• Overview

    The World Green Economy Summit (WGES) 2024 stands as a key platform for advancing green economy initiatives and fostering sustainable development worldwide. This summit provides a unique opportunity for stakeholders from around the globe to reflect on the outcomes of COP28 and explore pathways to implement more ambitious Nationally Determined Contributions (NDCs) by COP30.

    WGES 2024 strategically aligns its agenda with the UAE Consensus and other key outcomes from COP28. Central to this alignment is the focus on transitioning energy systems away from fossil fuels in a just and equitable manner, a key theme in the UAE Consensus. The summit emphasizes renewable energy, decarbonization efforts, and practical steps to meet global climate goals.

    Additionally, WGES leverages the decisions made at COP28, such as the Sharm el-Sheikh mitigation ambition, using them as a framework to guide discussions and initiatives. This ensures that the outcomes of WGES are in sync with international climate action efforts.

    The summit also supports the newly established Troika (UAE, Azerbaijan, Brazil) by offering a platform for initiatives aligned with Mission 1.5, aimed at enhancing NDC implementation.

    Event Approach: The Matrix and Post-WGES Actions

    The summit spans two days and features a matrix approach to programming. This approach allows for multiple thematic sessions running concurrently, each focused on solution-oriented discussions. These sessions will help shape the final report and position WGES and the World Green Economy Organization (WGEO) as instrumental in implementing and measuring green economy initiatives.

    Key topics addressed include:
    • Challenges and Opportunities
      for the Green Economy
    • Sectoral Analysis
    • Solutions and Systems
      Transition

    The program also includes capacity-building laboratories, with a focus on NDC-related training, ensuring that participants leave with actionable knowledge and skills.

    Thematic Focus Areas

    Sustainable Finance

    Emphasizing the role of finance and investment in accelerating the transition to a low-carbon economy.

    Innovation and Technology

    Highlighting the latest advancements in green technology and their role in sustainable development.

    Green Energy

    Showcasing renewable energy solutions and strategies for a clean energy transition.

    Climate Action

    Addressing the urgent need for climate action and the roles of governments, businesses, and individuals in reducing emissions.

    Supporting the Troika

    WGES 2024 collaborates with the UAE-led Troika to host events under its program of work. This partnership focuses on capacity-building activities designed to support the implementation of more ambitious NDCs, with particular emphasis on the strategic goals outlined in Mission 1.5.

    NDC Labs and Capacity Building

    WGES 2024 will feature specialized labs aimed at enhancing NDC ambition. These labs will:

    • Showcase Success Stories

      Present successful case studies from countries that have already implemented ambitious NDCs.

    • Facilitate Knowledge Sharing

      Offer a platform for countries to exchange experiences and learn from each other’s challenges and successes.

    • Organize Capacity Building Workshops

      Provide training on technical aspects, financial mechanisms, and stakeholder engagement.

    • Encourage Partnerships

      Foster collaborations between governments, businesses, and civil society to support NDC implementation.

    • Host Policy Dialogues

      Engage key stakeholders in discussions to overcome barriers and enhance climate ambitions.

    • Facilitate Financial Support Discussions

      Focus on climate finance and its critical role in supporting developing countries.

    • Provide Technical Assistance

      Support countries in setting and achieving ambitious climate targets.

    These strategies will help participants develop more ambitious NDCs, advancing global climate action in line with the Paris Agreement.

    Post-Summit Actions and Accountability

    To ensure that the commitments made during WGES 2024 translate into real actions, the World Green Economy Organization (WGEO) will:

    Establish a Monitoring Mechanism

    Track and evaluate progress on commitments.

    Ensure Regular Reporting

    Implement a system for participants to report on their progress.

    Engage with Stakeholders

    Continue to involve stakeholders in follow-up activities to sustain momentum.

    Recognize Achievements

    Offer recognition and incentives to encourage ongoing commitment.

    Facilitate Peer Review and Collaboration

    Promote mutual learning and joint initiatives among participants.

    Collect Feedback and Conduct Evaluations

    Use feedback to assess the impact of the summit.

    Organize Follow-Up Events

    Keep the conversation and momentum going with additional events and initiatives.

    These measures will help ensure that WGES 2024 drives tangible progress toward a more sustainable and green global economy.

    © 2024 WGEO- World Green Economy Organization. All Rights Reserved.

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