The WGES 2023 thematic pillars help the UAE’s precedence areas for COP28 – Local weather – COP28

The WGES 2023 thematic pillars help the UAE’s precedence areas for COP28 – Local weather – COP28

The World Inexperienced Economic system Summit (WGES) has unveiled the thematic pillars of its ninth version: inexperienced coverage, inexperienced finance, inexperienced expertise and innovation, inexperienced vitality and inexperienced partnerships.

These pillars align with the UAE’s precedence areas for the United Nations Framework Conference on Local weather Change (COP28), which can be hosted by the UAE at Expo Metropolis Dubai from November 30 to December 12, 2023.

Dubai Electrical energy and Water Authority (DEWA), the Dubai Supreme Council of Power (DSCE) and the World Inexperienced Economic system Group (WGEO) will host the ninth WGES on November 28 or 29, 2023 at Madinat Jumeirah in Dubai. Varied native and worldwide figures, officers, resolution makers, consultants, audio system, authorities officers, media professionals, consultants and teachers will take part.

Saeed Mohammed Al Tayer, Vice Chairman of Dubai Supreme Council of Power, MD and CEO of DEWA, ​​and Chairman of WGEO, mentioned: “Because of the continued help of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, WGES has turn out to be a key a part of the UAE’s efforts to speed up the fuel neutrality grid and develop world funding partnerships in inexperienced initiatives. The occasion will characteristic a various cohort of people, empowering creating areas and inspiring world collaboration and public-private partnerships.

“Rising consciousness of the significance of a inexperienced financial system in combating local weather change and enhancing the well being of individuals and the planet highlights the necessity for a fast and simply transition to a very built-in world inexperienced financial system.

“Throughout the ninth WGES, we stay up for accelerating sustainable financial and social improvement and discovering efficient and modern options to extend local weather finance. This can assist in going through the results of local weather change and reaching sustainable and complete improvement,” he added.

In keeping with the COP28 plan, WGES 2023 will deal with the next thematic pillars:

1) Inexperienced insurance policies: World stock, world carbon market, nationwide and company approaches, sustainable improvement objectives and insurance policies for a simply inexperienced transition.

2) Inexperienced Finance: Securing entry to finance in low- and middle-income international locations, decreasing dangers for investments, expertise finance, the worldwide financial panorama and personal sector options.

3) Inexperienced expertise and innovation: superior applied sciences and options for a transition to a inexperienced financial system, reminiscent of carbon seize and storage (CCS), electrical autos, hydrogen, synthetic intelligence, deep-sea mining and concrete innovation.

4) Inexperienced vitality: mitigating provide dangers and challenges for a inexperienced vitality transition, the water-food-energy nexus, photo voltaic vitality in low- and middle-income economies, the position of oil and fuel corporations within the vitality transition, and sector highlights from key vitality sectors.

5) Inexperienced partnerships: together with the general public sector, non-public sector, monetary sector, cities, academia and youth, civil society and worldwide organizations led by the World Alliance on Inexperienced Economic system.

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