The 11th World Green Economy Summit in Dubai continued into its second day with urgent calls to bridge the massive financing gap hindering global climate action and accelerate efforts toward net-zero targets.
A high-level session on financing the green transition revealed that $2.4 trillion in annual investments are needed to tackle climate change, underscoring the role of blended public and private funding. The UAE Securities and Commodities Authority presented its progress from voluntary disclosures to mandatory ESG frameworks and green bonds, highlighting the country’s evolving role in green finance.
Discussions also focused on climate risks such as rising sea levels and extreme weather, with sessions on loss and damage, nationally determined contributions, and food and water security stressing the importance of resilient infrastructure, ecosystem restoration, and financial access for vulnerable nations.
Youth participation, regional initiatives, and the role of trade in advancing sustainability also took center stage. UAE Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi emphasized that green solutions are not only vital for the planet but also drivers of technological progress and economic growth.
Further panels examined voluntary carbon markets, artificial intelligence in climate strategies, and renewable energy projects, calling for deeper cooperation, innovation, and science-based targets.
The day closed with a strong message to move beyond pledges toward tangible action, reaffirming the UAE’s commitment to achieving climate neutrality by 2050.
News Source: Emirates News Agency
