Page 22 - WGEO PR REPORT - November-December 2022

11/17/22, 1:24 PM Al Tayer underlines WGEO’s collaboration with global stakeholders to discuss role of green economy in nature-based solutions at COP27
green economy as well as resorting to nature-based solutions will contribute to enhancing food and water security,
address climate change and biodiversity loss, and strengthen the response to disasters. Climate-smart agriculture,
forestation, and natural ecosystems restoration are multi-faceted, serving the economy, people and the climate response.
Platforms like COP 27 not only allow global stakeholders to have their voices heard, but also provide a forum to
address climate change, share best practices and build commitments. Most significantly, such platforms make sure that all
stakeholders are fully committed to and involved in all measures intended to curtail climate change. This will help the
society and wildlife in successfully adapting and ensure preservation of the ecosystem on planet Earth.”
“The UAE attaches great importance to adopting the principles and practices of green economy to achieve sustainable
development and combat the repercussions of climate change. The UAE is leading this effort by setting a framework for
achieving net-zero emissions, launching green initiatives, and ambitious national strategies and policies that will help
reduce carbon emissions and adapt to climate change, as well as find a smooth path towards achieving economic
prosperity that goes in parallel with environmental sustainability. To support the Dubai Clean Energy Strategy 2050 and
the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100% of the total power production capacity from
clean energy sources by 2050, Dubai launched major strategic initiatives and development projects.
These projects, built through Dubai Electricity and Water Authority (DEWA), include the Mohammed bin Rashid Al
Maktoum Solar Park, the world’s largest single-site solar park using the Independent Power Producer (IPP) model with
a production capacity of 5,000 megawatts by 2030; the pumped-storage hydroelectric power plant in Hatta using clean
energy, which is the first of its kind in the GCC region; and the Green Hydrogen project that DEWA implemented at the
Mohammed bin Rashid Al Maktoum Solar Park in Dubai. It is the first pilot project of its kind in the Middle East and
North Africa for green hydrogen production”, Al Tayer said.
Al Tayer also emphasised the importance of nature-based solutions to enhance food and water security, address climate
change and biodiversity loss, and strengthen the response to disasters, as well as how the UAE places strong focus on
transitioning to a green economy.
“Bridging these elements is also a priority, to make the implementation process as efficient, and effective as possible.
Advancing the green economy requires international cooperation, guaranteeing a new approach and a stable partnership
among all stakeholders globally. In this respect, the UAE government, along with WGEO, have launched the Global
Alliance on Green Economy in September 2022, aiming to advance policymaking and implementation towards a green
economy, at the global, regional, and national levels. Solutions under the Alliance will address the transition, climate
change and sustainable development. Today’s session at COP 27, among others, will bring us closer to making such
solutions available and accessible and lead us towards achieving our shared ambitions to combat the harmful effects of
climate change, and support cooperation initiatives to help the world achieve future sustainability through the transition to
a green economy”, Al Tayer concluded.

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