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The European nation United Kingdom will be the host for the 47th G7 Summit in Carbis Bay, St. Ives, Cornwall. It will be attended by 7 participating countries from the G7, i.e. Canada, France, Germany, Italy, U.K, USA, Japan. In addition to this, finally two representatives from EU Nations. The dates of the Summit will be from 11^th June to 13^th June 2021’. Furthermore, the Summit takes place annually in one of the G7 nations.

Camp David, United States was the venue for the 46th Summit, that was cancelled. The cancellation of 46th Summit took place due to the pandemic COVID-19. The Summit that will take place in United Kingdom should go forward as planned. This is until there is a cancellation that can take place due to the effects of pandemic in U.K. A country that is currently under demonstrations against the lock down, due to the pandemic COVID-19.

There will be discussions in the 47th Summit who aims to discuss and combat ways to fight the current pandemic. Hence, as well as similar diseases that can influence the world. Having a global impact on world nations and world affairs. Ironically, the G7 summit includes all 7 countries from Top global economies. According to the agendas of the Summit, there will be talks with regards to Climate Change and other environmental hazards. Global issues that have influenced the world and the world affairs. The 44^th G7 Summit took place in Canada in Quebec from 8^th – 9^th June 2018. Furthermore, it was a major influence on the state of the world affairs. While, the 45^th G7 Summit held in Biarritz, France in 2019 was the last summit that actually took place. Ironically, due to the cancellation of the 46th Summit taking place in US.

THE PARTICIPATING NATIONS & ITS REPS:

The 47^th G7 Summit taking place in United Kingdom is one of the most important Summits. This is since the last decade, due to the current pandemic & World affairs taking new heights. It will be taking place from 11^th June to 13^th June & will be attended by all G7 countries. Canada, one of the key G7 nations, will be represented by Canadian Prime Minister Justin Trudeau. The re-elected Prime Minister of Canada Justin Trudeau is son of former PM Pierre Trudeau. This is for the second consecutive time since he became the 23rd PM in 2015.

France, the host nations of last Summit that took place before the cancelled one. President Emmanuel Macron will be representing the French in G7. This is followed by German Chancellor Angela Merkel who represents Germany & Italy represented by Mario Draghi. The current Prime Minister Boris Johnson shall be representing the host nation U.K. PM Yoshihide will be the proud rep. of Japan. President Joe Biden will be the representative of USA in G7. The EU representatives are Charles Michel, The Council President and Ursula Von Der Leyen, the Commission President.

All the representatives of the Summit are global leaders and hold the most key position from their honourable nations. Ironically, being either the President or Premier of their respectable countries. G7 Summit held every year hold key agendas that are for the rest of the countries. As well as G7 countries finding out strategies to combat vital issues. These are global issues that needs to be addressed through mutual talks & discussions on board. All the core G7 members have suffered from the effects of the current pandemic that has caused many deaths globally. The countries from the G7 that have suffered the most are USA, Italy and the host country U.K.

Forests account for a huge part of our environment i.e. approximately 30%. Hence, there holds an intense need for collective action towards forest sustainability. It is valuable in terms of ecology and geographical aspects. Additionally, wildlife sustainability, and especially for sustaining the endangered species e.g. the giant Panda. As part of the ecological aspects, the trends can be reversed with huge collective action. There needs to be immense awareness action towards the sustainability of forest reserves and deforestation. The efforts of the World Economic Forum for forest sustainability has been phenomenal. This is mainly in taking action against deforestation that has been on an international level. The organization has played its agenda in the form of awareness measurements. There have been campaigns and meetings as it has been the role of WEF since 1971.

Forests account for supporting the livelihood of many people worldwide. According to the stats from ‘WEF’ the count is close to approximately 1.6 billion people.

THE ROLE LATEST TECHNOLOGY IS PLAYING FOR DEFORESTATION

 The role technology is playing is in regards to the safety measurements from Wildlife attacks. As well as monitoring the forests according to the international monitoring laws, deforestation and creating an environment of ‘Change’. This environment of change is regarding safety especially for those working in the forests e.g. forest officers. For the sole purpose of monitoring and control initiatives in forest areas. Used for the sole purpose of the smartwatch are the higher resolution images of forest activity. Therefore, covering a wide area of activity and penetrating cloud cover. The data is in the form of pictures and other stats. The online monitoring service i.e. Forest Global Watch collects stats and images that are necessary.  This is mainly for the sole purpose of collecting data and research-based activities in the forest regions. The role of technology holds huge significance with regards to;

1. Monitoring Wildlife movements;
2. Safety & Security management of all stakeholders;
3. For the sake of forest management & workers e.g. Forest Officers &
4. Addressing the supply chain activities from forests to the cities.

The use of modern technology is substantially for the purpose of forest management activities. ‘Deforestation’ is yet another issue where the application of technology is on a high.  Another highly enhanced technology and modern as well as ‘The radar monitoring system’. It holds huge success levels for forest sustainability aspects and creating an environment of work change in the forests. The motive is the safety of humans from the Wildlife activity and making business operations easy and secure with collective action.

WE NEED FORESTS

The use of technology has been highly significant in combatting issues of deforestation as well i.e. another climatic hazard. ‘We NEED Forests’, is the new slogan of the ‘WEF’ demanding significant changes in environmental sustainability. Also, the forests are much needed as redemption in climatic hazards & its preventions. Technology has helped companies especially the Palm oil and consumer goods firms in the projects. The companies are Bunge, Cargill, Golden Agri-Resources, Mondelez, Musim Mas Group, Nestle, PepsiCo, Sime Darby Plantation, and Unilever and Wilmar. All companies are the consumers of Palm oil i.e. a national reserve in the forestry ecology system.

THE CHALLENGES FACED TO COMBAT DEFORESTATION

The last decade has been challenging, however, companies have tried best to limit the use of deforestation in recent years. However, there are still companies because of whom deforestation numbers still exist. There have been significant measures by leading brands e.g. Nestle, Mars, Unilever, and Wilmar. There have been substantial efforts that have seen the removal of deforestation from these companies Supply chain. The efforts are huge especially as efforts part of environmental sustainability and monitoring the activities of deforestation.

The importance of government action with regard to these activities is paramount. Therefore, the importance is profound especially in areas where forests are good in numbers and densely populated. Hence, the involvement of govt. should be a mandatory element for safety and quality. Most researchers believe that efforts need to be more organized and systematic. With the involvement of forest agencies and international laws, all efforts must be aligned.

EXPANSION STRATEGIES TO SAVE FORESTS

Why it is necessary to increase and expand forests and save the natural reserves? Forests have been constantly since ages removing carbon dioxide from the atmosphere. It is also storing carbon for nearly more than 300 million years from today. Burning and cutting of the forest’s trees are a huge cause of the release of carbon emissions in the atmosphere. There are scientific reasons for some disturbances in forest soil, and that has been the real cause. It is since the industrial revolution that most carbon emissions in the atmosphere are due to deforestation. Hence, by increasing the number of forests in the world, the expansion strategy will work automatically. The need is climate change and the key to our climate strategy.

An expansion strategy aims to save the forests through collective action, campaigns, NGOs and international forest organizations activities. The role of media and channels in here means a huge acknowledgment to forestry. Activities of national geographic and Discovery means huge media coverage to forests, wildlife and monitoring forest activity and behaviors.

BENEFITS OF STANDING FORESTS TO THE ECOSYSTEM

There is an immense value of standing forests as they play a significant role. In the prevention of floodings like climatic hazards, the benefits are wide and huge. They also help in the provision of natural filtration for drinking water. Finally, support wildlife and balancing the temperatures in winters and summers as well. Also, they are a source of exciting group activities like picnic and fun. A source of cultural values and a huge source of scientific knowledge for experts, scientists, and botanists.

In the form of a simple ecological basis should be the basis of a value forest. Along with other activities of economic growth, sustainability efforts are a necessity. Giving huge importance to ecology and the multiple ecosystems linked to a single forest. Efforts and collective action for the preservation of the natural habitat take the involvement of a huge science. Preservation is a necessity, at the same time. It is also valuable in increasing the efforts towards forest expansion & takes a huge amount of forestry planning.

COMBINED EFFORTS WITH THE ‘WORLD ECONOMIC FORUM’

The activities of the ‘WEF’ have been devastating on a global level to create awareness amongst companies for ‘Deforestation’. For the purpose of more trees plantation and forestry, the level of awareness has been created. A combined effort with regards to climate change and CO2 emissions. Impressively admired worldwide, the WEF activities have increased at a rapid pace lately. In connection with the agencies fighting against deforestation and climate change, the WEF has played its role globally.

The agenda is not just about companies making money. Its also about the consumption of raw material from the forest with a true vision for change. The ‘WEF’ has also linked up its activities with the media at the national and international levels. The aim of the organization has been due to the immense rise of a global need. This need has been for a decade to combat increasing issues of deforestation internationally.

Read the related blog: WORLD ECONOMIC FORUM & STEPS TOWARDS CLIMATE CHANGE

Climate change has been a global issue that needs to be addressed on similar forums like the World Economic Forum. The aim is to highlight the issue of sustainability, especially with the MNCs. The Role of the World Economic Forum since its formation in 1971 has been phenomenal. There is remarkable progress in combatting global issues of similar nature on such a platform.

THE ROLE OF ‘WORLD ECONOMIC FORUM’

‘WEF’ or the World Economic Forum is a Non-Governmental Organization that addresses issues that needs global awakening. The mission of WEF is to improve the state of world affairs through seminars, discussions, meetings and international forums. These are issues that are political, academic, business, climatic hazards, leadership, and finally regional and industry agendas. The motive is to give the vision for change and bringing improvements in global sustainability. Hence, all these agendas are rated high in importance and priorities.

WORLD ECONOMIC FORUM & THEIR SUSTAINABLE DEVELOPMENTS

Issues related to sustainability and change management needs huge prominence due to climate change. Awakening in the field of climate change is the main aim of the World Economic Forum.

The organization also plays an active part in the meetings and discussions of agendas of world leaders and Environmentalists. It also includes Actors, Social Icons, Business Tycoons, Entrepreneurs, and Media personalities. Hence, the issues addressed by leaders are mostly related to politics and security affairs. On top of this also includes the effects on World Trade of conflicts between nations.

Formed in 1971 just for the reason of War Prevention, and creating a climate of peace. Also used for talk and discussions of change between world nations. Knowledgeable, highly prestigious and most acknowledged ones have the ability and opportunity to deliver their thoughts on World Economic Forum. They have huge recognition of global platforms through their particular countries.

Climate change is a global agenda that currently holds the most significance. In addition to this, they hold huge priorities and been discussed multiple times on a global scale. Ironically, while having worldwide impacts and higher priority levels. It is a critical issue due to its high relativity with ‘carbon footprints’ and its effects on the environment.

Environmentalists believe that climate change has introduced many changes in the world’s climate. Its effects have a global impact and analyzing how things have changed geographically in the last 2-3 decades.

THE GREENHOUSE EFFECTS

As we all know that (CO2) i.e. Carbon dioxide is an essential gas for life on the planet earth in more than one way. It is a necessary Gas for plants and the primary producers and is a necessary part of the environmental developments.

FIVE STEPS NEEDED TO TACKLE CLIMATE CHANGE

COMPANIES & THEIR RELATIONSHIP TO CARBON

Companies are highly active as part of their sustainable development programs. Their efforts are increasing annually towards climate change along with the role of the ‘WEF’. Hence, they have the responsibility of reducing their carbon intensity fast. The carbon intensity means the amount of CO2 that they emit per unit of production. It is necessary for the reduction that companies put a price on emissions per unit. Also, as part of their CSR activities, they must actively monitor and maintain the climate-related risks. Also, increase combined efforts to achieve a 1.5 to 2degree Centigrade of World climate.

Perceived with a cost or a trade-off, Climate Action is taken in most cases with a different perspective. New and diverse business models are adopted by companies and MNCs. These are the companies that are given the opportune moment to work for climate change agendas. These business models should contribute to achieving a low carbon economy. In addition to this the capitalization of the new value pools for ‘green’ products and services. By green products, we mean those promoting climate change and environmentally friendly products i.e. good for the environment.

SHARING THE TECHNOLOGY BURDEN – A SUSTAINABILITY ASPECT

As part of the sustainable development measures and the Economic Forum activities, companies can be more knowledgeable and enthusiastic. Their motivations can be more profound towards their part of sharing the technology burden. Having mutual collaborations to develop emission reduction systems is the hour of the need.

It is one of the most effective ways of sharing the technology burden that companies can do regularly. Other sustainable developments for climate change and reduction in emissions is limiting the use of energy. This is achieved through smart energy systems and energy-efficient building systems. Technologically, things have moved smoothly towards the sustainability aspects.

THE ROLE OF INVESTORS & ENTREPRENEURS

The role of investors and entrepreneurs is to work for the environment by investing smartly. Investors need more investments for the environment in their projects and promo campaigns. As part of their Corporate Social Responsibility investors must keep an eye on their contributions towards climate change. Climate Action 100Plus is a list of the consortium of investors that have combined together. These investors have managed a total of $35 trillion for reductions in carbon emissions in their particular and portfolio companies.

An investor initiative achieved initially in 2017. The motive is to ensure the world’s largest corporate greenhouse gas emitters take immediate action for climate change. The consortium includes more than 370 investors with over $35 trillion of investments to curb emissions. They further need improving governance and strengthen climate-related financial disclosures.

REGULATORY PROCEDURES ALONG WITH ‘WEF’ POLICIES

The governments need to step in to drive climate change as a ‘change agent’. The govt. activities should be in light on the agenda of the World Economic Forum. As it is a necessary part of the regulatory procedures. Having compliance with 1.5 – 2 Degree centigrade temperatures is a necessary thing. This is because there is an intense need for the reduction of carbon emissions in the next decade. Hence, voluntary action is quiet not enough together with unregulated markets to deliver that shift in procedures. Governments of most developed nations should keep an eye on the policies and procedures of ‘WEF’ as mandatory practices.

WHAT CAN THE INDIVIDUALS DO ON THEIR PART?

As an individual, there are many things that can be done for the sake of climate change and sustainability measures. Individual action is necessary to create an awareness of climate change hazards and its global impacts. As an individual and a good citizen of their specific countries, people can play an active role. These people can work within the system to drive change in businesses, government institutions, NGOs, and schools.

They can act as ‘change agents’ by raising their voices for climate change and acting for their sustainable developments. There can be demonstrations and talks at national and international level. People can also act as a catalyst for climate action and climate change. This largely means change drivers and change actors i.e. a huge step in change management. Climate change needs radical change management and improving sustainability aspects in the business.

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