1. What is the current outlook on the green economy in the UAE?

Within the ‘UAE National Agenda / Vision 2021’ and the ‘Initiative for Green Economy for Sustainable Development’ launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, the UAE has embarked on the journey to transition its
economy to a sustainable, green model. The Dubai Clean Energy Strategy sets new standards and aims to provide 75 per cent of Dubai’s energy from clean energy sources by 2050, making Dubai the city with the smallest carbon footprint in the world.

2. What is the renewable energy landscape in GCC countries?

GCC countries have invested heavily in the renewable and clean energy sectors, and provide promising opportunities for companies operating in these fields. IRENA has recently launched a market analysis which highlights the UAE’s aim to produce 24% of its energy mix from clean energy by 2021, while Saudi Arabia plans to produce 9.5 gigawatts from sustainable solutions by 2030. Qatar aims to produce 1.8 gigawatts from solar energy by 2020, while Bahrain is taking major strides to implement renewable energy. Adding to this, Kuwait is stepping up its efforts to generate 15% of energy consumption from renewable and alternative energy sources by 2030.

3. What are the key green projects in Dubai?

One of the most significant green projects is transforming Dubai into a smart city. The role of ICT infrastructure is vital in advancing the green economy through the improvement of services within the Emirate. Many of our projects are focused on developing this element in order to achieve the ambition of becoming the Capital of the Green Economy.

DEWA’s smart initiatives also include:

• Solar energy initiative for houses and buildings

• Smart meters and grids

• Advanced infrastructure and electric cars

4. Why was Dubai chosen as the location for the WGES?

Dubai has always been at the nexus of trade and movement of people and ideas, and is a crossroads between East and West. The Emirate is emerging as one of the world’s leading strategic business hubs, home to talent and creativity from around the world, and has developed into a thriving knowledge-based economy. Dubai’s government has a long-term strategic vision, which includes Smart City initiatives, and plays an active role in supporting initiatives to drive Dubai’s development as a green hub.Whilst Dubai is the ideal location to host WGES, our main focus is not just looking at Dubai’s green agenda, but global ‘green business’, connecting business and government, and bringing about a global green agenda.

5. How will WGES 2016 support the historical Paris agreement?

WGES and the Paris agreement carry several common goals. Parties to the U.N. Framework Convention on Climate Change (UNFCCC) reached a landmark agreement on December 12 in Paris, reaffirming the goal of limiting the global temperature increase to well below 2 degrees Celsius, while urging efforts to limit the increase further to 1.5 degrees. The Paris agreement sets a roadmap to help countries lower carbon emissions and adapt to the effects of climate change. It is a vital step to achieving sustainable development.

6. What is the relation between WGES and Climate Summit 2014 which was held in New York?

UN Secretary-General Ban Ki-moon invited 800 world leaders, from government, finance, business, and civil society to Climate Summit 2014 in New York to galvanize and catalyze climate action. The purpose of the 2014 Climate Summit was to raise political momentum for a meaningful universal climate agreement in Paris in 2015 and to drive trans-formative action to reduce emissions and build resilience to the adverse impacts of climate change. At WGES 2016, we will discuss this agreement and outline the importance of this step to help encourage all countries to deal with climate change as a top priority.

7. How is Dubai supporting United Nations Framework Convention on Climate Change COP 2022?

Results and recommendations from WGES 2016 will provide significant guidance and will add to the Post Paris Climate Deal and The Road to COP22 in Marrakesh agenda. It will enrich the United Nations Framework Convention on Climate Change COP 2022. WGES 2016 will also provide a great opportunity to sign agreements and partnerships with regional and governmental institutions, and develop new projects to achieve sustainable developments at all levels.

About The World Green Economy Summit

1. What is WGES?

WGES is an international platform and a strategic enabler for the global green economy agenda, bringing together the world’s most prominent green decision makers. WGES is a unique and much-needed platform that brings together governments, businesses and the finance community to forge global green business partnerships and find viable solutions to the challenge of transitioning to a green world economy WGES is held under the theme “Driving the Global Green Economy”.

2. What are the key topics under discussion at WGES 2016?

The summit, operating under the banner theme of “Driving the Global Green Economy”, will focus on how to drive the global endeavours to create and sustain a Global Green Economy whilst outlining and positioning the UAE’s vision for its own green agenda going forward. The programme will incorporate plenary sessions, breakout sessions and a wide selection of expert-led presentations, covering key topics including:

• Green Finance: How to mobilize sufficient global green capital
• Solar Energy: World energy game changers bringing about the solar revolution
• Smart, Happy & Green: Transforming cities through happy citizens
• Post Paris Climate Deal / Road to COP22 in Marrakech: Bringing the Paris deal from agreement to action
• Thought Leadership for the Green Economy: Making Initiatives out of targets for the green economy
• The Public Private Partnership Platform: The unique green economy match-making mechanism

3. What are the strategic goals of WGES 2016?

WGES 2016 strategic goals, which include:

• Maintaining WGES as the premier international platform for the Green Economy

• Following up on the commitments made through the Dubai Declaration

• Promote Dubai’s position as a global capital of green economy and sustainable development by raising the profile of key issues such as Clean Energy, The Green Fund and the development of

a dedicated Green Business Zone.

• Developing the WGES Public-Private Partnership and Green Economy Marketplace Platform and creating strong linkages to

the UN Climate Agreement 2015 through the Road to Marrakesh and Sustainable Development Goals for 2016.

4. How is the summit linked to the ‘Dubai Declaration’?

The Dubai Declaration was the most significant outcome of the World Green Economy Summit 2015: A pledge to make the summit a long-term development platform, with the aim of establishing Dubai as “The Capital of the Green Economy”.

The commitments made through this declaration will be followed up over the course of the coming year and serve as a point of departure for WGES

2016. Highlights from the Dubai Declaration include commitments to:

• Publish an annual State of Green Economy Report as a platform for discourse

• Developing WGES as a key global green-economy platform

• Establishing a Public-Private Partnership Platform to facilitate and showcase innovative projects, partnerships and technology

• Actively support initiatives and platforms launched out of WGES 2014

• Support the development of innovative financing mechanisms for green projects and investments

• Develop and showcase leading-edge green innovation

• Engage the youth in green-economy activities

5. You have recently launched “State of Green Economy report 2016”, what role this report will play in implementing the green economy?

The “State of Green Economy Report 2016” was launched at World Climate Summit in Paris, and it demonstrates the commitment of the UAE and Dubai to develop and implement green initiatives. It reflects our vision to build a green future for generations to come. This report is the first in-depth product developed to collate best practices that will contribute to knowledge sharing for the global good. The UAE wants to become a model of transformation, demonstrating that growing without eroding natural resources is feasible.

6. When will WGES 2016 be held?

WGES 2016 will be for the third year, under the patronage of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai and under the support of the Dubai Supreme Council of Energy and organised by DEWA and World Climate Limited in conjunction with Water, Energy, Technology, and Environment Exhibition (WETEX 2016) and the Green Week in the Dubai International Exhibition and Convention Centre over two days on 5th to 6th October 2016.

7. This year, WGES is being held under the banner “Implementing the Global Green Economy”, what does this mean?

In order to have a significant impact on climate change and the global green economy, it is not possible for people or countries to act alone – we all have a role to play. Last year, we focused on creating global partnerships to help bring about effective solutions whereas this year, we want to ensure that these solutions are implemented to ensure ‘real change’ is achieved.

8. Who are the key speakers at WGES 0216??

WGES brings together top speakers, including CEOs, business executives, entrepreneurs, philanthropic figures and national leaders, and includes interesting and relevant session topics and well framed discussions with international panelists.

Speakers include:

• Helen Clark, Administrator, UNDP

• H.E. Thani Al Zeyoudi, Minister of Climate Change, Government of UAE

• H.E. Reem Ebrahim Al Hashimy, Minister of State for Int. Cooperation, MD Dubai Expo 2020

• Ken Berlin, CEO, Climate Reality Project Daniel CALLEJA CRESPO, Director-General, EU

• Torben Moger Pedersen, CEO, PensionDanmark

• Mr. Mohamed Boussaid, Minister of Economy and Finance, Morocco

• H.E. Dr. Khaled Fahmy, Minister of Environment, Arab Republic of Egypt

• Gasem Al Shaikh, CEO, Petroleum, Chemicals & Mining Company Limited

More updates about confirmed speakers will be shared soon.

9. Why is green financing important?

Ensuring the mainstream adoption of green financing solutions will enable such projects to be developed more readily as a result of greater understanding of the sector which will lower risk and drive incentives to invest. Dedicated green financing ensures that resources can be put in place to plan, develop and execute sustainable and long lasting green projects that not only have an economic but also a positive social impact.

10. What is the PPP platform and why is it important?

The PPP platform is the manifestation of our global partnerships, sustainable future vision. The platform enables the effective creation of a green marketplace that can connect those governments who want to enact green projects with those in the private sector who have the expertise and the deep knowledge to make them become a reality. This not only has a positive impact on climate change but also a strong economic and societal impact through job creation, human capital development and knowledge transference.