Key Takeaways

Key Takeaways From The Annual Meeting Of The New Champions

Over 1,500 leaders from 90 countries convened in Tianjin, China June 27–29 for the World Economic Forum’s New Global Champions conference. The theme of this year’s event was Entrepreneurship: The Driving Force of the Global Economy.”

Global GDP growth is expected to reach just 2.8% this year, said speakers in the session: Braving The Headwinds: Rewiring Growth Amid Fragility. Speakers talked about how green energy, innovative technologies and broad inclusiness could help secure an economic rebound but the global energy transition has plateaued amid the global energy crisis and geopolitical volatility and the energy equity gap is widening, according to a Forum report called Fostering Effective Energy Transition 2023 released during the meeting in Tianjin.

Klaus Schwab, Founder and Executive Chairman, World Economic Forum and keynote speaker Li Qiang, Premier of China, talked about the need to join forces. The world needs bold and visionary people who can harness the power of innovation and collaborate across sectors, regions, nations and cultures to create a more peaceful, inclusive and resilient future,” Schwab said in an address to attendees.

Speeding up the transition and delivering on the targets outlined in the Paris Agreement offers unprecedented opportunities. “We’ll have to invest more, we’ll have to mine more materials, we’ll have to produce more (public-private-partnership) projects, more power generation, more renewable energy,” said Benedikt Sobotka, Chief Executive Officer, Eurasian Resources Group. “This is the biggest economic opportunity — and opportunity for innovation — that this generation of humankind has ever seen.”

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.