Regulations

Russia’s invasion of Ukraine has created an urgent need for Europe to rethink its energy policy
The World Economic Forum has convened business and policy-makers to push the clean energy transition in the face of oil and gas shortages brought on by the war
The private sector has a critical role to play but needs to be incentivized with the right policy and regulatory framework
Manifesto on Implementing the European Green Deal in the New Global Context published today at World Economic Forum Annual Meeting
Collaboration between the public and private sector to unleash the potential of homegrown European renewables will enable Europe to achieve genuine strategic autonomy

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Every dollar of investment in social jobs would generate a multiplier effect of 2.3 times the initial investment. Read the report here
A $1.3 trillion investment in social jobs in the US could generate a triple dividend of over $3 trillion in GDP, 11 million new jobs and a boost in social mobility
CEOs and ministers join forces in Jobs Consortium to champion a job-rich recovery

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Reskilling Revolution initiative on track to support 100 million people and heading towards its target of 1 billion
Investing in the skills of the future could unlock $8.3 trillion in increased productivity
New report launched on catalysing Education 4.0 in the economic recovery; read it here
Education Accelerator launched in Bangladesh
Investing broadly in the skills of the future for both today’s and tomorrow’s next-generation workforce could add an additional $8.3 trillion in increased productivity to the global economy by 2030.

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Groundbreaking initiative will offer patented medicines and vaccines at lower cost to poorer nations
Rwanda, Ghana, Malawi, Senegal and Uganda are the first five countries to commit to join
Health officials in these countries will help identify and resolve hurdles beyond supply to inform the roll out in all 45 countries
Long-term goal is to close the health equity gap and help create a healthier world for 1.2 billion people

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The World Economic Forum and the Digital Cooperation Organization are launching a new Digital FDI initiative
Nigeria to pilot the public-private projects to be rolled out by the initiative, bringing together government and business to create ‘digital friendly’ investment climates across various countries
The initiative will be a continuation of the work the World Economic Forum started in 2020, when a white paper on policies, regulations and measures to attract FDI in the digital economy was published
A pioneering effort to facilitate cross-border investment in the digital economy was launched this week at the World Economic Forum Annual Meeting 2022.

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New initiative on Defining and Building the Metaverse provides guidance on how to create an ethical and inclusive metaverse, engaging organizations across the private and public sectors, including business, civil society, academia and regulators
World Economic Forum initiative will focus on two key areas, metaverse governance and economic and societal value creation, and will explore themes across regulatory frameworks, technology choices and economic opportunities
The World Economic Forum announced today a new initiative, Defining and Building the Metaverse. The initiative brings together key stakeholders to build an economically viable, interoperable, safe and inclusive metaverse. Research suggests that the metaverse is expected to grow into an $800 billion market by 2024.

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For the first time, 18 global organizations from the oil and gas ecosystem are championing a unified approach to mitigating growing cyber risks and pledging to promote cyber resilience
The global cost of cybercrime is expected to reach $10.5 trillion a year by 2025; the threat of infrastructure breakdown due to a cyberattack is the top personal concern for cyber leaders
The World Economic Forum invites organizations across sectors to endorse the Cyber Resilience Pledge and enhance cybersecurity throughout their systems. Learn more here

For the first time, leading oil and gas stakeholders are calling for industry to come together to stop harmful cyberattacks.

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The Open Forum Davos 2022 is hosting a series of panel discussions on 23-26 May, all open to the public upon registration.
Panellists include human rights activist and Nobel Peace Laureate Nadia Murad, Kyiv Mayor Vitaliy Klitschko, climate activist Vanessa Nakate, Moderna CEO Stephane Bancel and many others.
Discussion topics range from the climate crisis and youth mental health, to the war in Ukraine and the Metaverse.
Those who missed the deadline to attend in person can watch Open Forum session via webcast at www.weforum.org/open-forum.

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Deep Dive: Solid Waste Audit Webinar

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TradeTech, the set of technologies that enables global trade and its digitalization, is critical for trade and supply chain resilience and economic recovery
World Economic Forum and World Trade Organization (WTO) publish joint report – The promise of TradeTech: Policy approaches to harness trade digitalization – to reveal five policy frontiers and how global coordination could unlock more efficient trade
International policy coordination and public-private partnerships are key to ensuring fragmented regulations do not become a technical barrier for technology adoption in global trade

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