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Frank-Jürgen Richter
Chairman at Horasis
Professional Background
Dr. Frank-Jürgen Richter is an accomplished German entrepreneur and the esteemed Chairman of Horasis, a global platform that he founded in 2005. Under his visionary leadership, Horasis has flourished into a prestigious organization that fosters cooperation between emerging and developed markets. The cornerstone of Horasis’s influence is its annual meetings, including the renowned Horasis Global Meeting, the Horasis India Meeting, the Horasis China Meeting, and the Horasis Asia Meeting. These gatherings provide a unique venue for leaders from various sectors to exchange ideas, promote dialogue, and collaborate on pressing global issues.
Beyond his role at Horasis, Richter has an extensive background in high-level advisory positions. He regularly engages with influential business leaders, policymakers, and intellectuals from around the world, providing valuable insights into globalization, trade, and sustainable development. His expertise is sought after by governments and private organizations, ensuring that he is at the forefront of discussions around economic growth and sustainable practices in an ever-evolving global landscape.
Education and Achievements
Richter's educational background is impressive and dedicated to the fields of business and engineering. He holds a Master's degree in Business Administration and Mechanical Engineering from the renowned Karlsruhe Institute of Technology (KIT). This unique combination equips him with a holistic understanding of both technological and managerial aspects, vital for driving innovation in today’s economy.
Furthermore, Richter achieved a Doctor of Philosophy (PhD) in Business Administration from the prestigious University of Stuttgart. His academic journey also includes PhD studies in management science at the University of Tsukuba in Japan. His educational pursuits have provided him with a solid foundation in analytical thinking and strategic decision-making, which he leverages in his various roles and responsibilities.
Throughout his career, Dr. Richter has held several significant positions that have furthered his expertise and impact within the global economic sphere. Notably, he served as the Director for Asia at the World Economic Forum, where he played a critical role in shaping discussions and initiatives that fostered Asian economic integration and collaboration. Additionally, he was the Head of Department at Bosch, where he contributed significantly to the organization's strategic visions and operations.
Achievements
Dr. Frank-Jürgen Richter's commitment to promoting sustainable and constructive dialogue across continents is at the heart of all his achievements. His founding of Horasis is not only a significant milestone in his career but also a testament to his expertise in fostering connections between diverse markets. The global meetings regulated by Horasis have become a pivotal platform for collaboration, attracting distinguished leaders, thinkers, and change-makers.
Richter's ability to brought together influential entities translates into real-world partnerships and sustainable projects that can address global challenges effectively. Through Horasis, he enables actionable insights and strategies that resonate at the intersection of development and globalization.
As a leading figure in the circles of international collaboration, Dr. Richter has made substantial contributions towards enhancing the dialogue on sustainable development practices. His advisory work with governmental bodies and the private sector reflects his deep understanding of global economics and the mechanisms that drive growth while ensuring sustainability. Furthermore, his role in discussing the intricate balance between emerging and developed economies marks him as a key influencer in the dialogue about future global economic structures.
Dr. Frank-Jürgen Richter’s journey from an engineering student to a global thought leader epitomizes a dedication to fostering understanding and cooperation across borders. His continuing work in the intersection of business development and sustainable practices positions him as a trailblazer in addressing and shaping the future of global economics.
Through his extensive network and ongoing commitment to excellence, he not only contributes to the vitality of international cooperation but also inspires the next generation of leaders through mentoring and collaborative initiatives.
Highlights
Important topic at the #Horasis Global Meeting, Vitoria, Brazil, 25-26 October: ☀ Fighting Climate Change ☀
🔻 As the global average temperature surpasses 1.5°C of warming, the urgency to combat climate change intensifies. Among other polluting fossil fuels such as oil and gas, coal is the dirtiest of them all. It is responsible for over 0.3°C of the 1°C increase in global average temperatures, making it the single largest source of global temperature increase.
🔻The G7 countries – UK, US, Canada, France, Germany, Italy, and Japan have recently agreed on phasing out the unabated use of coal-fired power plants by 2030-2035. “Stamping an end date on the coal era is precisely the kind of leadership we need from the world’s wealthiest countries. This decision provides a beacon of hope for the rest of the world, showing the transition away from coal can happen much faster than many thought possible,” said Jennifer Layke, the global director of energy at World Resources Institute, in a statement.
🔻But coal being a cheaper fossil fuel is a major source of energy for most developing economies across the world. Coal is mainly used for generating electricity, and can be replaced by either nuclear power or by natural gas, or by renewable energy. All are cleaner in terms of CO2 emissions when compared to coal, but they require upfront-investments that are high. Substituting coal with renewables is also not feasible at the moment due to its intermittent nature and need for energy storage.
🔻For India, reliance on coal is deeply rooted in its energy infrastructure. As of 2021, coal accounted for 72% of the country’s electricity generation. Coal’s advantages are well known: it is abundant, cheap, easy to transport, and can be stored for long periods. These attributes make coal a reliable energy source, especially in a country like India with growing energy demands and economic aspirations. However, the environmental costs of coal are enormous. Coal combustion is one of the largest source of CO2 emissions, contributing significantly to global warming. Additionally, coal mining and burning lead to air and water pollution, affecting the health of many.
Read more:
Panel at the #Horasis Global Meeting, Vitoria, Brazil, 25-26 October:
Maintaining and Building Secure Infrastructure
✅ National infrastructures – roads, bridges, dams and utilities – are the backbone of any society, built with the intent to last generations. However, climate change has increasingly compromised their integrity, as likelihood of corrosion, erosion and flooding have become more frequent and severe. The Coalition for Disaster Resilient Infrastructure estimates that an average of US$732 billion to US$845 billion is lost to damages to infrastructure and buildings due to climate-induced disasters. And to build resilience of existing and new infrastructure, an estimated investment of US$2.84 trillion to US$2.90 trillion is required to be invested in low- and middle-income countries (LMICs) through to 2050. But only a meagre of that investment is done as of yet.
✅ Developed economies with their large investments in massive infrastructures face high levels of absolute risk from infrastructure losses, but it does not threaten their resilience. Meanwhile, it is the LMICs and the small island developing states that are at a greater risk from infrastructure damages. South Asian countries face substantial losses of 0.42% of their GDP annually, while economies in Latin America and the Caribbean face losses of 0.22%. A significantly lesser investment will be required in these countries to make their infrastructure resilient, but it will make a major difference in their overall socioeconomic development.
✅ At the moment only US$792 million has been pledged by the global community for loss and damage funding. The fund is a global agreement wherein developed economies have pledged to financially support LMICs to offset economic and non-economic losses caused by climate change. Damage to infrastructure and buildings is one of the components of the fund.
✅ Building infrastructure for the future will require a multifaceted approach taking into consideration climate resilience, sustainable materials, smart technology and innovative financing models. By adopting these strategies, we can create infrastructures that are not only fit for purpose but also contribute to a more resilient and sustainable future for all.
