Page 786 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/16/24, 10:28 AM World Green Economy Summit 2024 concludes
for producing 1.4 million tonnes of low-emission hydrogen per annum by 2031 and increasing
production to 15 million tonnes annually by 2050. Both strategies are main enablers of the UAE's
Net-Zero by 2050 target."

"At the Ministry, we believe our mandate areas - energy, infrastructure, transport and housing - are at
the heart of the shift to green economy as they present multiple opportunities for deep

decarbonisation. We are taking confident steps to reduce the carbon footprint of these sectors and
enhancing their sustainability. Globally, greening these sectors is a huge challenge but here, in the
UAE, it is an opportunity for environmental and economic gains. We stand ready to share our
experiences with the world," Al Mazrouei added.

The Minister noted that year after year, WGES proves to be a driving force behind the global shift to

green economy and expressed his confidence that this edition will be a distinctive addition to a long
streak of successful summits.

Reem Al Hashimy, UAE Minister of State for International Co-operation and CEO of the Expo City
Dubai Authority, said, "At Expo City Dubai, we are committed to setting new standards in
sustainable development, actively supporting our nation's net-zero targets as we transform from
hosts of the World Expo and COP28 into a vibrant community that balances the needs of people and

businesses with environmental stewardship. We firmly believe in the power of collaboration and
recognise the significance of the 10th World Green Economy Summit as it continues to drive global
action towards a greener future."

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, stated, "The United Arab
Emirates has been a consistent champion of the opportunities presented by the transition to a green

economy, from new energy sources to more sustainable industries and supply chains. The World
Green Economy Summit is the embodiment of this commitment and, in its 10th year, it will again
gather policymakers, researchers, industry experts and innovators to advance the development of
solutions that will not only lead to a cleaner, smarter and more efficient global economy but pioneer

new means of value-creation for the benefit of us all."

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