Future Investment Initiative in Riyadh to Bring Power of Investment to Combat #ClimateChange
Data is an important factor in the way of dealing with global crises like climate change
- From Global Economic Recovery to Combating #ClimateChange, Future Investment Initiative in Riyadh Unpacks the Challenges of Tomorrow
- Data is an important factor in the way of dealing with global crises like climate change
- Future Investment Initiative Starts in #Riayad with Conversations on #Investment on Humanity
- Future Investment Initiative Add Power of Investment to Combat #ClimateChange
- 6,000 of the world’s business leaders, policymakers, investors, entrepreneurs and tech experts gather in Riyadh
RIYADH: Data is an important factor in the way of dealing with global crises like climate change, said Yasir al-Rumayyan, chairman of the (Future Investment Initiative) FII Institute while delivering his opening remarks at the sixth edition of the FII that opened in Riyadh on Tuesday.
Heads of state, business leaders, and university experts have flocked to the capital Riyadh for this global forum which will look at energy and its role in a sustainable world, facilitating a smooth transition from harmful fossil fuels to eco-friendly alternatives, and other innovation solution for economy and environment.
Moreover, the global conference also focuses on climate change crisis as the UN has set the Race to Zero initiative to halve carbon emissions by the end of this decade.
While elaborating the measures to tackle the Climate Change crisis, al-Rumayyan said Aramco, for example, has managed to develop a new system that will be launched next year to contribute to accommodating gas emissions in a clear way.
Also, Al-Rumayyan stressed the importance for the world to be open for innovation and the significance for investors to unite to reach long-term ambitions, adding that Saudi Arabia has managed to develop partnerships with global companies in full harmony to realize sustainability across the world.
He also said that PIF is considered the first sovereign fund to issue a bond under the name of green bonds, noting that the voluntary carbon market is among top markets that have to see united efforts between investors and entrepreneurs to create educational opportunities for the youth in the knowledge economy.
Future Investment Initiative: the theme “Investing in Humanity: Enabling a New Global Order,”
The 6th edition of the three-day Future Investment Initiative (FII) being held at the King Abdul Aziz International Conference Center in Riyadh under the theme “Investing in Humanity: Enabling a New Global Order,” grabs the participation of 6,000 participants from various countries and 500 speakers from several sectors from inside and outside Saudi Arabia.
CEO of the FII Institute Richard Attias Calls for Collective Efforts for Supporting HumanityAt the outset of the event, CEO of the FII Institute Richard Attias welcomed the princes, ministers, and participants in the new edition of the initiative, referring to the importance of sessions and discussions that the 2022 edition will witness through 180 sessions, 30 workshops and four micro-summits over three days.
At FII2022, important issues will be discussed, including balancing success with sustainability and the geo-economic rise and equality in an unequal world, in addition to discussing what world leaders face in their attempts to restore the world to the pre-COVID-19 era and what the world faces of difficult and unexpected challenges.
He also highlighted the significance of collective efforts to realize the highest impact on fields of supporting humanity, mainly in light of what the world is facing of several difficult problems and a new global order.
Attias also took the podium in the opening session after a visual presentation on investing in humanity about a survey conducted by IPSOS on 130,000 adults from 13 countries, representing some 50% of the world population, in an attempt by FII Institute to provide visions on top priorities in the world in light of unprecedented social, environmental and identity challenges.
He said: “The initiative has prepared a report on facing global challenges to find solutions, with the participation of thousands of people, where 77% of interviewed people said that they were optimistic with a better future, and that financial safety is among top challenges facing 50% of people around the world, in addition to costs on the income, global warming and climate change, according to the recent survey.
Discussions will also focus on challenges posed by the new global order, as well as the opportunities that arise from it, such as the establishment of an economic system that improves the quality of life of citizens around the world.
According to organizers of FII2022, on the event’s final day, leaders will move the conversation to the importance of investing in sustainability, starting with the power of investment in economies.
Furthermore, venture capitalists and investors can play a massive role in shaping a new global order for a sustainable future. The FII will discuss critical factors for each type of economic investment.
Founded in 2019, The Future Investment Initiative Institute is a nonprofit organization run by the Saudi Public Investment Fund built on environmental, social and governance principles.
By M.A
#ClimateChange, #FutureInvestmentInitiative, #GreenEconomy, #Economy, #Riyad
