Dubai to host third annual World Green Economy Summit

WGES 2016 was officially launched at the World Climate Summit at the Hotel Potocki in Paris on 6 December 2015 during COP21 and is a key institutional partner to the World Climate Summit.

In addition to the launch of the WGES, the State of Green Economy Report was handed over to president Ólafur Ragnar Grímsson of Iceland by Saeed Al Tayer, MD and CEO of Dubai Electricity & Water Authority (DEWA), and in the presence of Dr Sultan Al Jaber, UAE Minister of State.

As the leading go to green event for global leaders, the WGES 2016 will focus on strengthening its position as the world hub for green business with more than 2,500 delegates, creating the largest concentration of green public-private partnership initiatives. Outcome driven, WGES 2016 will lead Dubai to stand as the international capital of the green economy.

Commitments of summit

The outlined commitments of the WGES 2016 include:

• Foster innovation, and push the development of technologies into scalable solutions and projects, particularly in the solar energy sector.
  
• Facilitate the creation of public-private partnerships, in the context of implementing the new Paris agreement.
  
• Support innovative green financing solutions, and assemble international best practice for green finance at the WGES.
  
• Further the development of a regulatory framework, conducive to a green economy.

Saeed Al Tayer has handed over the Paris Solutions Agenda to Nicolas Hulot, special envoy to the French presidency for the protection of the planet, in contribution to the Lima Paris Action Agenda. The Paris Solutions Agenda details Dubai's contributions to the global climate change agenda COP21.