“The Great Reset” will be the theme of a unique twin summit to be convened by the World Economic Forum in January 2021. The 51st World Economic Forum Annual Meeting will bring together global leaders from government, business and civil society, and stakeholders from around the world in a unique configuration that includes both in-person and virtual dialogues.
“We only have one planet and we know that climate change could be the next global disaster with even more dramatic consequences for humankind. We have to decarbonize the economy in the short window still remaining and bring our thinking and behaviour once more into harmony with nature,” said Klaus Schwab, Founder and Executive Chairman of the World Economic Forum.
“In order to secure our future and to prosper, we need to evolve our economic model and put people and planet at the heart of global value creation. If there is one critical lesson to learn from this crisis, it is that we need to put nature at the heart of how we operate. We simply can’t waste more time,” said HRH The Prince of Wales.
“The Great Reset is a welcome recognition that this human tragedy must be a wake-up call. We must build more equal, inclusive and sustainable economies and societies that are more resilient in the face of pandemics, climate change and the many other global changes we face,” said António Guterres, Secretary-General, United Nations, New York.
“A Great Reset is necessary to build a new social contract that honours the dignity of every human being,” added Schwab “The global health crisis has laid bare the unsustainability of our old system in terms of social cohesion, the lack of equal opportunities and inclusiveness. Nor can we turn our backs on the evils of racism and discrimination. We need to build into this new social contract our intergenerational responsibility to ensure that we live up to the expectations of young people.”
“COVID-19 has accelerated our transition into the age of the Fourth Industrial Revolution. We have to make sure that the new technologies in the digital, biological and physical world remain human-centred and serve society as a whole, providing everyone with fair access,” he said.
“This global pandemic has also demonstrated again how interconnected we are. We have to restore a functioning system of smart global cooperation structured to address the challenges of the next 50 years. The Great Reset will require us to integrate all stakeholders of global society into a community of common interest, purpose and action,” said Schwab. “We need a change of mindset, moving from short-term to long-term thinking, moving from shareholder capitalism to stakeholder responsibility. Environmental, social and good governance have to be a measured part of corporate and governmental accountability,” he added.
This innovative summit will be a very different Annual Meeting, reflecting the spirit of the Great Reset. It will provide a unique opportunity at the beginning of 2021 to bring together the key global government and business leaders in Davos, yet framed within a global multistakeholder summit driven by the younger generation to ensure that the Great Reset dialogue pushes beyond the boundaries of traditional thinking and is truly forward-oriented.
To do so, the World Economic Forum will draw on thousands of young people in more than 400 cities around the world (the Global Shapers Community) who will be interconnected with a powerful virtual hub network to interact with the leaders in Davos. Each of those hubs will have an open house policy to integrate all interested citizens into this dialogue, making the Annual Meeting open to everyone. In addition, global media and social media networks will mobilize millions of people, enabling them to share their input while also providing them with access to the Annual Meeting discussions in Davos.
The announcement of the Great Reset was made by HRH The Prince of Wales and Professor Schwab during a virtual meeting, followed by statements by UN Secretary-General António Guterres and IMF Managing Director Kristalina Georgieva.
Their statements were supported by voices from all stakeholder groups of global society, including Victoria Alonsoperez, Founder and Chief Executive Officer, Chipsafer, Uruguay, and a Young Global Leader; Caroline Anstey, President and Chief Executive Officer, Pact, USA; Ajay S. Banga, Chief Executive Officer, Mastercard, USA; Sharan Burrow, General Secretary, International Trade Union Confederation (ITUC), Brussels; Ma Jun, Chairman, Green Finance Committee, China Society for Finance and Banking, and a Member of the Monetary Policy Committee of the People’s Bank of China; Bernard Looney, Chief Executive Officer, bp, United Kingdom; Juliana Rotich, Venture Partner, Atlantica Ventures, Kenya; Bradford L. Smith, President, Microsoft, USA; and Nick Stern, Chair, Grantham Research Institute on Climate Change and the Environment, United Kingdom.
In the run-up to the Annual Meeting, the Forum will host a virtual series, The Great Reset Dialogues. These dialogues are a joint initiative of the World Economic Forum and HRH The Prince of Wales. Contributions to the Great Reset will also be invited through UpLink, the World Economic Forum’s digital platform to crowdsource innovations for the Sustainable Development Goals.
Climate Change Could Further Impact Africa’s Recovery
The World Bank’s new Groundswell Africa reports, released today ahead of the 26th session of the Conference of the Parties (COP 26), find that the continent will be hit the hardest by climate change, with up to 86 million Africans migrating within their own countries by 2050.
The data on countries in West Africa and the Lake Victoria Basin show that climate migration hot spots could emerge as early as 2030, and highlight that without concrete climate and development action, West Africa could see as many as 32 million people forced to move within their own countries by 2050. In Lake Victoria Basin countries, the number could reach a high of 38.5 million.
“From pastoralists travelling the Sahel to fishermen braving the seas, the story of West Africa is a story of climate migrants. As countries are experiencing rises in temperatures, erratic rainfall, flooding, and coastal erosion, Africans will face unprecedented challenges in the coming years,” says Ousmane Diagana, World Bank Vice President for Western and Central Africa. “This series of reports identifies priorities for climate action that can help countries move towards a green, resilient and inclusive development and generate opportunities for all African people.”
Slow-onset climate change impacts, like water scarcity, lower crop and ecosystem productivity, sea level rise, and storm surge will increasingly cause people to migrate. Some places will become less livable because of heat stress, extreme events, and land loss while other areas may become more attractive as consequence of climate-induced changes, like increased rainfall. Unattended, these shifts will not only lead to climate-induced migration, potentially deepening existing vulnerabilities and leading to increased poverty, fragility, conflict, and violence
The authors highlight that people’s mobility will be influenced by how slow onset of climate impacts will interact with population dynamics and the socio-economic contexts within countries. However, efforts to support green, inclusive, and resilient development, could reduce the scale of climate migration by 30% in the Lake Victoria region and as much as 60% in West Africa.
“Investments in resilience and adaptation can promote green industries, and when paired with investments in health, education, the digital economy, innovation, and sustainable infrastructure, they also have tremendous potential to create climate-smart jobs and boost economic growth,” asserts Hafez Ghanem, World Bank Vice President for Eastern and Southern Africa. “As part of this, a focus on women’s empowerment is critical to improve human capital and to reap the demographic dividend—significant aspects of building climate resilience in the years to come.”
The scale and trajectory of climate-induced migration across Africa will require countries to take bold, transformative actions:
Net-zero targets: the global community has the responsibility to cut greenhouse gas emissions to reduce the scale and reach of climate impacts.
Locality and context matter: countries will need to embed internal climate migration in far-sighted green, resilient, and inclusive development planning across Africa.
Data: investing in research and diagnostic tools is key to better understand the drivers of internal climate migration for well-targeted policies.
Focus on people: invest in human capital to engage people in productive and sustainable climate smart jobs.
The Groundswell Africa series is a sequel to the 2018 Groundswell report and complements the recently released Groundswell II report, providing in-depth analysis on potential scale and spread of internal climate migration in West African and the Lake Victoria Basin, with country level analysis from Nigeria, Senegal, Tanzania, and Uganda to better inform policy dialogue and action.
World Bank to support reconstruction plan for Cabo Delgado in Mozambique
The World Bank will provide US$100 million (€86 million) to support the Mozambican government in the reconstruction plan for Cabo Delgado, a province affected by incursions by armed groups since 2017, an official source announced Monday.
“With the recently reconquered areas, we have realised that there are many people who want to return to their areas of origin. But they cannot return without the basic conditions being in place. As a result, we have an additional 100 million dollars for support,” said Idah Pswarayi-Riddihough, World Bank Country Director for Mozambique.
She was speaking to the media, moments after a meeting between the Mozambican prime minister, Carlos Agostinho do Rosário, and heads of diplomatic missions to discuss the Cabo Delgado Reconstruction Plan.
According to her, the new World Bank support comes on top of a first donation (also totalling US$100 million), announced in April and which was earmarked for the Northern Integrated Development Agency (ADIN), which is promoting social and economic projects for youth inclusion across northern Mozambique.
In the new donation, which is expected to be disbursed in January, the World Bank wants the money to be invested in the reconquered areas in the north of the province, and psychosocial support, reconstruction of public buildings and restoration of basic services are among the priorities.
“The idea is to give the affected people a decent place to live after the traumas they have suffered,” she said.
The Reconstruction Plan for Cabo Delgado, approved in September by the Mozambican government, is budgeted at US$300 million (258 million euros), of which almost US$200 million (172 million euros) is earmarked for the implementation of short-term actions, which include restoring public administration, health units, schools, energy, water supply, amongst other aspects.
According to the deputy minister of Industry and Trade, Ludovina Bernardo, the priority of the executive is to ensure a gradual and safe return of the inhabitants to the reconquered areas, at the same time as basic conditions are created.
“We want to make interventions on the ground, but safeguarding security. Our forces are on the ground and as soon as they ensure that the return of families to their areas of origin is possible, the process will begin”, he said, pointing, as an example, to the return of families from Palma, which has already begun.
The United Nations resident representative in Mozambique, Myrta Kaulard, also gave assurances that the organisation would continue to support the Mozambican government in the process, highlighting the importance of the “classic interventions” of the entity in cases of humanitarian crises.
“I would like to remind you that on the humanitarian side, international partners have contributed, in the year 2021 alone, a total of 160 million dollars (137 million euros). It is important to continue with this humanitarian support, while promoting reconstruction,” she stressed and highlighted the importance of creating a working group among international partners to combine actions and broaden appeals in the face of the humanitarian crisis in Northern Mozambique.
Cabo Delgado province is rich in natural gas but has been terrorised since 2017 by armed rebels, with some attacks claimed by the extremist group Islamic State.
The conflict has led to more than 3,100 deaths, according to the ACLED conflict registration project, and more than 824,000 displaced people, according to updates from Mozambican authorities.
Since July, an offensive by government troops with support from Rwanda, later joined by the Southern African Development Community (SADC), allowed for an increase in security, recovering several areas where there was rebel presence, including the town of Mocímboa da Praia, which had been occupied since August 2020.
Millions of Moscow residents manage their everyday lives through their smartphones
The creators of My Moscow, a mobile application of the Russian capital’s urban services, have analysed how and why Muscovites use it. It turned out that, more often than not, the city’s residents prefer to pay bills and submit water and electricity meter readings via their smartphone.
The mobile app appeared in the Russian capital at the beginning of 2019, and its first functions allowed to solve the simplest housing and utility services: to enter meter readings and pay bills. Since its launch, the app has already been downloaded more than three million times. Now it can be used to make an appointment with a doctor or for a COVID-19 test, get a referral for an antibody test and coronavirus vaccination, get information on children’s school performance and even check the history of a car in Moscow before buying it. Muscovites appreciated the convenience of paying bills through the app service – in August 2021, the number of payments made online using a smartphone doubled. People pay utility bills, car fines, children’s extracurricular activities – payment takes only a couple of minutes, and the Russian payment system allows making these transfers without commission. In addition, the My Moscow app has recently introduced a charity service, through which every user can donate money to verified foundations. Muscovites do not ignore the opportunity to help: since the launch of the function in the app, users have transferred 245,000 rubles to charity.
The city services app is constantly being updated: not only does it change the design or add new functions, but also integrates new technologies. In the near future, a voice assistant will be added to the My Moscow service. It is currently available to 40% of users in test mode, but by the end of the year, it will work in smartphones of all app owners. Voice assistant knows how to show homework and children’s school schedule, dates of scheduled hot water outages, helps cancel a doctor’s appointment, and answers popular questions, such as how to transfer a child to another school or get an international passport. The assistant is being actively trained, and by the end of the year it will help Muscovites to view electronic medical records, look at children’s school grades, pay fines, receive data on utility and educational bills.
In October 2020, My Moscow mobile app won the silver prize in the Smart Sustainable City Awards of the World Organisation for Smart Sustainable Cities (WeGO) in the Government Efficiency category. In Russia, people actively use digital services to resolve everyday issues, and the experience of using the My Moscow app showed that 60% of city residents prefer to use these features specifically from a smartphone. Every month, app users access the digital city services more than 500,000 times, which is efficient and saves time in managing everyday life in the rhythm of the megacity.
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