World Green Economy Summit 2024 highlights critical role of green finance in enhancing climate resilience

Israel launches Pearl Harbour-type attack on Lebanon Ceasefire was the only way to prevent wider war in Mideast Violence flares in Mideast, war being waged across multiple fronts WAM DUBAI,22nd September, 2024 (WAM) – The 10th edition of the World Green Economy Summit (WGES), organised by the Dubai Supreme Council of Energy, Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organisation (WGEO), places a special focus on climate finance as a central theme. Recognised as a key driver for enhancing climate resilience, climate finance will be a primary topic of discussion among global leaders, experts and specialists in green finance. Amid the escalating climate challenges the world is facing, the role of climate finance in bolstering resilience across different regions has become increasingly vital, particularly for the most vulnerable countries. Adequate funding is essential to support mitigation and adaptation initiatives, empowering these countries to manage the effects of climate change while advancing sustainable development. According to the Global Landscape of Climate Finance 2023 report by the Climate Policy Initiative, global investments in climate projects rose to USD 1.3 trillion between 2021 and 2022. However, to achieve the 1.5C target set by the Paris Agreement, these investments need to increase fivefold. As a leader in global climate action, the UAE has taken a prominent role in driving efforts to mobilise climate finance through a range of global initiatives that advance the global climate agenda and strengthen international co-operation in environmental sustainability and supporting the green transition. “The World Green Economy Summit has established itself as a cornerstone of the global climate movement and a premier platform for discussions on various green transition issues. The 10th edition of the summit builds on the outcomes of the United Nations Framework Convention on Climate Change (COP28), hosted by the UAE […]

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