World Green Economy Forum Launched in Dubai

Why in the news?

  • Launched in Dubai under the patronage of Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE.
  • Forum theme: “Empowering Global Action: Unlocking Opportunities and Advancing Progress.”
  • Focus on international cooperation and innovative solutions for climate change and sustainability.

World Green Economy Forum Launched in Dubai

Key Sessions:

  • International Cooperation for Climate Mitigation:
  • Led by Luma Saqqaf, Director for the Middle East, Africa, and India at Principles for Responsible Investment.
  • Emphasis on integrated approaches to achieving Sustainable Development Goals (SDGs).
  • Decarbonising Energy-Intensive and Hard-to-Abate Industries:
  • Focused on reducing carbon emissions in transport, construction, energy, and chemicals sectors.
  • 4Ps: Adding Philanthropists to Public-Private Partnerships (PPP):
  • Discussed the collaboration between philanthropists, public, and private sectors for effective climate solutions.
  • AI for Sustainability:
  • Explored potential applications of artificial intelligence in fostering a sustainable future.

Key Topics:

  • Power grid integration challenges.
  • Measuring and reporting carbon footprints.
  • Decarbonization across industries.

Aviation and Green Economy: Panel on Sustainable Aviation Fuel (SAF) goals:

  • Aim to scale up SAF production from 200,000 tonnes to 300 million tonnes by 2050.
  • UAE target: 1% SAF use by 2031.
  • Emphasis on CO2 sources for SAF production, stakeholder collaboration, and capital investment.
  • Role of Youth: Highlighted as essential in shaping long-term environmental progress.
  • Outlook: Positive reception of collaborative efforts and innovative solutions, setting a hopeful tone for the next day of discussions focused on climate action and sustainable development.

Associated article:

https://universalinstitutions.com/world-economic-forum/