As nations around the globe find their focus in defining the principles of the alignment with the Paris Agreement, one fact has become crystal clear: transition into green economy will not be realized without the involvement of all state and non-state parties alike.
Governments by themselves, cannot do all that is needed to both increase energy efficiency globally and advance a green economy agenda. We cannot wait for the system to change through normal cycles. We have to accelerate the process.
Scientists, engineers and entrepreneurs have potential and skills, but they need resources of leading investors with experience in driving innovation from the lab to the marketplace.
Business has a critical role to play as a source of investment and as a driver of technological development and innovation, not to mention as an engine for economic growth and employment to ensure the success of the Paris Agreement.
World Green Economy Organisation (WGEO) was launched by HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai at the World Green Economy Summit on 5 October 2016. WGEO has already achieved the strong support of the Government of Dubai and the United Nations Development Programme.
The World Green Economy Organisation (WGEO), headquartered in Dubai, will serve as a global green economy platform and think tank. The Organisation will pioneer a new way of promoting green economy by facilitating and showcasing innovative projects, partnerships, technologies and providing guidance on green finance. This will support WGEO’s objective in creating an internationally-recognised and sustainable organisation, furthering ideas and practices in the realm of sustainable development.
The message of green economy will be showcased worldwide through the following seven platforms
The World Green Economy Organisation fosters strong partnerships between governments, international organizations, the private sector and civil society, that we believe are indispensable to address climate change challenges, as they emerge from the fourth industrial revolution.
World Green Economy Organisation (WGEO) is the latest expression of this new vision. Officially launched by HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai in Dubai on 5 October 2016 at the World Green Economy Summit, it is intended to serve as a global green economy platform and think tank, facilitating and showcasing innovative projects, partnerships and technologies, and providing guidance on issues related to market opportunities.
In addition to policy advice, technology and information dissemination and public officials’ capacity building, WGEO also focuses on promoting green finance across key segments of the banking system, connecting the private sector to more modern business models, generating new investments for the business community, developing larger employment opportunities for our markets and providing tailor-made government policies to honor our commitments in Paris. Since 2014, Dubai has already taken a leading role in promoting a larger climate change alliance, boosting investments in renewable energy, pioneering greener energy policies, hosting the annual World Green Economy Summits, and producing the annual State of Green Economy Report. This is a tribute to the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transform Dubai into a global capital for the green economy and green financial services.
It is not by chance that the headquarters of this new organization, WGEO, is established in Dubai, UAE. Despite having large oil and gas reserves, the UAE has long pioneered a redefinition of its energy policy, anticipating some of the commitments emerging from the Paris agreement.
In its core strategy, WGEO is the first international organization to reflect a new partnership between governments and multiple stakeholders to manage programs, raise funds for program expansion and exchange green economy experiences as widely as possible.
World Green Economy Organisation (WGEO) will closely partner with governments both in developed and developing countries; with the banking system; the UN and other agencies active on green economy and related themes; with global, regional and national foundations, national think tanks and institutes, with academia and with civil society organizations.
While investing in energy efficiency and renewable energy are obvious areas of concentration, WGEO supports promotion of smart city platforms; more efficient road and rail transport systems; more-effective use of limited water supplies including drip irrigation in agriculture; modern sanitation and waste disposal processing systems; support efforts to reduce food insecurity, and assist countries in climate resilience and disaster preparedness planning.
Even here, the achievements of Dubai and other governments, will form a key part of the transfer of technologies and experiences between countries that WGEO will facilitate.
World Green Economy Organisation (WGEO) would serve as a hub for generating new solutions to climate change, sustainable energy, water and other environmental challenges, lowering the risk of green economy investments, and supporting international cooperation in technology and finance.
For maximum global impact, we have partnered with UNDP and its development and knowledge network of 132 Country Offices and five Regional centers, covering 177 countries. It is a partnership that will help WGEO to disseminate green economy practices and technologies, minimizing operational costs and replicating successful practices.
Innovative technologies have a critical role to play in addressing our energy requirements, feeding the world, and producing goods with a lower carbon footprint. A green economy approach that reduces inequalities and fosters multiple social, economic, and environmental benefits, will be the ultimate goal of WGEO, as a key provider of technical assistance to recipient countries and, in particular, developing countries.