Middle East & North Africa

World Green Economy Summit 2018 concludes

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DUBAI, Oct 25 2018 - The 5th World Green Economy Summit (WGES), held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, concluded today. The summit, held under the theme ‘Driving Innovation, Leading Change’ brought together many prominent speakers from across the globe, in addition to dignitaries and representatives from government organisations, academicians, experts and the media.

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), and Chairman of WGES, announced the Dubai Declaration 2018 at the conclusion of WGES 2018, expressing his gratitude and appreciation to His Highness Sheikh Mohammed bin Rashid Al Maktoum, for his patronage of the Summit. He also thanked H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, for his presence at the opening ceremony of the summit.

Al Tayer said: “Since its inception in 2014, the summit has made great progress and many achievements, notably due to increased cooperation between decision-makers from the public and private sectors. Over 3,700 participants consisting of global experts, thought leaders and business leaders in green economy and sustainable development, have participated in WGES 2018 to discuss key issues such as climate change and global warming.”

“This summit is especially important, because it has set the journey towards the adoption and signature of the agreement establishing the World Green Economy Organisation (WGEO). We sincerely hope that we can count many of your countries amongst the original members of WGEO, who have a very important role in shaping its future,” Al Tayer added.

He further said, “We are concerned by the report recently released by the IPCC defining a stringent scenario for the world to achieve the 1.5 degrees target. Nonetheless we are optimistic, as we know that it can be achieved by harvesting the capabilities of the private sector to make their industries and sectors green. This is why we are here, to form and focus an engine of green transformation built on diversity and entrepreneurship.”

Speaking about the summit’s pillars, Al Tayer said, “WGES 2018 focused on three main pillars including ‘Green Capital’, which has been a focus of discussions at this year’s Summit. This comes at a time when the World Green Economy Organisation (WGEO) and the Global Green Growth Institute (GGGI), signed in October 2018 a partnership agreement in Dubai to fast-track green investments into bankable smart city projects.”

“One of Dubai’s major green projects is the Mohammed bin Rashid Al Maktoum Solar Park. This is the largest single-site solar park in the world. Based on the Independent Power Producer model, it will have a capacity of 5,000MW by 2030. This includes the world’s largest single-site Concentrated Solar Power (CSP) project with a capacity of 700MW,” Al Tayer highlighted.

WAM/Hatem Mohamed/Tariq alfaham

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