World Economic Forum 2023 at Davos: Key takeaways from the event

World Economic Forum 2023 at Davos: Key takeaways from the event

'Climate First.'

Climate change was a major topic discussed at this year's World Economic Forum. All nations and representatives agreed that the use of green energy and optimal investment in this direction is the current need. The theme of this year's forum was "Cooperation in a Fragmented World".

Business leaders also agreed that it is time for wealthy countries and companies to invest more money in combating climate change. There must be a meeting point between digital transformation and sustainability, and new practical solutions that help this transition.

At this edition of Balance, we highly recommend the talk by J. Rockström on January 19th, 2023 at the World Economic Forum in Davos last week.

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"This is no longer a climate crisis, it is a planetary crisis."

A "great restart" for cryptocurrencies

The collapse of digital asset prices over the past year has caused this year's crypto agenda in Davos to focus on issues such as trust and responsibility, and education as key topics to drive blockchain support.

This is a true step forward compared to the past, when cryptocurrencies were primarily discussed for financial or speculative purposes. The bursting of the speculative bubble has brought less attention to speculative aspects and more attention to technical ones.

Regulators and policymakers have also participated in several Forum panels dedicated to cryptocurrencies, including several representatives of the United Nations who spoke about the use of blockchain by public institutions.

This is in effect a "cleaning" of a market contaminated by excessive enthusiasm generated by speculative bubbles, as a result of which a proliferation of weakly based projects with often short-term gain objectives was generated. In the long run, there is no place for this type of initiative, and instead, those with solid foundations and long-term goals will survive.

In summary, the success of Climatecoin's presence at the 2023 World Economic Forum in Davos was due to a combination of factors including our strong message about the importance of investment in clean and renewable technologies, innovative projects related to climate change and the use of cryptocurrencies, and our reputation as experts in the field of sustainability and environmental issues.