ABOUT WORLD GREEN ECONOMY ORGANIZATION

Transcription

1 ABOUT WORLD GREEN ECONOMY ORGANIZATION

2 BACKGROUND Sustainable development has been the overarching goal of the international community since (Rio+20) World Summit on Sustainable Development in The 2030 Sustainable Development Agenda and Paris Climate Change Agreement have reaffirmed the strong levels of commitment by world leaders to shift to green economy. Launch of WGEO in Dubai 2016 Amongst numerous commitments, governments called to develop national strategies for sustainable development, incorporating policy measures outlined in the Rio Declaration and Agenda 21. The World Green Economy Organization (WGEO) emerged, in response to the priorities and concerns identified during this path, as an organization intended to support emerging global actions towards the green, low-carbon, climate resilient development model. WGEO seeks to promote the widespread acceptance and increased importance of a green economy in the context of sustainable development and poverty eradication, by linking financing, technology, capacity-building and all other elements of the enabling environment for green economy. It is within this spirit that HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in partnership with the United Nations Development Programme, officially launched the World Green Economy Organization in Dubai in 2016 to serve as an international platform dedicated to facilitating public and private sectors partnerships, promoting international cooperation and knowledge-sharing towards increased adoption of a green economy. ORGANIZATION WGEO is an action-driven, private-sector centric multi-stakeholder organization seeking to drive the implementation of profitable and sustainable green economy solutions worldwide by supporting publicprivate partnerships. Partnership with United Nations in 2016 It seeks to coordinate the efforts and action of its multiple stakeholders towards an inclusive, interconnected and innovative world economy aimed at better addressing the challenges of climate change and environmental degradation with a view to supporting and facilitating the transition towards a global green economy. It establishes itself as the world s primary reference for green-economy based action and investment through engaging the collaboration of multiple stakeholders with a view to boost global green economy through consultations, partnerships, information sharing, technical, financial support. It engages the private sector into showcasing innovative green economy stimulating projects, partnerships, and technologies and opening up green-economy oriented market opportunities. 1

3 S T A K E H O L D E R S The activities of WGEO are organized around seven platforms. Activities undertaken under each platform are consistent with an annual workplan established for each platform and are aligned to WGEO s Strategic STATES CITIES PRIVATE SECTOR FINANCIAL INSTITUTIONS Objectives. They are undertaken and implemented by the members, sector members and affiliate members participating in each platform. WGEO establishes a strategic framework to source funding and other INTERNATIONAL ORGANIZATIONS ACADEMIA & CIVIL SOCIETY YOUTH support for such activities. WGEO Platforms V I S I O N & M I S S I O N VISION The WGEO's vision is to become the leading source of knowledge, innovation, technology, finance, capacity building and other elements that enable green economy growth and expansion, through the facilitation of partnerships between public and private sectors, as well as with and among other relevant stakeholders operating towards the widespread and effective adoption of green economy principles and practices. WGEO Stategic Outlook MISSION The WGEO's mission is to promote widespread adoption of a green economy within the context of sustainable development and poverty eradication. The main focus is on sustaining economic growth, enhancing social inclusion, improving human welfare and creating employment opportunities, while maintaining a balanced functioning of the planet's ecosystems, and preventing the serious negative implications of environmental degradation on human health and welfare. 2

4 OBJECTIVES 1 To promote the widespread acceptance and increased importance of a green economy in the context of sustainable development and poverty eradication, by linking financing, technology, capacitybuilding and all other elements of the enabling environment for a green economy. 2 To serve as a platform for international cooperation and knowledge-sharing between developed and developing countries, the public and the private sectors, international organizations and all other key stakeholders, aiming to promote implementation of WGEO Knowledge Portal green economy policies at all levels, in a manner that endeavors to drive sustained, inclusive and equitable economic growth and job creation, particularly for women, youth and the poor. 3 To support, through technical and technological assistance, the efforts of developing countries that choose to implement green economy policies in the context of sustainable development and poverty eradication. ACTION At a time when governments around the world are facing tremendous challenges to re-stimulate growth and improve their citizens livelihoods while mitigating climate-change induced risks at the same time, WGEO promotes sustainable development and poverty reduction by linking finance, technology, capacity building and other related green economy actors together. World Green Economy Summit It facilitates the sharing of experiences and best practices in the field of green economy projects financing through both private - public, south-south and north-south cooperation. It coordinates action towards achieving sustained, inclusive and equitable green economy growth and job creation, particularly for women, youth and the poor. It serves as a platform for international cooperation, knowledge-sharing between countries, public and private sectors, national and international civil society organizations and other stakeholders promoting design and implementation of green economy initiatives. It provides technical assistance in support of developing countries efforts to implement green economy policies in the context of sustainable development and poverty reduction. 3

5 A P P R OACH By bringing together a wide range of stakeholders, WGEO provides a platform from which its wide range of stakeholders can work collaboratively and share expertise and best practices. Focusing on offering an innovative mechanism to deliver on green economy global goals and commitments, WGEO will work on three pillars of core business in supporting the transition to green economy: World Green Economy Report It will offer project solutions by seeking to broker coalitions aimed at addressing a specific green growth challenge It will provide thought leadership through analyzing green growth success stories and facilitating replicability and sharing of critical success factors through expert local, regional and international initiatives and key publications It will enhance capacity building and development and seek to leverage best practices to develop project specific capacity and development activities. MEMBERSHI P BENEFITS Becoming a member of WGEO, particularly in the early stages of the organization s development, will enable stakeholders to shape and direct this platform to meet their specific needs, whether in meeting global commitments, bringing research and policy analysis to scale, managing risk, or accessing finance to project ideas. WGEO Head Office in Dubai Members will benefit from the organization s resources and support in achieving their national climate action targets and realizing their goals across multiple other sectors including health, education, women s empowerment, and green growth. P R O GRAMS WGEO is currently working with several governments on bankable projects pipeline development and partnership mobilization in the areas of energy, water and infrastructure. Through WGEO s smart sustainable cities platform, Dubai City in UAE has studied successful models for financing over USD 27 Billion of green economy projects that have been initiated in the city, and which include smart city, renewable energy developments and water conservation initiatives. WGEO Trust Fund To that purpose, the UAE government has set up Dubai Green Fund, through which private sector financial institutions will develop and implement plans for funding the required USD 27 Billion. 4

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