DAVOS SUMMIT

• Recently, the Prime Minister addressed the World Economic Forum’s (WEF) Davos Agenda via video conferencing.
• The WEF annual meeting in Davos (Switzerland) engages the world’s top leaders to shape global, regional and industry agendas.

Important points:

• During the course of Covid-19, India saved many lives by exporting essential medicines and vaccines by following its vision of “One Earth, One Health”.
• India has delivered 1154.173 lakh doses of Covid-19 vaccines to 97 countries till 31st December 2021.
• India is the world’s third-largest pharmaceutical producer and is considered ‘pharmacy to the world’.
• Pro-Planet People (P3) Approach:
• Proposed the idea of the “P3 (Pro-Planet-People) movement” that underscores India’s commitments to climate change at the global forum (UNFCCC COP 26).
• Reiterated India’s “clean, green, sustainable, and reliable” energy goals which dwell on achieving a net-zero carbon emission target by 2070.
• Making LIFE (Lifestyle for Environment – given by the Indian PM at UNFCCC COP 26 Conference) into a mass movement can be a strong foundation for P3.
• LIFE is a vision of a resilient and sustainable lifestyle that will come handy in dealing with the climate crisis and other unpredictable challenges of the future.
• Throwaway culture and consumerism has enhanced the climate challenge.

Challenges:

• When these institutions were formed, the situation was different. Today, the circumstances are different.
• Therefore, it is the responsibility of every democratic country to emphasize reforms in these institutions so that they can be enabled to meet the challenges of the present and future.

World Economic Forum

• The World Economic Forum (WEF) is a Swiss nonprofit foundation established in 1971, based in Geneva, Switzerland.
• Recognized by the Swiss authorities as the international institution for public-private cooperation.
• Committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

SOURCE: THE HINDU,THE ECONOMIC TIMES,MINT