World Green Economic Summit 2022

 

SUMMIT OVERVIEW

As Covid-19 upended the global economy, another quiet shift was also taking place. ESG (or environmental, social and governance) investing had been around long before the pandemic. In 2020 it hit the mainstream, driven by an avalanche of capital and a new green growth consensus among business leaders and policymakers. The boom shows no signs of abating. It is estimated that by 2025, more than a third of all assets under management will be tied to ESG metrics. Just a few short years ago, sustainability was a nice-to-have luxury for those who could afford it. Now, the green economy is the economy.

The ESG investment boom combined with an urgent post-pandemic economic recovery imperative presents a unique opportunity to reset national and business agendas. Forget digital transformation: in 2022 and beyond, sustainable transformation will drive a global surge in demand for green infrastructure that will reshape finance, shake up natural resources markets and redefine the technology sector. The choice is clear: get ahead and ride the wave of green industrialisation or be left behind.

Regulation, too, will drive a dramatic shift in how businesses think about sustainability. New rules will increasingly require companies to disclose their impact on the environment and the financial risks they face from climate change. Growing concern about the implications of biodiversity loss and the economic value of ecosystem services means that governments and businesses alike will increasingly return to thinking about the environment more broadly, rather than just focusing on carbon emissions.

Under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of UAE and Ruler of Dubai, this Summit is organised by the Dubai Electricity & Water Authority, Dubai Supreme Council of Energy and World Green Economy Organization in cooperation with WETEX.

The World Green Economy Summit, aims to propel action to deliver a sustainable future. Convened in the lead-up to COP27 in Egypt and COP28 at Dubai Expo City, the Summit will provide a platform to build consensus around the potential of technologies, policies and youth as engines of a green economy transformation. It also supports the UAE’s efforts to achieve the United Nations Sustainable Development Goals 2030 (SDGs), the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of Dubai’s total power capacity from clean energy sources by 2050. The 8th WGES will focus on developing investment partnerships in green projects and financing. It will 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 organisations, 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

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