Page 24 - WGEO PR REPORT - November-December 2022

an engagement with stakeholders, at the United Nations Climate Change Conference of

the Parties (COP27), held from November 6 to 18, 2022, at Sharm El Sheikh, Egypt.

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Co-hosted by UNFCCC - WGEO and HSBC Middle East, the session titled ‘The Role of
Green Economy in Nature-based Solutions,’ featured a series of multistakeholder
dialogues exploring the role biodiversity plays in the protection of humankind and the
financing required to protect both the preservation of Nature and people.

HE Al Tayer emphasized how nature-based solutions or processes could significantly

minimise climate change and its effects while also addressing the regional challenges,
such as air, water, and soil pollution, as well as stressed on the value of social inclusion,
the role of international collaboration, social innovation, and the private sector in

advancing the development of nature-based solutions.

HE Al Tayer delivered the opening remarks for the session. The session was
moderated by David Ramos – Senior Sustainability Manager, HSBC Bank Middle East;
along with other prominent members including

HE Hussein Makhlouf, local Administration and Environment Minister of the Syrian Arab
Republic, HE Ahmed Buti Al Muhairbi, Secretary-General of the Dubai Supreme Council

of Energy, Dr. Mostafa Foda – National Focal Point for Convention of Biodiversity in
Egypt, Waleed Salman, Vice Chairman of WGEO and Abdulrahim Sultan, Director-
General of WGEO.

HE Saeed Mohammed Al Tayer, Chairman, WGEO, in his speech said: “The world

is witnessing major crises across all sectors due to climate change, which has caused
natural disasters in various regions worldwide. Europe experienced its worst drought in
at least 500 years, shrinking water levels in key rivers. One third of Pakistan was
completely and deeply flooded with rainwater bringing widespread destruction and

misery. The Sixth Assessment Report of the Intergovernmental Panel on Climate
Change indicates that climate change will impact water quality and availability. Globally,
800 million to 3 billion people are projected to experience chronic water scarcity due to
droughts at 2°C warming. This calls for climate action at all levels, to protect economies,

livelihoods, and ecosystems.”

https://www.zawya.com/en/press-release/government-news/he-saeed-mohammed-al-tayer-
underlines-wgeos-collaboration-with-global-stakeholders-to-discuss-role-of-green-economy-in-nature-
based-solutions-at-cop27-xemd0g3g