Dubai Launches Global Alliance on Green Economy

On Wednesday, the World Green Economy Summit in Dubai saw the launch of a global alliance to build a coalition of countries with climate action and sustainable development as priorities.

The event, organised by the Dubai Water and Electricity Authority (Dewa), witnessed the participation of about 25 ministers (including from India, Syria, Sri Lanka, Sudan, Mauritius and Somalia) and officials. The new alliance aims to enhance the capacity of developing countries, provide support for their green economy transition projects and exchange knowledge on implementation.

Linking the Paris Agreement goals and its corresponding articles, as well as the 2030 Agenda for Sustainable Development with climate planning and climate finance, are key synergies in this transition. We truly believe this harmonisation to be essential in the lead-up to Cop27 and Cop28 in Egypt and the UAE, respectively,

said Saeed Al Tayer, chairman of the World Green Economy Organisation (WGEO), and managing director and CEO of Dewa.

In 2016 the UAE became the first Middle East nation to sign the Paris Agreement, which calls for global warming to be limited to well below 2°C, preferably 1.5°C, compared with pre-industrial levels. Under the agreement, the Emirates pledged to achieve net-zero carbon emissions by 2050 in line with the targets of the Paris Agreement.