8th edition of WGES promotes investment partnerships in green projects

By Shilpa Annie Joseph, Desk Reporter
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WGES
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Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) will organize the 8th World Green Economy Summit (WGES) on 28 and 29 September 2022 at the Dubai World Trade Centre (DWTC).

WGES 2022 will focus on developing investment partnerships in green projects and financing. It will also promote investment and employment opportunities provided by the green economy.

During the Summit, several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers, official dignitaries from government organizations, academia, experts, and the media, will discuss promising opportunities and investments for the public and private sectors.

“These opportunities would enable them to find innovative solutions and financial tools that promote clean and renewable energy projects, sustain growth and drive the global economy towards greater prosperity,” according to the statement.

Saeed Mohammed Al Tayer
Saeed Mohammed Al Tayer
MD & CEO – DEWA
Chairman – WGES

“The UAE has adopted the green economy since 2012, through the ‘UAE Green Growth Strategy’ initiative which was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, under the theme ‘A Green Economy for Sustainable Development’. It was created with the ambition for the UAE to become a global leader and a successful model of sustainability while supporting long-term economic growth. The UAE has worked to integrate the United Nations Sustainable Development Goals (SDGs) 2030 into its vision for the future and to achieve its ambitions for the next 50 years. Pioneering transformational projects such as building solar power plants, using eco-friendly EV cars, as well as building sustainable, low-carbon urban communities support the wise leadership strategy to achieve a sustainable future for vital sectors in the UAE.”

“They also help to achieve the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Emissions Strategy 2050 to provide 100 percent of the energy production capacity from clean energy sources by 2050. Dubai has made great strides in its sustainable development journey,” Al Tayer added.

Furthermore, WGES 2022 will highlight the increasing interest of global investors in the renewable energy sector, and ways to benefit from the boom in financing the environment, society, and governance. This aims to achieve green growth.

HE Abdulla bin Touq Al Marri, UAE Minister of Economy stated that the transition to a sustainable and green development model is a global trend that will shape the economy of the future.

UAE Minister further noted that “the organization of the Summit in the UAE is aligned with the national efforts aimed at promoting the green economy as a policy priority and the transition towards a new economic model that is more diverse, resilient, and sustainable, in line with the country’s ambition vision for the next 50 years.”

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