Inspired by the growth of digital technologies and artificial intelligence (AI) in boosting the economy, the annual World Green Economy Summit (WGES 2018) to be held in Dubai, UAE, will focus on developing the digital economy and integrating it with the green context.

The event will take place on October 24 and 25 at the Dubai International Convention and Exhibition Centre and 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.

The summit is organised by Dubai Electricity and Water Authority (Dewa) and the World Green Economy Organisation (WGEO) in collaboration with international partners under the theme ‘Driving Innovation, Leading Change’, said a statement from the organisers.

WGES is a strategic platform to share and exchange knowledge and bring to focus new technologies that drive the growth for a green economy including improvements in energy efficiency, energy conservation and waste reduction.

Saeed Mohammed Al Tayer, vice chairman of the Dubai Supreme Council of Energy in Dubai and chairman of WGES, said: “The summit will keep abreast of the rapid changes in technology and its futuristic advancement especially the fourth industrial revolution and particularly digital and AI that are accelerating the pace of change.”

“Serving as the new growth drivers, these new forms of technology will not only transform the world, but also make disruptive changes towards creating a more sustainable economy,” he said.

Al Tayer continued: “Focusing on new mechanisms, including crypto currencies, blockchain technologies, robotics, machine learning and Internet of Things (IoT), WGES will discuss the role of technology and how it serves as an incentive to promote green economy.”

“In addition, the summit will also focus on the interplay between the digital transformation and its embedded innovation in the green transition initiatives. WGES will not only discuss the latest smart technologies and digital breakthroughs that promise to accelerate green growth and sustainable development, but also encourage participants to reflect on the need for building up digital skills to transition smoothly to a green economy,” he added.

Al Tayer said: “Digital technology is a major game changer that will empower the development of the world in terms of economic growth, environmental protection and public health. From drones to remote sensing machines and modern communication channels, these new forms of technologies not only improve efficiency of the resources, but also protect the environment.”

“As advancements in technology continue, it is important that we tap these innovative mechanisms for a green future, which is a win-win for the environment and the economy,” he continued.

Al Tayer stated: “While technology is an essential ingredient of green growth, private and public-sector involvement and financing is key to scale up these digital revolutions. By working together, these sectors can create a common platform for the exchange of ideas and expertise on green practices and technologies, generating greater prosperity for the environment.”

“As such, the event will serve as a strategic platform for all stakeholders of the green industry to connect and cooperate, whilst formulating strategies to boost a green global landscape,” he concluded.

WGES 2018 will focus on three main pillars, green capital, digital transformation, and leadership and social engagement. The event will gather financial executives, investment professionals, and thought leaders to discuss ways to increase green capital flows into regional and global environment-friendly projects and how to de-risk those investments.

While the summit will highlight emerging strategies along with innovative technologies, best practices and valuable insights, it will also offer participants an opportunity to learn and intensify knowledge from proven real-world case studies in the industry, it stated. – TradeArabia News Service