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Korea Invests $9 Million to Support Science and Technology Skills Across Sub-Saharan Africa

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The International Centre of Insect Physiology and Ecology (ICIPE today signed an initial US$ 3.8 million grant agreement with the World Bank, as part of a larger US$ 9 million grant by the Government of Korea to support the Regional Scholarship and Innovation Fund (RSIF) aimed at building world-class class scientific capacity across Sub-Saharan Africa.

The RSIF grant contribution from the Government of Korea will be managed by the World Bank as a Trust Fund and implemented by ICIPE in support of broader Africa technical skills development initiative under the umbrella of the Partnership for skills in Applied Sciences Engineering and Technology (PASET).

Earlier in May 2018, the World Bank and the Government of Korea signed a Memorandum of Understanding (MoU) on the margins of the Africa Development Bank Annual Meetings in Busan, Korea, under which Korea agreed to set up a US$10 million Trust Fund at the World Bank to support the RSIF and strengthen the on-going partnership to build Africa’s technical and scientific capacity. The contribution will be implemented by ICIPE as part of a US$24 million project to support the RSIF, which also includes a US$15 million grant from the World Bank to ICIPE to become a regional capacity builder for high quality PhD training, research and innovation in areas imperative to Africa’s transformation, such as renewable energy, big data, artificial intelligence, materials engineering, food security and climate change.

“PASET is delighted to receive this contribution from the Government of Korea, which marks the launch of a new phase for the RSIF. We deeply appreciate Korea’s support to PASET and Africa in recent years and look forward to a continued long-term mutual partnership towards building African capacity in science, technology and innovation to propel the continent’s transformation.” said Hon. Amb. (Dr.) Amina Mohamed, Chairperson of the PASET Governing Council

The support from the Government of Korea will facilitate PhD scholarships and research support to students and university faculty working on relevant transformative technologies across Sub-Saharan Africa. It will also provide funding for “sandwich” PhD training programs (programs incorporating international and home-based study) for scholars from African universities. It will also integrate cross-country knowledge exchange by enabling collaborative research between faculty in Sub-Saharan Africa universities and Korean universities in priority areas such as information and communication technology, solar energy, energy storage, and materials engineering with a focus on the innovative growth sectors.

“ICIPE is honored to support implementation of the RSIF, an initiative with a noble goal for the continent; one that resonates with our Centre’s vision in many ways,” noted ICIPE Director General & CEO, Dr Segenet Kelemu. “We believe that our near 50-year history stands as a testament of unrelenting commitment to science and innovation-led development in Africa.”

An estimated 20 representatives and delegates from Sub-Saharan Africa and the Government of Korea are expected to attend the event demonstrating Africa’s commitment to invest and develop technological skills and the collaboration between PASET, Korea and the World Bank.

“The World Bank is excited to be partnering with the Government of Korea on a new project to support the RSIF. Africa’s scientific and technical capacity will be key drivers for its economic growth and the RSIF is an important initiative on the continent that will help build highly qualified local talent as well as strong institutional capacity in a sustainable manner,” said Sajitha Bashir, World Bank Education Practice Manager for Eastern and Southern Africa.

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Digital Tech Can Reduce Emissions by up to 20% in High-Emitting Industries

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Digital technologies can reduce greenhouse gas emissions by up to 20% by 2050 in the three highest-emitting sectors: energy, mobility and materials. As businesses and governments respond to global calls for action to tackle climate change, significant efforts must be put in place to achieve net zero.

These new estimates are the result of a collaboration between the World Economic Forum and Accenture. However, a large gap remains between commitments and action. Estimates of current commitments indicate a projected emissions reduction of merely 7.5% when a 55% reduction is needed. Closing this gap will require high-emitting sectors to rethink efficiency, circularity and sustainability.

Digital solutions that can cut global emissions

Energy, materials and mobility constitute the highest emission sectors, contributing 43%, 26% and 24% respectively of total emissions in 2020. These industries can use four digital technologies to decarbonize their operations and value chains: foundational technologies such as big data analytics; decision-making technologies such as artificial intelligence/machine learning and digital twins; enabling technologies such as cloud, 5G, blockchain and augmented reality; and sensing and control technologies such as internet of things, drones and automation.

According to the estimates, digital solutions can reduce emissions by up to 8% in the energy sector by enhancing carbon-intensive processes, improving energy efficiency in buildings, and deploying and managing renewable energy.

In the materials sector, digital solutions can improve mining and upstream production and enhance efficiency and circularity of materials, reducing up to 7% of GHG emissions by 2050. The mobility sector can reduce emissions by up to 5% by supporting the transition from fossil fuel combustion to green molecules, improving supply chain efficiencies and optimizing travel routes.

“Digital technologies and business models are readily available levers for companies to accelerate their climate and energy transitions. Technology can bring transparency, efficiency and circularity to business processes and value chains. Shared learning and action by industry leaders and climate coalitions will be key to realizing the benefits of technology at scale while keeping its carbon footprint low,” said Manju George, Head of Platform Strategy, Digital Economy, World Economic Forum.

Lighthouse examples show what’s possible

The Forum is curating an inventory of lighthouse examples, companies that are leading the way in implementing digital technologies to reduce their carbon footprint and deliver economic growth to inspire more adoption and collaboration.

“The combination of digital and sustainability is already creating significant value across industries but many companies are still seeking the practical, strategic and impactful actions they must take now to realize the full impact of their ambitions and commitments,” said Kathleen O’Reilly, Global Lead, Accenture Strategy.“While every digital transformation will look different, the use of real-time data to enable sustainable decision-making, new-skilling opportunities for workforces to scale digital, and collaboration both within the organization and across the value chain will be core to the success of all.”

In each sector, digital technologies must be deployed together with new climate technologies and business models to deliver net zero. In addition, efforts to reduce emissions from the digital technologies themselves must continue, keeping their net impact on the planet overwhelmingly positive.

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Growing Alliance to Accelerate Digital Healthcare, Education, Finance

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The EDISON Alliance for digital inclusion has launched a new programme to accelerate digital inclusion in the “life critical” sectors of health, education and finance.

A network of “Lighthouse Countries” including Bahrain, Bangladesh and Rwanda will work with the United Nations Development Programme (UNDP) on the new programme in their respective countries. By facilitating new partnerships, incentivizing projects and unlocking capital at scale, the Lighthouse Countries Network will further the EDISON Alliance’s 1 billion lives vision of providing affordable digital solutions by 2025.

“More than a third of the world is still offline and left behind,” said Derek O’Halloran, Member of the Executive Committee, World Economic Forum. “Many countries are making great progress, but much work still needs to be done. The Lighthouse Country Network will provide a platform for countries both to learn from each other, showcase their successes and access a global network of partners and resources to accelerate their national goals”.

Inclusive digital transformation is a huge mission for any country that cannot be achieved by governments alone, and would require active participation from the local ecosystem – both public and private sector, said Achim Steiner, Administrator, UNDP. “We are glad to support the Lighthouse Countries Network, and we hope it will bring new momentum to more countries,” he said.

Rwanda continues to move towards a cashless economy supported by mobile payments. Working with the EDISON Alliance as a Lighthouse Country, it will prioritize innovative partnerships towards equitable and affordable access to smart mobile devices. “We are excited about the partnership possibilities on the important issue of devices, financial inclusion and broader digitalization that we can achieve through the EDISON Alliance,” said Paula Ingabire, Minister for ICT and Innovation, Rwanda.

Bahrain is prioritizing digital inclusion in education to provide digital skills and literacy training to students and to empower women and girls to enter Science, Technology, Engineering, and Mathematics (STEM) careers. The country will work with fellow EDISON Alliance member, Women in Tech, towards these goals. “Bahrain’s partnership with the EDISON Alliance reflects the Kingdom’s strong commitment to building an economy of ideas and creativity in which we invest in human capital and in which individuals make a return on investment in themselves,” said Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, Bahrain.

Bangladesh is focusing on delivering affordable digital education to students by equipping teachers with digital skills. “Through the Lighthouse Countries Network, we hope to share our learnings with countries facing similar challenges, and partner with fellow EDISON Alliance Champions to better prepare our teachers and students with skills, education, employment and entrepreneurship – narrowing the digital skills gap and offering more opportunities for youth in Bangladesh,” said Zunaid Ahmed Palak, Minister of State for ICT, Bangladesh.

The World Economic Forum’s EDISON Alliance brings together leaders from across industries and governments to mobilize a global movement for digital inclusion. Less than one year since launching its 1 Billion Lives Challenge, the alliance has doubled the number of commitments from governments, organizations and companies to accelerate digitally inclusive solutions. This includes recent commitments from Bahrain, BBVA, Bharti Enterprises, Crescent Enterprises, Darsel, Dell, Digital Opportunity Trust, Ericsson, Inmarsat, Hewlett Packard Enterprise, Kredivo, NITI Aayog, and Nokia.

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WEF Unveils Virtual Global Collaboration Village as the Future of Strong Public-Private Cooperation

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The World Economic Forum is embarking on an ambitious new journey to harness the potential of the metaverse as a platform for collaborative, inclusive and effective international action.

The Forum, in collaboration with Accenture and Microsoft, is building a Global Collaboration Village as the virtual future of public-private cooperation. It will provide immersive spaces where stakeholders can convene, create and take action on the world’s most pressing challenges.

“Since our founding in 1971, the Forum has served as a platform where business, government, civil society and other stakeholders can come together to address critical global issues,” said Klaus Schwab, the Forum’s Founder and Executive Chairman. “The metaverse will influence the way, people, governments, companies and society at large think, work, interact and communicate for the purpose of collectively addressing issues on the global agenda. The Global Collaboration Village will be an extension of the World Economic Forum’s public private platforms and in-person meetings and will provide a more open, more sustained and more comprehensive process for coming together.”

Julie Sweet, Chair and CEO of Accenture, said: “While the metaverse is only in its early days, it already holds great promise, not only for redefining how organizations work and interact but also for fostering effective public-private partnerships. We are pleased to collaborate with the World Economic Forum and Microsoft in creating the Global Collaboration Village and pioneering a trusted metaverse space. This will complement the Forum’s real-world collaborations and invite a range of diverse stakeholders to come together to address the world’s most critical challenges and innovate a more sustainable future for all.”

The Global Collaboration Village will bring together key global stakeholders – international organizations, governments, partner companies and civil society organizations – to imagine alternative futures, explore ideas in an immersive way and envision what the future world could be. The Forum aims to be a pioneer within this new space and bring together others to co-create within it.

Key aims of the Global Collaboration Village

Global cooperation – To create a new virtual space where global interaction can be enhanced and cooperative solutions found

Interactivity – To provide immersive experiences to foster a better understanding of key global challenges

Inclusivity – To offer a collaborative public space where broad participation in discussions about pressing global issues is both encouraged and enabled

Impact – The platform and all of its goals are geared towards catalysing more effective individual and collective action following the Forum’s mission statement and commitment to improving the state of the world

About the launch of the Global Cooperation Village

The World Economic Forum, in collaboration with the Strategic Partners Accenture and Microsoft, presented the overall concept and architecture of the Global Collaboration Village, as well as a proof-of-concept of the experience and functionality, at the Annual Meeting 2022.

This launch is the first step on a new journey. The Forum will continue to develop the Global Collaboration Village, together with a founding partners group, over the coming months and years, with the aim of turning the metaverse into a place where international cooperation can be strengthened and re-energized.

In addition, the Forum is launching a new initiative on Defining and Building the Metaverse, which convenes more than 60 leading companies from technology and other sectors alongside experts from governments, academia and civil society to accelerate the development of governance and policy frameworks for the metaverse and strengthen economic and social value creation opportunities. This initiative and the Global Collaboration Village will help shape the foundations of the metaverse to truly create an equitable, interoperable and safe digital environment from the onset.

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