The Global Alliance on Green Economy by the UAE Government and WGEO

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The Global Alliance on Green Economy by the UAE Government and WGEO

Transitioning to a green economy aims to achieve economic development while nurturing and protecting the environment. Legislations, regulations, investments, and coordination are needed for countries to green their economic development, while also moving towards a low-emission and resilient future. Many global, regional, and national efforts are being planned and implemented to accelerate towards the path of sustainable development, however, linkages and synergies with growth and GDP are still scarce. Most importantly, linkages with the Paris Agreement goals, as well as its corresponding articles on climate planning and climate finance, are crucial synergies that should be made in the green economy transition, as solutions and challenges are similar.

In this respect, the Global Alliance on Green Economy, spearheaded by the UAE Government and the World Green Economy Organization (WGEO), aims to build countries’ capacities in transitioning to a green economy through technical and technological assistance, establish a support platform for matchmaking, and enhance country exchanges.

Objectives

Build countries’ capacities in transitioning to a green economy through technical and technological assistance.
Establish a support platform to match project developers and finance providers.
Enhance country exchange on implementations, best practices and lessons learned

Countries who join the Alliance will benefit from access to finance for green economy projects, regional level engagement on policy and technical matters, innovation and learning opportunities for youth to drive the transformational change needed to reshape our economies and investments, and capacity-building to advance low-carbon and resilient development in priority sectors of the economy, to accelerate green economy action to achieve the Sustainable Development Goals (SDGs) and the implementation of the Paris Agreement.

Background

The Global Alliance on Green Economy was launched during the Ministerial Roundtable on Green Economy at the World Green Economy Summit 2022 in Dubai, UAE. The aim of the Ministerial Roundtable on Green Economy at WGES 2022 was to consult with countries on the immediate needed next steps to transition to a green economy. The session also made the necessary linkages with the Paris Agreement and 2030 Agenda for Sustainable Development, as the mechanisms to finance and implement them are relevant. This harmonization was essential in the lead-up to COP27 in Egypt, and COP28 in the UAE. Ministers, high-level officials from governments, international development agencies and youth attended the Roundtable at WGES 2022.

Process for Joining

Membership to the Global Alliance on Green Economy is open to all UN member States and Parties to the UNFCCC. The WGEO Secretariat is happy to address requests for information or clarifications regarding the Alliance.

Countries are therefore invited to join the Global Alliance on Green Economy, as a catalyst initiative to green economies, promote sustainable growth, and adapt to climate change.

For more information on joining the Global Alliance on Green Economy, please contact secretariat@worldgreeneconomy.org and alia.busamra@worldgreeneconomy.org.