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Takeaways from World Economic Forum meet 2022

Published on June 01, 2022
Current Context: Recently WEF annual meeting took place physically in the Swiss town of Davos from May 22 to May 26 after two years.Theme 'History at a Turning Point: Government Policies and Business StrategiesDee.
Takeaways from World Economic Forum meet 2022
  • Highlights:
    • A New platform “Alliance of CEO Climate Action Leaders India” has been created that will work towards fast-tracking decarbonization pathways during India’s net-zero journey.
    • Due to an increase in crude oil prices India's aim of a 20 percent ethanol blend has been pushed ahead from 2030 to 2025. To provide a platform for alternative sources.
    • WEF is building a Global Collaboration Village” as the virtual future of public-private cooperation, in collaboration with Accenture and Microsoft.
    • Besides India is determined to be a politically stable, economically dynamic, and growth-driven investment destination.
  • State-wise Agreements
    • Maharastra joined the WEF’s Global Plastic Action Partnership (GPAP) to advance regional efforts to fight plastic pollution.
    • Andhra Pradesh has signed renewables investments with India’s Adani Green Energy, GIC-backed Greenko, and India’s Aurobindo Realty & Infrastructure.
    • Karnataka has also signed agreements with two major companies for a total investment flow of 52,000 crore rupees.

Question:

Q.1 Ministry of Petroleum & Crude oil has shifted the target of blending ethanol from 2030 to which of the following year?
a. 2026
b. 2025
c. 2024
d. 2035
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