The World Economic and Financial Forum’s (WEF) Global Economic Forum on Tuesday announced the development of a new roadmap for countries to tackle climate change and the need for a resilient and inclusive economy.
The initiative was spearheaded by countries from the United States, the European Union, and China, and will focus on five pillars: developing a resilient economy; providing a secure and inclusive environment; addressing economic inequality; ensuring that social and environmental justice is protected; and promoting inclusive and equitable governance.
“Climate change is an economic, social and political threat that is reshaping global economies and governments,” WEF President Jim Yong Kim said in a statement on Tuesday.
“We must take steps now to reduce carbon emissions and prepare for a warmer world.
Developing a resilient global economy is a cornerstone of that plan.”
While we don’t know exactly what countries are working on to combat climate change, there are several key issues that we can start to work on today:How can the global economy adapt to climate change?
How can governments ensure the equitable distribution of wealth, resources, and jobs in a changing world?
How will development help the world’s poorest people adapt to a changing climate?
How do we create jobs in the developing world that create more jobs in developed countries?
How does the development process for sustainable economic growth and prosperity in developing countries impact climate change mitigation and adaptation strategies?
In addition to addressing the global economic threat posed by climate change in the coming decades, the new roadmap focuses on how the global community can develop the resilience and inclusive infrastructure needed to address climate change.
This will be critical to tackling the challenge, especially in the long-term, the WEF said.
The roadmap will include the creation of an Infrastructure for the New Millennium and the International Agenda for Sustainable Development, which will be released in 2020.
The WEF hopes to expand this infrastructure to include a framework for developing a robust and inclusive global economy, an inclusive environment, and a robust system of governance that is inclusive and fair for all.