The Business Congress is a unique Model United Nations committee that simulates an international forum where delegates represent corporations, firms, or economic stakeholders rather than traditional nation-states. Members debate global business issues, such as trade policy, environmental sustainability in corporate practices, and the ethics of innovative technologies. They work to craft resolutions that balance profit with social responsibility, and often focus on innovative, real-world solutions to economic challenges. This committee encourages participants to think critically about the intersection of business and global policy, fostering skills in negotiation, strategy, and economic diplomacy.
chair to be announced
Topic: Discussing the future of electromobility
Electromobility represents a vital shift in the automotive industry, driven mostly by the need
for sustainable transportation amid growing environmental concerns. In recent years, there has
been a sudden increase in pro-environment political movements and mentalities, urging
governments and businesses to prioritize eco-friendly practices. This shift has led to stricter
regulations on emissions and an enormous motivation for the development of electric
vehicles. Companies like Tesla have revolutionized the market, showcasing the potential of
EVs to reduce environmental impact while meeting consumer demands.
However, many other
worldwide automakers also invested heavily in the electric technology, and their initial
optimism is now tempered by a harsh reality. Recent reports suggest that as a result of
substantial investments in EV production, many companies are facing challenges, including
fluctuating demand and rising battery costs. Some manufacturers, having bet heavily on an
electric future, are now struggling with overproduction and the need to pivot towards e.g.
hybrid models. Moreover, oil companies face reduced demand for fossil fuels, which leads to
lower revenues and market share. This transition reveals a growing recognition that the road
to electromobility is not as straightforward as anticipated. As the Business Congress delves
into the future of electromobility, it is essential to assess not only the technological
advancements, but also the economic implications and valid arguments from both sides of the
issue, which may redefine the entire automotive industry as we know it.
Business Matrix:
Advanced: LG Chem ltd, World Wide Fund for Nature, American Petroleum Institute, Shell plc, ExxonMobil
Expert: Volswagen Group, Bayerische Motoren Werke, Hyundai Motor Group, General Motors Company, Tesla inc., REE Automotive, International Energy Agency, Saudi Aramco, PetroChina