What’s it like to live vlogg from a big conference like the World Economic Forum’s annual meeting? Robert Scoble tells us all about it.
The most interesting idea to emerge from a session this morning was the suggestion that market forces – specifically a market price for water – should be used to help prioritise use and drive conservation.
Nestle Chief Executive Peter Brabeck said such a move would cause a major rethink of production processes. In particular, production of biofuels — turning crops into energy — would not be viable if producers had to pay the true price of the water they use.
Tramping through the Davos snow for a 7:45 am breakfast meeting may be cold – but it it definitely ain’t cool. Irish rock star and anti-poverty campaigner Bono explained his dilemma to the assembled suits at the World Economic forum on Thursday: “If anyone sees my band, please don’t tell them I was up this early. It’s not very Rock ‘n Roll.”
The World Economic Forum has a record number of sessions and workshops about global warming this year – but you wouldn’t guess it from the the buzz in the corridors, where the economy and roiling markets dominate conversations. That’s a worry, according to climate experts.
Rajendra Pachauri, head of the UN’s Intergovernmental Panel on Climate Change (IPCC), fears the issue may be pushed to the sidelines, with potentially disastrous long-term results. If business and political leaders don’t take it seriously now, they won’t make the necessary investments in green technology or tackle CO2 emissions, he argues.
“A lot has been achieved so far, not only in terms of the public becoming aware of the reality of climate change but also leaders round the world taking fairly forward-looking positions,” Pachauri said. “If we get distracted by the aberrations that you see in the financial market right now it would clearly be very unfortunate.”
The former Goldman Sachs CEO talks about the coming recession and what states and the federal government can do about it .
Tony Williams, spokesman for the European Bank for Reconstruction and Development, tells Reuters’ David Schlesinger that despite market turmoil, people should pay attention to the group’s forecast for robust growth in the region.