It will be hosted by the Dubai World Trade Center on September 28
"World Economic Summit 2022" stimulates investment partnerships in "green projects"
The green economy is one of the most important sectors that serve the sustainable development process.
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Abdullah bin Touq: "The UAE adopts an ambitious future vision to enhance economic diversification and develop new sectors in areas that serve the sustainable development process."
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The eighth edition of the World Green Economy Summit, which will be hosted by the Dubai World Trade Center on September 28 and 29, focuses on developing investment partnerships in green projects and green finance, and stimulating investment and employment opportunities provided by the green economy.
A number of local and international dignitaries, including heads of state and heads of government, in addition to a large number of international speakers, officials, representatives of government institutions, experts and academics, will discuss during the summit the promising opportunities and investments available to the public and private sectors, to employ innovations and modern technologies to find solutions and financing tools. Innovative, supports the spread of clean and renewable energy projects and sustainable growth, and pushes the global economy towards greater prosperity.
green investments
The World Green Economy Summit supports the UAE’s efforts to enhance the momentum of green investments by bringing together decision-makers and investors under one roof in the UAE, which supports the country’s efforts to promote green finance, as the UAE is the first country to develop and issue a guide to measure the transformation towards a green economy The guide focuses on three dimensions of sustainable development: economic, social, and environmental. These dimensions include indicators on green jobs, Emiratisation, innovation, human development, environmental footprint, green vehicles, and others.
The UAE has allocated $400 million to enable the transition of developing countries to clean energy, and pledged to help provide green electricity to 100 million Africans by 2035. Climate change.
The summit stresses the importance of making global changes in consumption, production and investment patterns to achieve the Paris climate agreement, and it also paves the way for the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP28), which will be hosted by Expo Dubai, next year, which is an important event for shaping sustainability. Globalization and a green future, and strengthening the position of the Middle East region as a key driver of the green economy and green infrastructure.
Vision for the future
The Minister of Economy, Abdullah bin Touq Al Marri, said, "The UAE adopts an ambitious future vision to enhance the possibilities of economic diversification and develop new economic sectors in areas that serve the sustainable development process.
The green economy is one of the most prominent sectors that serve this trend, and the state has taken important steps to build its capabilities in this field.”
He added, "The circular economy is one of the main drivers that underpin the state's efforts in this vital file, and it has witnessed tangible growth through the initiatives of the Emirates Council for Circular Economy and its Policy Committee, which succeeded in developing 22 new policies for the circular economy in the country, serving four main sectors." These policies are manufacturing, green infrastructure, transportation, food production and consumption, and these policies contribute to addressing the challenges facing the implementation of the circular economy in these sectors, as well as accelerating the shift towards green development.
Bin Touq continued, "The shift towards a new, greener and more sustainable development model is a global trend, and plays a major role in shaping the features of the economies of the future, hence the importance of the World Green Economy Summit, which offers a platform for discussion with international partners and the study of new investment opportunities in this field. This will enhance national efforts to develop the potentials for the growth of the green economy as an inevitable priority for the next stage, and a fundamental pillar of the transition to a new, more diversified, flexible and sustainable economic model in accordance with the state’s vision and goals for the next 50 years.”
UAE Green Development Strategy
Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, Managing Director and CEO of Dubai Electricity and Water Authority, and Chairman of the World Green Economy Summit, Saeed Mohammed Al Tayer, affirmed that "the UAE has worked to integrate the 2030 sustainable development goals of the United Nations into its vision for the future, and to achieve ambitions in the next 50 years.
The pioneering projects that are being implemented, such as solar power plants, encouraging the use of environmentally friendly electric cars, digital transformation, and building sustainable low-carbon urban communities, contribute to supporting the rational leadership strategy towards achieving a sustainable future in all vital sectors in the country, and achieving the Dubai Clean Energy Strategy. 2050, and Dubai’s 2050 carbon neutral strategy to provide 100% of the energy production capacity from clean energy sources by 2050.”
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