Page 35 - WGEO PR REPORT - November-December 2022

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

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