Page 32 - WGEO PR REPORT - November-December 2022

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.

https://totaluae.com/news/emirates-news-agency-al-tayer-underlines-wgeos-collaboration-with-global-
stakeholders-to-discuss-role-of-green-economy-in-nature-based-solutions-at-cop27/