The World Green Economy Organization (WGEO) unveiled the Financial Sector Platform, on Friday at the UN Headquarters in Beijing. The platform was launched with an objective to mobilize investments for energy efficiency initiatives and programs to support the shift toward a green economy.

WGEO was launched by Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of the UAE and ruler of Dubai in October 2016 and supported by the United Nations Development Programme (UNDP).
A delegation from WGEO lead by Saeed Mohammed Al-Tayer, chairman of WGEO, headed to Beijing for the official launch of the platform.

The Financial Sector Platform was launched in the presence of Al-Tayer; Mohammed Abdullah Al-Shamsi, charge d’ affaires of the UAE Embassy in China; representatives from UNDP; representatives from Asia Infrastructure Investment Bank (AIIB); officials from China Investment Association; and officials from the private and public sectors in China including representatives of Hanergy Holding Group, which is a multinational clean energy company; Huawei; and Harbin Electric Company.

The official launch event was followed by meetings with officials from the private and public sectors in China. Al-Tayer met Cui Yuying, vice minister, State Council Information Office; Yuan Yinghua, chairman of investment & financing committee in China Investment Association Project; and officials from Eco Forum Global China. The parties discussed during these meetings ways to enhance cooperation and exchanged expertise on green economy best practices.

“WGEO supports the vision of the wise leadership of the UAE, and in an endeavour to support and improve the environment and to facilitate easy access to green finance, we are pleased to announce the launch of the World Green Economy Organization’s Financial Sector Platform which will serve as a global forum to help raise sustainable finance, provide public and market leadership on green finance, and will further promote and advocate the UAE’s position as a leading global center for the provision of green financial and professional services,” said Al-Tayer.

The Financial Sector Platform is one of the most significant platforms of WGEO. WGEO is founded on seven platforms for a range of sectors. These include the Countries, Sustainable Cities, Academia, Organizations and Civil Society, Youth and Financial Sector.

The seventh platform of WGEO will be launched during the upcoming World Green Economy Summit (WGES 2017) set to be held on Oct. 24-25 at Dubai International Convention and Exhibition Centre.