What does a green economy look like? That’s the question countries around the world are considering as they prioritize sustainable development, pushing for low-carbon economic growth, renewable energy, green transport, and other environmentally beneficial projects. 

The World Green Economy Summit (WGES), which kicked off on September 20 at the Dubai World Trade Centre, saw the launch of the Global Alliance on Green Economy to strengthen developing nations’ capacities, support their initiatives to transition to a green economy, and share best implementation practices. 

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, Saeed Mohammed Al Tayer, chairman of the World Green Economy Organization and MD and CEO of Dubai Electricity and Water Authority (DEWA), made announcements during a ministerial roundtable on the green economy. The summit was attended by about 25 ministers and representatives from various nations.

Al Tayer pointed out that the summit aims to promote a green way of life by guaranteeing a balanced relationship between economic growth, social prosperity, and environmental conservation.

“Pioneering the adoption of green economy principles and practices within sustainable development, resilience to climate change, and poverty eradication are paramount for us in the UAE. Advancing the green economy requires international cooperation, guaranteeing a new approach and a stable partnership among all stakeholders globally,” said Al Tayer.

“We truly believe this harmonization to be essential in the lead up to COP27 and COP28 in Egypt and the UAE, respectively. We will now be engaging with countries to identify their needs, priorities, and challenges in the context of the green economy during the next three months,” Al Tayer added.

The ministerial roundtable participants emphasized the significance of the alliance’s debut as a platform for coordinated international efforts, particularly during this time of extreme climate concerns.