United Nations adopts ground - breaking pact for the future to transform global governance

The Pact for the Future, adopted by world leaders, marks a significant step in international cooperation, addressing contemporary challenges and future generations. This comprehensive agreement, resulting from an inclusive process, aims to modernize international institutions to better serve a rapidly changing world. The pact emphasizes commitment to the United Nations, international law, and a more representative global system. Key deliverables include progressive Security Council reform, multilateral commitment to nuclear disarmament, and strengthened governance of outer space. The pact also addresses the weaponization of new technologies and the application of laws of war to emerging technologies. In terms of sustainable development, the pact calls for reform of the international financial architecture to better represent developing countries. It aims to mobilize more financing for development, review sovereign debt architecture, and strengthen the global financial safety net. The agreement also focuses on climate change, with commitments to keep global temperature rise to 1.5 °C and transition to net zero emissions by 2050. The Global Digital Compact, annexed to the pact, establishes a comprehensive framework for digital cooperation and AI governance. It includes commitments to connect all people, schools, and hospitals to the internet, anchor digital cooperation in human rights and international law, and govern AI with a roadmap and data governance. The Declaration on Future Generations highlights the importance of considering future generations in decision-making and calls for more meaningful opportunities for young people to participate in global governance. The pact also strengthens work on human rights, gender equality, and the empowerment of women, with a clear call to protect human rights defenders. It emphasizes the engagement of diverse stakeholders, including local and regional governments, civil society, and the private sector. The Summit process and the pact were enriched by contributions from millions of voices and thousands of stakeholders worldwide. The formal Summit brought together over 4,000 individuals, while the Action Days attracted more than 7,000 participants, resulting in commitments to action and pledges of $1.05 billion to advance digital inclusion. Overall, the

Source: ft.lk
Published on 2024-09-27

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