The transformation to a green economy needs fundamental cooperation of both the private and public-sector leaderships, and this responsibility will be highlighted at the annual World Green Economy Summit (WGES 2018). WGES will encourage political and corporate leaders to exchange views on how to best use their authority to engage society in the green economy, by introducing progressive policies and incentives, changing individual behaviour and consumption patterns, or raising environmental awareness.
WGES 2018 is happening at a time there is an increasing awareness on sustainability issues. More than 8,000 participating companies and 4,000 non-business participants have already embraced the commitments of the UN Global Compact as they committed voluntarily to manage their operations in a responsible manner and to integrate sustainability in their strategies.
“The UAE has pioneered in setting an ideal model for public-private partnerships through the development of legislations, which enhanced investment opportunities in infrastructure projects and improved quality of services. This model has contributed in increasing the collaboration between government and private sectors. In addition, Dubai has developed a strong regulatory framework via Regulatory & Supervisory Bureau (RSB) for Electricity & Water to encourage private investment through Independent Power Producer (IPP) model. Thanks to this model, Dubai has achieved the lowest prices for electricity generation through solar energy in the world,” said HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and Chairman of WGES.
“We acknowledge the role of the private and public-sector in sustainable development. And as we move closer to a resource-efficient economy, it is important that leaderships from both the sectors contribute positively to boost investments in research and development and innovation and technology. WGES 2018 aims to set goals for private-public sector leaderships that will allow them to undertake sustainable initiatives in pursuit of a green economy,” said HE Al Tayer.