2017 G20 Hamburg Summit
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2017 G20 Hamburg Summit
The 2017 G20 Hamburg summit was the twelfth meeting of the Group of Twenty (G20), which was held on 7–8 July 2017, at Hamburg Messe, in the city of Hamburg, Germany. Agenda Apart from the recurring themes relating to global economic growth, international trade and financial market regulation, the G20 Hamburg summit was expected to focus on the following "issues of global significance": Migration, digitisation, occupation, health, Women's Economic Empowerment and development aid. On 7 July terrorism, free trade and the United States' withdrawal from the Paris Agreement were on the agenda, on 8 July Africa was supposed to be a topic. Results The 30-page summary paper stayed vague in many sections. The communique of the 20 participants itself was seen as a success. The resolutions are not legally binding. Many additional documents were agreed upon, barely noticed by the public.(Annex in Weblink-PDF) Wolfgang Schäuble, German Federal Minister of Finance, insisted on the in ...
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Hamburg Messe
Hamburg Messe is a business unit of Hamburg Messe und Congress GmbH. The area of Hamburg Messe hosts about 40 trade fairs annually, with over 15000 exhibitors and 700000 visitors. About 15 events are operated by Hamburg Messe itself. Exhibition grounds The convention center consists of eleven halls with a total space of 87000 m² and another 10000 m² outside of the halls. "Neue Messe Hamburg" The current site is the result of a large expansion undertaken 2004 to 2008. Originally the fair ground was bound to the area between St. Petersburger Straße, Karolinenstraße und Holstenglacis / Bei den Kirchhöfen and consisted of the halls 1 to 12. It was then extended west across Karolinenstraße with another four halls (A1 to A4). The original halls 9 to 12 became B1 to B4 and halls 1 to 8 were replaced with the new halls B5 to B7. The original hall 8 was 24 meters in height and had complete glass walls, making this hall particularly useful for large exhibits like full hot air ...
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Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series ''The Apprentice (American TV series), The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Repu ...
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Erna Solberg
Erna Solberg (; born 24 February 1961) is a Norwegian politician and the current Leader of the Opposition. She served as the 35th prime minister of Norway from 2013 to 2021, and has been Leader of the Conservative Party since May 2004. Solberg was first elected to the Storting in 1989, and served as Minister of Local Government and Regional Development in Bondevik's Second Cabinet from 2001 to 2005. During her tenure, she oversaw the tightening of immigration policy and the preparation of a proposed reform of the administrative divisions of Norway. After the 2005 election, she chaired the Conservative Party parliamentary group until 2013. Solberg has emphasized the social and ideological basis of Conservative policies, though the party also has become visibly more pragmatic. After winning the September 2013 election, Solberg became prime minister of Norway, the second woman to hold the position, after Gro Harlem Brundtland. Solberg's Cabinet, often informally called the "Blue-Bl ...
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Pension Funds
A pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets (and were expected to grow to more than $56 trillion by 2020), the largest for any category of institutional investor An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked co ... ahead of mutual funds, insurance companies, currency reserves, sovereign wealth ...
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Narendra Modi
Narendra Damodardas Modi (; born 17 September 1950) is an Indian politician serving as the 14th and current Prime Minister of India since 2014. Modi was the Chief Minister of Gujarat from 2001 to 2014 and is the Member of Parliament from Varanasi. He is a member of the Bharatiya Janata Party (BJP) and of the Rashtriya Swayamsevak Sangh (RSS), a right-wing Hindu nationalist paramilitary volunteer organisation. He is the longest serving prime minister from outside the Indian National Congress. Modi was born and raised in Vadnagar in northeastern Gujarat, where he completed his secondary education. He was introduced to the RSS at age eight. He has reminisced about helping out after school at his father's tea stall at the Vadnagar railway station. At age 18, Modi was married to Jashodaben Chimanlal Modi, whom he abandoned soon after. He first publicly acknowledged her as his wife more than four decades later when required to do so by Indian law, but has made no contact with ...
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Free Market
In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a coordinated market in fields of study such as political economy, new institutional economics, economic sociology and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to the simple forces of supply and demand which create space for those ...
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Developing Countries
A developing country is a sovereign state with a lesser developed industrial base and a lower Human Development Index (HDI) relative to other countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The term low and middle-income country (LMIC) is often used interchangeably but refers only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high, upper-middle, lower-middle, and low income countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries. There are controversies over this term's use, which some feel it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that ...
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Fossil Fuel Divestment
Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, and other financial instruments connected to companies involved in extracting fossil fuels. Fossil fuel divestment campaigns emerged on campuses in the United States in 2011 with students urging their administrations to turn endowment investments in the fossil fuel industry into investments in clean energy and communities most impacted by climate change. In 2012, Unity College in Maine became the first institution of higher learning to divest its endowment from fossil fuels. By 2015, fossil fuel divestment was reportedly the fastest growing divestment movement in history. In October 2021, a total of 1,485 institutions representing $39.2 trillion in assets worldwide had begun or committed to a divestment from fossil fuels. Motivati ...
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Renewable Energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore ...
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Sustainable Development Goals
The Sustainable Development Goals (SDGs) or Global Goals are a collection of 17 interlinked objectives designed to serve as a "shared blueprint for peace and prosperity for people and the planet, now and into the future".United Nations (2017) Resolution adopted by the General Assembly on 6 July 2017, :File:A RES 71 313 E.pdf, Work of the Statistical Commission pertaining to the 2030 Agenda for Sustainable DevelopmentA/RES/71/313) The goals are: Sustainable Development Goal 1, No poverty, Sustainable Development Goal 2, zero hunger, Sustainable Development Goal 3, good health and well-being, Sustainable Development Goal 4, quality education, Sustainable Development Goal 5, gender equality, Sustainable Development Goal 6, clean water and sanitation, Sustainable Development Goal 7, affordable and clean energy, Sustainable Development Goal 8, decent work and economic growth, Sustainable Development Goal 9, industry, innovation and infrastructure, Sustainable Development Goal 10, Redu ...
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Gender Equity
Gender equality, also known as sexual equality or equality of the sexes, is the state of equal ease of access to resources and opportunities regardless of gender, including economic participation and decision-making; and the state of valuing different behaviors, aspirations and needs equally, regardless of gender. Gender equality is the goal, while gender neutrality and gender equity are practices and ways of thinking that help in achieving the goal. Gender parity, which is used to measure gender balance in a given situation, can aid in achieving gender equality but is not the goal in and of itself. Gender equality is more than just equal representation, it is strongly tied to women's rights, and often requires policy changes. , the global movement for gender equality has not incorporated the proposition of genders besides women and men, or gender identities outside of the gender binary. UNICEF says gender equality "means that women and men, and girls and boys, enjoy the same ...
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Climate Protection
Climate change mitigation is action to limit climate change by reducing emissions of greenhouse gases or removing those gases from the atmosphere. The recent rise in global average temperature is mostly caused by emissions from fossil fuels burning (coal, oil, and natural gas). Mitigation can reduce emissions by transitioning to sustainable energy sources, conserving energy, and increasing efficiency. In addition, can be removed from the atmosphere by enlarging forests, restoring wetlands and using other natural and technical processes, which are grouped together under the term of carbon sequestration. Solar energy and wind power have the highest climate change mitigation potential at lowest cost compared to a range of other options. Variable availability of sunshine and wind is addressed by energy storage and improved electrical grids, including long-distance electricity transmission, demand management and diversification of renewables. As low-carbon power is mor ...
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