Page 34 - WGEO PR REPORT - November-December 2022

11/17/22, 1:32 PM Al Tayer Underlines WGEO's Collaboration With Global Stakeho... | MENAFN.COM
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.

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.

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 Hussein Makhlouf, local

Administration and Environment Minister of the Syrian Arab Republic, 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.

Al Tayer, 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.”

Al Tayer further stated,“What is needed today is solutions that address several

challenges at once. Transitioning to a 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

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