WGES ends with announcement of the ‘Sixth Dubai Declaration’

Business Bureau, Gulf Today

The 6th World Green Economy Summit (WGES) concluded on Monday on positive note. The summit brought together many prominent speakers from across the globe, in addition to dignitaries and representatives from government organisations, academicians, experts and the media.

Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, MD & CEO of Dubai Electricity and Water Authority (Dewa), and Chairman of WGES, announced the Dubai Declaration 2019 at the conclusion of WGES 2019, expressing his gratitude and appreciation to His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Prime Minister of the UAE and Ruler of Dubai for his patronage of the Summit. He also thanked Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity & Water Authority for his presence at the opening ceremony of the summit.

Al Tayer said: “While we are concerned by the effects of climate change, we are optimistic, that together we can accelerate the engine of green economy transformation. This Summit is a testament of the same. It focused on the progress made to realise the Sustainable Development Goals (SDGs) 2030. In the UAE, several key initiatives have accelerated the pace of a green economy. Transformational projects such as the creation of solar power plants, adoption of electric cars, digitisation, supporting infrastructure as well as the construction of sustainable, low-carbon urban communities across the UAE demonstrate that the country can continue to achieve progress and lead its initiative to be a global capital of green economy.”

“Every year, several new initiatives in the UAE take shape that support effective transition towards a green economy. The launch of Dubai Green Fund was one of our key achievements. This year, the Summit witnessed the introduction of Dubai Sustainable Finance Working Group that will align the local finance sector’s key initiatives concerning the environment in the local and regional markets,” Al Tayer added.

Al Tayer further said: “The Summit also highlighted the importance of international cooperation in addressing global challenges and promoting sustainable development worldwide. The establishment of the Regional Cooperation Centre (RCC) for Middle East and North Africa, as well as hosting of Regional Ministerial Conferences by World Green Economy Organization (WGEO) on Green Economy to enhance cooperation between the countries of the world is a testament of global efforts to march towards a sustainable future.”

He added: “WGES 2019 also highlighted the necessity to adopt green innovative solutions, and looked into ways that could spur innovation for sustainable development and economic growth. The UAE has been at the forefront of countries to adopt innovative solutions, and as far as Dubai’s endeavours in innovation are considered, the launch of the first pumped-storage hydroelectric power station at Hatta in the Middle East and North Africa (Mena) is an exemplary model of innovation to power green economy. In this project, water stored in an upper reservoir at the Hatta Dam, will be utilized through pumped storage, a new form of technology with solar-powered pumps.

“Additionally, the fourth phase of the Mohammad Bin Rashid Al Maktoum Solar Park, the world’s largest single-site investment project in Concentrated Solar Power (CSP), which is built on the Independent Power Producer (IPP) model, and will include the world’s tallest solar tower, standing 260 metres, has recently achieved the lowest Levelised Cost of Electricity of 2.4 cents per kilowatt hour (kWh) for the 250MW photovoltaic solar panels technology and 7.3 cents per kWh for the 700MW CSP technology, the lowest worldwide, making it another form of innovation at its best,” Al Tayer noted.

Also, during the second day of the conference, Julia Gillard, Former Prime Minister of Australia delivered a keynote speech, saying, “We are in an era of change that accepts gender equality; however, it is still quite unusual for women to take important positions into areas of leadership, politics, businesses, law, innovation, etc. But I also believe that if a woman makes it through, then she sets profound role model implications for generations to follow.”

“Women, just like men are working collaboratively towards a green economy. As much as women’s contribution is important, it is equally imperative to educate them for positive results. As per statistics, if every girl today gets secondary education, population will go down by 2 billion people. I believe the most effective investment to change our climate is to educate girls because educated girls will make a positive difference towards sustainability,” she added.