⇒ Union Minister of Environment, Forest and Climate Change, Shri Bhupender Yadav attended the Ministerial Roundtable for Green Economy at the World Green Economy Summit at the World Trade Center in Dubai, UAE on 28 September 2022.
While speaking at the Roundtable:
» Union Minister stressed the importance of addressing environmental and climate objectives alongside economic development and further stated that accelerating low carbon transition across different economic sectors is the need of the hour.
» The Union Environment Minister stated that India is the first country with a cooling action plan based on energy efficiency and thermal comfort, and has launched important initiatives including UJALA Yojana and schemes for industrial energy efficiency. India’s ambitious renewable energy progress was also mentioned.
» On climate finance, Shri Yadav stated that Glasgow Financial Alliance for Net Zero estimates a requirement of USD 100 trillion of finance for global net zero by 2050. But, Developed countries have failed even in mobilizing the amount of USD 100 billion per annum by 2020, and India’s NDCs are thus largely financed by domestic investment.
» After the Roundtable, The Union Minister also had a bilateral meeting with Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade.
- In the meeting, they discussed issues relating to COP 27, COP 28, MoU on Climate Actions between India and UAE, and global initiatives spearheaded by UAE and India for combating climate change.
About World Green Economy Summit 2022:
The World Green Economy Summit, aims to propel action to deliver a sustainable future.
» The 8th WGES focused on developing investment partnerships in green projects and financing.
Theme:
The World Green Economy Summit 2022 was based on the theme of Climate action leadership through collaboration: the roadmap to net-zero.
Thematic Pillars:
- Energy: Decarbonising Energy Systems
- Finance: Mobilising Investment for Green Growth
- Food Security: Building Resilience & Sustainability into Value Chains
- Youth: Empowering the Next Generation to Drive Positive Change