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World Green Economy Summit (WGES) 2017 to shed light on green financing for sustainable growth and development

In an effort to step up support for green financing and to leverage innovative finance systems, the fourth World Green Economic climate Summit (WGES) 2017, readied to be held on 24-25 October at Dubai International Convention and Exhibit Centre will highlight the function of funding and financial investment solutions in the transformation to the green economic situation. Held under the patronage of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, arranged by Dubai Power and Water Authority (DEWA), and the World Green Economic situation Organisation (WGEO), the fourth version of WGES2017 will be held under the theme of 'Driving innovation, Leading adjustment'.

Financial industries play an essential duty in helping governments finance their goals. By dedicating to sustainable jobs, the financial industry can be a reliable multiplier for the enduring advantages for both clients and the society at large. As essential stars of the global investment value chain, public and exclusive banks arguably have a fiduciary task to optimise their feedback to environment modification. WGES 2017 will certainly cover a number of sessions which will talk about the function of the monetary solutions industry for the promotion of the green economic situation, and how innovative funding services are altering the green economy landscape.

" Green financing is a tactical technique to accelerate the global transformation to a lasting green economic situation. Thus, it is vital to acknowledge the duty of the financial market and develop products and tools that will certainly smooth the means for green development and suitable climate adjustment adaptation," claimed HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy in Dubai, Managing Director and Chief Executive Officer of DEWA, and Chairman of WGES.

" WGES 2017 will concentrate on the promotion of green financial industry policy, the build-up of capabilities in banks along with the introduction of innovative financing ideas to raise the circulation of funds into green financial investments. It will certainly bring together public and private banks and leading investment professionals to go over the current growths in green money policy, investment lorries, investor appetite for green products and the engagement of corporates. The Summit will also offer participants a chance to speak with senior execs from global and regional financial institutions, and multilateral organisations such as the World Bank and United Nations Atmosphere Programme-- Finance Campaign (UNEP FI), on the alignment between the green economy and the economic solutions industry," added His Excellency.

" WGES 2017 aims to urge the public and private sectors towards financial investment via a green economy within the framework of holistic and sustainable growth. In addition, it aims to radiate spotlight on the current developments in introducing funding services for the green economy from around the globe, and check out the potential for green fintech application which can aid scale up green money in the near future," explained His Excellency.

Dedicated to establish the future generation of innovative financing options that are had to shut the space in between global growth's financing demands and the sources that are currently readily available, WGES 2017 will showcase an unique, shut door roundtable on green money. The roundtable will certainly combine over 30 executives from around the globe to review the key obstacles and examine feasible services to increase the alignment between the financial solutions industry and the green economic climate.

" Greening global financial growth is the only way to drive sustainable goals. As financial institutions are distinctly positioned to play the function of sustainability drivers, it is important to engage with these organizations to take care of risk, allocate funding and mobilise savings. Provided the popular roles the financial institutions play in the SDG era, it is essential to push them to serve as engines of transformation towards a low-carbon, climate-resilient pathway," said Mr Paolo Lembo, Project Director of WGEO.

" Financing a green future takes dedication in addition to innovation. WGES 2017 will take an extensive take a look at the innovative financing devices driving ahead the sustainable growth schedule. We are confident that the Summit will lead way for new and innovative mechanisms for mobilising environment and SDG funding that can add towards accomplishment of UAE's and the world's targets and create innovative pathways to lasting growth," added Lembo.

" The required of WGEO is especially targeted at building private sector unions that determine financial investment obstacles and resolve them in an effective fashion, bringing private sector abilities to supply both, project and finance-specific options. Without a much more active involvement of the private sector, neither the Paris arrangement purposes neither the SDGs will be achieved in full," explained Lembo..
" WGEO means to lead a variety of interactive events focused on testing more comprehensive partnerships with private sector, academia and NGOs, indicating the developing potential of innovative green unions," he ended while discussing WGEO's tasks at WGES 2017.

WGES 2017 will certainly be kept in conjunction with the 19th version of Water, Power, Modern technology and Power Exhibit 'WETEX 2017' and the 2nd version of 'Dubai Solar Program 2017', as part of the Green Week activities in Dubai.

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