UAE Business: WGES 2022 to encourage investment tie-ups in green projects – Gulf Digital News

UAE Business: WGES 2022 to encourage investment tie-ups in green projects – Gulf Digital News

The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green projects and financing. It will promote investment and employment opportunities provided by the green economy.

During the Summit, several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers, official dignitaries from government organisations, academia, experts and the media, will discuss promising opportunities and investments for the public and private sectors.

These opportunities would enable them to find innovative solutions and financial tools that promote clean and renewable energy projects, sustain growth and drive the global economy towards greater prosperity.

Green investment

WGES 2022 supports the UAE’s efforts to increase green investment. This is through gathering decision-makers and investors in one place on the land of the UAE. This supports the UAE’s endeavour in enhancing green funding. The UAE is the first country to develop the Green Key Performance Indicators. It focuses on three dimensions (environmental, economic and social) of sustainable development. The KPIs include green jobs, Emiratisation, innovation, human development, ecological footprint, and green vehicles.

The UAE committed $400 million to enable the transition to clean energy for developing nations, that will positively impact 100 million African