Latest / DEWA Podcasts / WGES 2026 explores ways to support bankability for climate projects

Transcript

WGES 2026 explores ways to support bankability for climate projects · DEWA Podcasts

• 0:00
  Let me begin with the announcement itself. Under
• 0:02
  the patronage of His Highness Sheikh Mohammed
• 0:05
  bin Rashid Al Maktoum, Vice President and Prime
• 0:08
  Minister of the UAE and Ruler of Dubai, the Dubai
• 0:12
  Supreme Council of Energy, Dubai Electricity
• 0:15
  and Water Authority, and the World Green Economy
• 0:17
  Organization will organize the 12th edition of
• 0:21
  the World Green Economy Summit on 21st and 22nd
• 0:24
  October 2026 at the Dubai World Trade Center.
• 0:28
  The 12th edition, with a clear focus on supporting
• 0:32
  bankability for climate projects. The summit
• 0:35
  will concentrate on four main thematic pillars.
• 0:39
  Energy technology and infrastructure. Business
• 0:42
  strategy and transition. Water and food security.
• 0:46
  And finance. It will also address three cross
• 0:50
  -cutting themes. Artificial intelligence, governance
• 0:54
  and system enablers. And the finance pillar treats
• 0:58
  climate investment as an unprecedented opportunity
• 1:01
  for prosperity and economic growth. Consider
• 1:04
  the numbers. The Climate Policy Initiative estimates
• 1:07
  that at least US $6 .3 trillion in annual investment
• 1:12
  will be needed from now until 2030 to avoid the
• 1:15
  worst effects of climate change. Today, investment
• 1:19
  stands at around US $2 .3 trillion. A significant
• 1:23
  gap. That is why His Excellency Saeed Mohammed
• 1:28
  Al -Taya, Vice -Chairman of the Dubai Supreme
• 1:31
  Council of Energy, MD and CEO of Dubai Electricity
• 1:35
  and Water Authority, and Chairman of the World
• 1:38
  Green Economy Organisation said, and I quote,
• 1:42
  World Green Economy Summit aligns with the UAE's
• 1:45
  adoption of the green economy as one of the pathways
• 1:48
  to sustainable development. The summit serves
• 1:52
  as a platform to showcase to the world key milestones
• 1:55
  in the UAE's contribution to accelerating sustainable
• 1:59
  climate finance practices. These include the
• 2:02
  establishment of the Altera Catalytic Climate
• 2:05
  Fund and the UAE's contribution of US $100 million
• 2:09
  to the Loss and Damage Fund, launched in COP28.
• 2:14
  The UAE has also pledged US $200 million in special
• 2:19
  drawing rights to finance the International Monetary
• 2:22
  Fund's Resilience and Sustainability Trust and
• 2:25
  the new financial framework, in addition to establishing
• 2:29
  the Dubai Green Fund. World Green Economy Summit
• 2:32
  supports the UAE's position as one of the region's
• 2:36
  most active countries in issuing green sukuk
• 2:39
  and bonds and promoting green financing solutions.
• 2:42
  So the summit's message is clear. Aligning finance,
• 2:46
  business strategy and cross -sector collaboration
• 2:49
  to accelerate the transition to a sustainable
• 2:51
  and resilient green economy. And to help climate
• 2:55
  projects progress from concept to implementation.
• 2:58
  Agreed. The World Green Economy Summit. 21st
• 3:03
  and 22nd October 2026 at the Dubai World Trade
• 3:07
  Centre.