As part of the 'We Are the Emirates 2031' vision, the UAE cements the green economy as a cornerstone for sustainable development, implementing circular economy policies and fostering global partnerships for a flexible and eco-friendly economic model
The United Arab Emirates (UAE) embraces the green economy as a central tenet of its forward-looking knowledge-based model, integral to the "We Are the Emirates 2031" vision. In a strategic move towards sustainable development, the UAE has positioned the green economy as a pivotal axis in its economic journey, propelling several ongoing initiatives aimed at building a resilient and sustainable economic model for the future.
The commitment to accelerating green growth aligns with the country's vision for 2031, reflecting a paradigm shift towards a more environmentally conscious and resource-efficient economic framework.
The circular economy policy is at the forefront of these initiatives, a crucial component that contributes to establishing a sustainable and resource-efficient financial system. This policy aims to rationalise resources, lean on clean energy sources, and mitigate reliance on wasteful practises, pollution, and carbon emissions.
Highlighting the significance of these initiatives, HE Abdulla bin Touq Al Marri, Minister of Economy, asserted, "Accelerating green growth represents an important path in the country's economic journey and several ongoing initiatives to build a flexible and sustainable economic model for the future."
The upcoming summit will feature a dedicated session on 'Green Policy,' focusing on global carbon markets, national and institutional approaches, sustainable development goals, and fair green transition policies. Another session, centred on 'Green Financing,' aims to ensure balanced financial access to low- and middle-income countries, address investment risks, explore financing techniques, and evaluate the global economic landscape, along with solutions provided by private sector entities.
The 'Green Technologies and Innovation' session will delve into transformative technologies and solutions facilitating the transition to a green economy. Topics under consideration include deep-sea mining, artificial intelligence (AI), hydrogen, electric vehicles, carbon capture and storage, and urban innovation.
Simultaneously, the 'Green Energy' session will explore potential risks and challenges to energy supplies, emphasising the seamless transition to green energy. Crucial topics to discuss include the interplay between water, food, and energy, solar energy in low- and medium-income economies, the pivotal role of oil and gas companies in energy transition, and other factors pertinent to leading energy industries.
To foster global collaboration, the 'Green Partnerships' session will explore prospects for cooperation between international organisations supporting the Global Alliance on Green Economy, the financial industry, cities, educational institutions, youth, and civil society. This collaborative approach aims to leverage collective efforts towards achieving a sustainable and eco-friendly future.