The 10th World Green Economy Summit (WGES), set for October 2-3, 2024, at the Dubai World Trade Centre, will emphasize climate finance as a key driver in the global effort against climate change and towards sustainable development. This focus is timely, as current investments in climate projects, though rising, are insufficient to meet the Paris Agreement's ambitious targets. The Global Landscape of Climate Finance 2023 report notes an increase to USD 1.3 trillion in climate investments from 2021 to 2022, yet experts argue that a fivefold increase is necessary to align with the Paris Agreement's objectives.
The United Arab Emirates, through its leadership in global climate action, is at the forefront of mobilizing climate finance, aiming to enhance international cooperation and support the green transition. Saeed Mohammed Al Tayer, a prominent figure in the UAE's energy sector, underscored the summit's significance in the global climate movement, building on the momentum from COP28 and the UAE Consensus. These efforts have laid a foundation for ambitious international climate action, including the UAE Framework for Global Climate Resilience, designed to bolster adaptation strategies and sustainable development goals.
WGES 2024 will convene leaders and experts in green finance to explore strategies for closing the investment gap, fostering collaboration between developed and developing nations, and leveraging financial mechanisms to mitigate climate change impacts. The summit's focus on climate finance addresses the urgent need for resources in vulnerable countries to implement effective mitigation and adaptation measures, highlighting the essential link between economic development, environmental sustainability, and climate resilience.
For those interested in participating, registration is available at https://www.wges.ae. This event represents a critical opportunity for stakeholders in climate finance, sustainable development, and environmental policy to engage in discussions that could shape the future of global climate action.
