WEF welcomes remarks by Klaus Schwab

The founder of the World Economic Forum (WEF), Klaus Schwab, welcomed political and business leaders to this year's gathering in Davos, saying the world is in a state of emergency and the window to act is closing."We do not want to face continued political and economic disintegration," Schwab, told the audience at the opening session.

"We do not want to reach a tipping point of either possibility of climate change. And we do not want to leave behind to the next generations," he added, telling attendees that the forum would be "a do shop, not a talk shop", with the goal of achieving tangible progress by the end of the week on issues like climate change and green investment.

"Each of us can help to create a better world where so we are business leaders, government leaders, NGO leaders, scientists, young people or cultural leaders. We cannot only create a better world. We must create a better world," he told the Forum.

The forum is shifting its focus of recent years from how technology is transforming lives to the environment and responsible business practices that promote jobs, fight climate change and work for social good along with profit-making.

Image Credit: AP