Page 38 - WGEO PR REPORT - November-December 2022

Al Tayer underlines WGEO's

collaboration with global

stakeholders to discuss role of

green economy in nature-based

solutions at COP27

WAM
17th November 2022, 10:50 GMT+11
SHARM EL SHEIKH, 16th November, 2022 (WAM) - Saeed Mohammed Al Tayer,
Chairman of the World Green Economy Organization (WGEO), highlighted how the
organization is promoting effective discussions on nature-based solutions and its impact
on climate action during an engagement with stakeholders, at COP27, held from
November 6 to 18, 2022, at Sharm El Sheikh, Egypt.
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.
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 2C 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

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global-stakeholders-to-discuss-role-of-green-economy-in-nature-based-solutions-at-cop27