[G20] Is new technology viable?

Written by The Nation Pakistan

This year, the G20 committee focused on new sustainable and efficient policies to mitigate climate change. Are these new technologies affordable for farmers and less economically developed countries (LEDC)? The delegate of Spain then suggested using grants from Investor’s Business Daily (IBD) to support these stakeholders. As more economically developed countries (MEDC) have more funding allocated for innovations as compared to LEDC, they have the ability to host ambassadorship programs where farmers and LEDC can learn and adapt from their technologies. Forums could also be held annually for countries to update on their research progress and share their findings.

However, greedy private owned companies conducting research may not be willing to give up their “secret recipe”. LEDC would also face the issue of inequity. The delegate of Italy then pointed out the joint partnerships with companies and governments would greatly reduce inequity as information is made known to all.

There was strong opposition on implementing agriculture policies such as Genetically Modified Organisms (GMO) from European Union (EU) countries. Regrettably, the G20 committee could not come up with a solution and could only hope that these countries would look beyond bribery and short term results.

The delegate of Italy also highlighted that there is a need of rescaling of farmers as new technologies require high skills. Leveraged ambassadorship programs to retrain traditional farmers to bring new skill sets would reduce unemployment. The committee feels that it would be effective.

The African Union (AU) also expressed concerns that their voice would not be heard and more focus should be placed on feasibility of the implementation of technologies in LEDC.

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