Rome, Italy (March 29, 2017) . The organization representing the world’s young entrepreneurs today issued a declaration that outlined the commitment of its growing global network to the principles of environmental sustainability, economic growth and job creation.
“Resource Efficiency is a crucial element of a growing and sustainable economy as well as a means of boosting competitiveness and creating jobs,” said Xia Bing, Chair of the Steering Committee of the G20 Young Entrepreneurs’ Alliance. “Young entrepreneurs across the world know that the next generation of economic growth will come in areas such as green energy and the emerging circular economy. We have to act now to take advantage of this opportunity.”
The declaration, approved by the group at its recent meeting in Johannesburg, South Africa, observes that the shift from a carbon-intensive economy will require innovation and disruption on a scale never before seen in human history and that this will require the engagement and motivation of a new generation of young entrepreneurs. It also notes that focusing on resource efficiency will stimulate technological innovation, especially in the fast developing green technology sector, opening up new market opportunities for young entrepreneurs around the world. The declaration makes a series of direct recommendations to the G7/B7 group in the areas of training, investment, green infrastructure, regulatory reforms and lifecycle analysis and costing of technologies.The G20 Young Entrepreneurs’ Alliance (G20 YEA) is the global network of young entrepreneurs and the organizations that support them. It was established to convene each year in advance of the G20 Summit, with the aim of championing the importance of young entrepreneurs to the G20 member nations and to share examples and practices. The Alliance was officially created at the G20 Young Entrepreneurs Summit in Toronto, Canada in 2010 and meets regularly to engage the G20 Leaders and other stakeholders and partners. Its German partner, Wirtschaftsjunioren Deutschland, will host the Alliance’s next global summit in Berlin from June 15 to 17, 2017. For more information on the Alliance, please visit www.g20yea.com.