Global leaders at Davos call for ‘all-hands-on-deck' approach to address climate crisis

Business, philanthropy and policy leaders discussed how best to ensure the private sector takes an active role in the climate action agenda. (Supplied)
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Updated 19 January 2024
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Global leaders at Davos call for ‘all-hands-on-deck' approach to address climate crisis

  • 'Addressing climate change requires an all-hands-on-deck approach, and the private sector has a unique role to play,' said Badr Jafar, chair of the COP28 Business and Philanthropy Climate Forum

DAVOS: Tackling climate change requires a collaborative approach in which the private sector plays a distinctive role in accelerating, replicating and scaling efforts to showcase tangible progress during COP29 and COP30, said global leaders on Friday.

During a high-level session at the World Economic Forum meeting in Davos, global leaders from across business, philanthropy and policy discussed how best to ensure the private sector takes an active role in the climate action agenda.

The session, titled “COP28-COP30 — A Drumbeat for Business and Philanthropy,” also focused on ways to take forward the successful Business and Philanthropy Climate Forum held at COP28 in Dubai.

“Addressing climate change requires an all-hands-on-deck approach, and the private sector has a unique role to play in moving the climate agenda from pledges to action and implementation,” said Badr Jafar, chair of the COP28 Business and Philanthropy Climate Forum.

The “overwhelming response” from business and philanthropy at COP28 is an indication of the private sector’s commitment to “step up with money and solutions,” he added.

“And it is upon us to fully harness this momentum to ensure we move forward in an integrated way, embracing a multistakeholder approach to climate action.”

The roundtable discussion, co-hosted by Jafar and Brian Moynihan, chair of the Sustainable Markets Initiative, delved into the existing implementation gaps in the climate action agenda.

Key stakeholders stressed the private sector’s role in bridging this gap and scaling investment and delivery on equitable industry transitions.

Moynihan, who also heads the Bank of America, said: “The private sector, working with government and philanthropy, is bringing the capital, the ingenuity, and the talent to help drive the progress we are seeing in the transition to a sustainable future.

“We saw that come to life at COP28 and look forward to the work ahead.”

The session, which attracted over 50 attendees, discussed strengthening engagement with business, philanthropy, subnational authorities and civil society, with a view to establishing a more structured and integrated engagement between various actors required to deliver the aims of the historic UAE Consensus delivered at COP28.


‘Future cities will be built for visitors, not just residents,’ Saudi tourism minister tells Arab News

Updated 10 November 2025
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‘Future cities will be built for visitors, not just residents,’ Saudi tourism minister tells Arab News

RIYADH: Saudi Arabia is positioning itself at the forefront of the global travel evolution by designing destinations that will target the tourists of the future, the Kingdom’s tourism minister has said.

Ahmed Al-Khateeb added that sustainability would serve as the guiding principle behind Saudi Arabia’s role in tomorrow’s global travel landscape.

Travelers’ habits and the tourism industry’s revenue sources have shifted dramatically in recent years, he told Arab News in an interview.

“People used to travel in groups. Today, they are traveling in smaller groups. Hotels used to make most of their revenues from rooms — now, they are making more from lounges and restaurants.”

And younger generations, empowered by technology, are also redefining how travel is planned and experienced, Al-Khateeb added. “They are driving their own itineraries on the go, which puts pressure on traditional travel companies that once organized large group trips. We are witnessing big shifts in the global travel market.”

Among the world’s fastest-growing tourism markets, China and India are reshaping international travel flows. “China has become the most important source market for outbound travelers, while India is expected to double its number of travelers in the coming years,” the minister said. “This opens a major opportunity for the Middle East — and Saudi Arabia in particular — to emerge as a top destination for international tourists.”

Since 2019, Saudi Arabia has recorded the fastest tourism growth among all G20 nations, said Al-Khateeb. “We have a very strong domestic market and a very strong religious market. Now, we have opened our doors for leisure, business and holiday travelers — whether they seek the Red Sea coast, the southern mountains, our major cities or our beautiful islands.”

Yet the Kingdom’s long-term vision for tourism extends far beyond the present, with destinations being built to serve both visitors and residents sustainably, he added.

“In the 1950s and 1960s, cities were built for residents,” Al-Khateeb said. “Today, in places like Greece, visitors outnumber residents three to one. The cities of the future must be designed for visitors as well — and that’s what we are doing in Saudi Arabia.”

Sustainability has become a non-negotiable element of all tourism development in the Kingdom, he added. “In the last two decades, sustainability has become extremely important. As we build new destinations like the Red Sea, we are fully aligned with sustainability regulations. Whatever we build today is environmentally friendly, ensuring not only environmental, but also social and economic sustainability.”

This principle lies at the heart of Vision 2030’s tourism transformation: “Sustainability is at our forefront whenever we build or operate any new destination,” he added.