Page 29 - WGEO PR REPORT - November-December 2022

11/17/22, 1:25 PM Al Tayer underlines WGEO’s collaboration with global stakeholders to discuss role of green economy in nature-based solutions at COP27 …
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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