Tuesday 18 September 2018

Saeed Mohammed Al Tayer

World Green Economy Summit to highlight role of innovation

DUBAI, September 19, 2017

The fourth World Green Economy Summit (WGES) 2017 in Dubai next month will highlight the role of innovation and technology in the transformation towards the green economy.

The event will be held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on October 24 and 25 at the Dubai International Convention and Exhibition Centre.

WGES is organised by Dubai Electricity and Water Authority (Dewa), and the World Green Economy Organisation (WGEO) in collaboration with global partners and will focus on ‘Driving innovation, Leading change’.

WGES 2017 will discuss innovative clean energy solutions that are economic, efficient and reliable and focus on innovative technologies and solutions that will shape the future of the green economy. In particular, it will highlight the role of the global digital transformation, and its impact on major economic, social and environmental challenges.

 “Technological innovations in renewable and clean energy are arguably the lifeblood of a sustainable economy. The UAE Vision 2021 and Dubai Integrated Energy Strategy 2030 is a reflection of the careful preparation and thinking which is going into our country’s rapid transition to support a green economy,” said Saeed Mohammed Al Tayer, vice chairman of the Dubai Supreme Council of Energy in Dubai, and chairman of WGES.

“Technological innovation is essential for a transition to a green economy. Crucial to the continued success of organisations in the Middle East and the region, it is key to the future of the UAE, the wider region and indeed the global economy. As such WGES 2017 will ensure that the Summit serves as a strategic platform to provide the best-in-class strategies to meet the green goals,” added Al Tayer.

WGES 2017 will also bring to focus how investing in energy and environmental R&D is not enough. Only a small share of the key inventions that are aimed at addressing climate change emerge from energy or environmental R&D. As such, R&D in fields such as material sciences and engineering are much more important sources of scientific research for green technologies. Similarly, carbon taxes are not enough to stimulate green innovation. Putting a price on carbon is very important for incremental improvements to clean tech, but does not necessarily lead to breakthrough innovations. Public and private investment in research is also needed to drive long-term green innovation, a statement said.

WGES 2017 will be held in conjunction with the 19th edition of Water, Energy, Technology and Energy Exhibition (Wetex 2017) and the 2nd edition of Dubai Solar Show 2017, as part of the Green Week activities in Dubai. – TradeArabia News Service

Tags: Dubai | innovation | Green | WGES |

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