister of Samoa; and Aleksandar Vucic, President of Serbia.

The Co-Chairs of the meeting, who will take an active role in a number of sessions, are: Jay Flatley, Executive Chairman, Illumina, USA; Suzanne Fortier, Principal and Vice-Chancellor, McGill University, Canada; Matt Hancock, Secretary of State for Health and Social Care, United Kingdom; Ken Hu, Deputy Chairman and Rotating Chairman, Huawei Technologies, People’s Republic of China; Liu Jitao, China Communications Construction Company, People’s Republic of China; Carlos Moedas, Commissioner for Research, Science and Innovation, European Commission; and Abi Ramanan, Chief Executive Officer, ImpactVision, UK.

Other key participants include: more than 1,500 business leaders including 500 founders and chief executive officers of the most exciting and innovative start-up companies, more than 50 Young Scientists, the new class of 2018 Technology Pioneers, and representatives from arts and culture, academia and the media. Representing the Forum’s communities are more than 300 Social Entrepreneurs, Global Shapers and Young Global Leaders.

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Breaking down barriers for recycling industries

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Standardization, awareness-raising, and regional cooperation – these were just some of the solutions to the many challenges faced by recycling industries globally, which were discussed at the Circular Economy: Development of Recycling Industries meeting.

The  meeting, co-organized by the United Nations Industrial Development Organization (UNIDO) Environment Department and the Bureau of International Recycling (BIR), brought together recycling experts, representatives of UNIDO Member States, and industry leaders from all over the world to discuss existing barriers to recycling industries and innovative approaches to overcome these.

From plastics to textiles recycling, a broad range of presentations from representatives of national governments, NGOs and industry, offered perspectives on how to move forward, with examples of innovative initiatives brought from both developed and developing countries alike.

Mattresses, waste bins, and home furnishings were just some of the recycled (and recyclable) products presented by companies from Italy and Guinea, with industry giants, such as IKEA, also providing insights into their efforts as brand leaders when it comes to recycled cotton and polyester.

The meeting was also an opportunity for UNIDO to showcase some of the projects it has been working on in this area, including e-waste in the Latin American and Caribbean region. Other related projects include metals recycling in Thailand, e-waste in the Philippines, recycling industry development in Senegal and a Southern African Development Community (SADC) regional project helping reduce open burning through the introduction of recycling.

Institutional, structural, and economic barriers were identified during the sessions, with legal and regulatory frameworks representing a challenge in many regions. Extended Producer Responsibility (EPR) was another key theme of the meeting, as well as the establishment of internationally-recognized criteria for recyclables, and the potential for integrating the formal and informal recycling sectors, particularly in developing economy contexts.

Engaging civil society and changing mindsets and attitudes towards recycling at a global level was also seen as essential for the successful development of the recycling industry.

“Civil society must be at the forefront of any recycling activity,” affirmed Ranjit Singh Baxi, President of the BIR.

The meeting highlighted the important role that UNIDO has to play in convening stakeholders to discuss industrial development topics relevant to UNIDO Member States. This meeting’s interactive format allowed participants to take part in digital polls for each session, as well as to pose questions to the various panels, which were then ranked and sorted digitally according to the audience’s preferences.

The insights gained during this event will contribute to UNIDO programming for the coming years and strengthening the Organization’s services in this area.

“Strengthening multilateral dialogue is essential and UNIDO stands ready to continue to foster such dialogue on global environmental cooperation and the circular economy in the name of inclusive and sustainable industrial development,” stated Stephan Sicars, Director of UNIDO’s Environment Department, at the close of the meeting.

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Abu Dhabi Fund for Development Loans Worth over US$50 Million Available

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Abu Dhabi Fund for Development (ADFD) and The International Renewable Energy Agency (IRENA) are inviting applications for more than US$50 million in funding through the IRENA/ADFD Project Facility. The ADFD-financed initiative is available to government-guaranteed renewable energy projects in developing countries that seek to increase energy access, improve livelihoods and advance sustainable development.

ADFD has committed US$350 million (AED1.285 billion) in concessionary loans over seven annual funding cycles to renewable energy projects recommended by IRENA.

The facility welcomes proposals for projects – especially those submitted by ministries, public utility entities and rural electrification agencies – that are able to obtain a government guarantee for the ADFD loan.

“Renewable energy can have a powerful impact on the livelihoods of people across the globe,” said IRENA Director-General Adnan Z. Amin. “It is the most cost-competitive option to expand access to energy and improve socio-economic welfare while creating jobs and empowering local communities. Now in its seventh funding cycle, the IRENA/ADFD Project Facility has a proven track record of driving positive change through renewable energy deployment, supporting developing countries to benefit from the energy transformation.”

For his part, His Excellency Mohammed Saif Al Suwaidi, Director General of ADFD, said: “Since its launch in 2012, the IRENA/ADFD Project Facility has continued to deliver on the UAE’s promise to introduce renewable energy solutions in developing countries as a sustainable and long-term alternative to conventional energy sources. Advancing the renewable energy sector helps achieve the UN’s Sustainable Development Goals, as well as create jobs and stimulate economic growth. We are proud of the milestones this facility has marked, and look forward to receiving cutting-edge and impactful applications for the seventh and final funding cycle.”

In the first five cycles, the IRENA/ADFD Project Facility allocated US$214 million to 21 renewable energy projects across the globe, covering up to 50 per cent of the project costs. The efforts will bring more than 100 megawatts of renewable energy capacity online, improving the lives of over a million people through energy access. Spanning Asia, Africa, Latin America and Small Island Developing States, the projects encompass the complete spectrum of renewable energy sources – wind, solar, hydro, geothermal and biomass – and technologies. To fulfil its commitment to contributing a total of US$350 million towards sustainable development, ADFD will allocate all outstanding funds by the seventh and final cycle.

The projects selected for the sixth funding cycle will be announced in January 2019.

Summary applications for the seventh cycle will be accepted until 17:00 GST on 14 February 2019.

IRENA

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Digital Technology Will Help Djibouti Leap into the Future

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Digital technology will have a critical part to play in boosting Djibouti’s socio-economic development and meeting the ambitious goals set out in its national strategy, Vision Djibouti 2035. As a key step toward building a strong, inclusive digital economy, the Government of Djibouti and the World Bank are co-hosting a high-level event that will explore the potential benefits of digital development and propose a concrete roadmap of action.

“Disruptive technologies are creating new business models, opening up new markets, and giving consumers access to more products and services than ever before. It is hard to overstate the economic potential of these transformations,” said Ilyas Moussa Dawaleh, Djibouti’s Ministry of Economy and Finance. “In a country like ours, developing a high-performing digital ecosystem will provide a unique chance to stimulate the economy and create jobs. The Digital Economy conference starting today will bring us one step closer to this vision.”

“The digital sector will be key to improving the lives of Djiboutian people, expanding our economy, and strengthening our position as a logistics and commercial hub. With eight submarine cable landing on our shores, there is no doubt Djibouti has what it takes to become a digital leader in the region,” noted Abdi Youssouf Sougueh, Minister of Communications. “We are keen to bring in development partners like the World Bank to leverage this infrastructure to the fullest and reinforce all the other fundamentals that are necessary to nurture a vibrant digital economy.”

The conference will bring together a wide range of government representatives, technology pioneers, and development partners. Building on this uniquely diverse combination of knowledge and global perspectives, participants will assess Djibouti’s digital landscape, share international best practices, discuss how technology can help modernize all sectors of the economy, and outline a clear strategy and action plan for digital development in the country.

“Countries around the world are leveraging digital innovation to accelerate economic growth and build a better future for people, and Djibouti is very well positioned to gain from that approach,” said Boutheina Guermazi, World Bank Director for Digital Development. “I am confident this event will pave the way for close collaboration on digital development between the Word Bank, Djibouti, and countries across the Middle East and Africa.”

In addition to discussing Djibouti’s opportunities and challenges, the event will also highlight the need for bolder action on digital development engagement across the region.

Sessions will cover all key dimensions of digital development, with a focus on how to strengthen the five pillars of the digital economy: digital infrastructure; innovation and entrepreneurship; digital financial services and identification; digital platforms; and digital literacy and skills.

“Technological innovation holds great promise for Djibouti. By harnessing the full power of the digital economy, the country could see significant GDP growth, create a future-proof labor market, and raise living standards for all segments of the population. We stand ready to work hand in hand with Djibouti on this journey, to help create the right conditions for a thriving digital sector,” said Atou Seck, World Bank Resident Representative in Djibouti.

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