World Green Economy Summit supports UAE’s drive for COP28

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A panel discussion at the previous edition of the World Green Economic Summit.

Staff Reporter, Gulf Today

Under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai Electricity and Water Authority (Dewa), the World Green Economy Organization (WGEO), will organise the 8th World Green Economy Summit (WGES) on Sept. 28 and 29, in conjunction with the Water, Energy, Technology and Environment Exhibition (Wetex) and Dubai Solar Show (DSS).

Besides its leading role in promoting a green economy, WGES plays a key role in supporting the UAE’s outstanding efforts in climate action and its firm commitment to sustainability. It also reflects the UAE’s unlimited support for energy and climate change issues and developing sustainable solutions to environmental challenges.

This supports the UAE’s preparations to host the 28th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28) at Expo City Dubai in 2023. This is the most important and largest international conference on climate action that brings together world leaders, underlining the UAE’s leadership and its widely recognised efforts in climate action.

Since its launch in 2014, WGES has succeeded in galvanising global efforts to promote the shift towards a green economy and has provided a strategic platform to support international cooperation to face global challenges, promote sustainable development and investments in the green economy, encourage adoption of effective policies, plans, and initiatives in this area, and discuss pressing issues including climate change and global warming. WGES helps align energy policies with the Sustainable Development Goals, exchanging views on successful sustainability strategies, systems and policies, and using available opportunities to support the transition to a green economy. WGES brings together a large number of leaders, experts and specialists in various areas related to a green economy and sustainable development.

“The UAE plays a leading role in supporting global efforts in clean and renewable energy through its strategies and investments in this area. Guided by the vision and directives of His Highness Sheikh Mohamed Bin Zayed Al Nahyan, President of the UAE and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to turn challenges into opportunities, WGES aims to change climate work into opportunities for development and economic diversity. The 8th WGES is especially important as the UAE is preparing to host COP28 next year at Expo City Dubai. WGES supports the efforts of the UAE as well as global efforts to adopt innovative green solutions, promote innovation for sustainable development, and achieve a balance between economic growth and sustainability of natural and environmental resources. WGES also supports the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 for Dubai to provide 100% of Dubai’s total power capacity from clean energy sources by 2050,” said  Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, MD & CEO of Dewa and Chairman of the WGES.

“The momentum observed worldwide in recent years to accelerate the implementation of the Paris Agreement, adopted during the Conference of the Parties (COP 21), reflects the importance of establishing policies and mechanisms that guarantee sustainable development and the transition to a green economy. In line with the UAE’s plan for green development, Dubai developed the country’s vision by implementing vital projects that support renewable energy, energy efficiency and conservation. It ensured the engagement of the private sector as an essential part of implementation and financing. The role of the private sector in implementing renewable energy projects has been one of the most important ingredients for success, which reflects the reputation and position of the UAE globally in attracting the largest companies and using the latest technologies. WGES provides the ideal and unique platform for exchanging experiences and aligning efforts that support the regional and global agenda for sustainable development,” added Al Tayer.

“The UAE is one of the leading countries in the world supporting the green economy and international efforts in the field of clean energy. It has set its long-term goals in the field of energy, and has launched the UAE Net Zero by 2050 strategic initiative is a national drive to achieve net-zero emissions by 2050,” said HE Suhail Al Mazrouei, Minister of Energy and Infrastructure.

“During a record period, the UAE has expanded in the field of clean energy, thanks to the legislation and laws that have kept pace with the current developments and future challenges, and set ambitious goals for the future, which in turn has strengthened the investment system in this vital sector, that is the centrepiece of the national economy. The World Green Economy Summit is a major supporter of the UAE’s efforts and endeavours to achieve a balance between energy and the environment, and to map out the features of a sustainable future capable of transforming challenges into opportunities, in line with the provisions of the Paris Agreement on climate change,” added Suhail Al Mazrouei.

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