What's Happening?
As the Davos 2026 meeting approaches, there is a growing call to highlight the role of small- and medium-sized enterprises (SMEs) in global economic resilience and climate action. SMEs, which make up 90%
of businesses worldwide, are crucial for economic development but also contribute significantly to global emissions. The SME Climate Hub and the International Trade Centre are advocating for greater inclusion of SMEs in major economic discussions, emphasizing their potential to drive sustainable growth and climate action. The focus is on providing SMEs with the tools and support needed to participate in the green economy.
Why It's Important?
SMEs are vital to the global economy, particularly in developing regions, but they face significant challenges in adopting sustainable practices. By including SMEs in discussions at events like Davos, there is an opportunity to address these challenges and support their transition to a low-carbon economy. This inclusion is essential for achieving global climate goals and ensuring economic stability. The emphasis on SMEs highlights the need for tailored support and resources to help them overcome barriers to sustainability and contribute to global resilience.
What's Next?
The upcoming Davos meeting will provide a platform for discussing the role of SMEs in the global economy and their potential to drive sustainable growth. The focus will be on developing strategies to support SMEs in their transition to a green economy, including access to finance and technology. The outcomes of these discussions could shape future policies and initiatives aimed at empowering SMEs to play a more significant role in global economic and environmental efforts.
