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Decarbonizing Dubai

The story of Dubai Carbon is showcased by the UN as a regional success in engaging private sector in sustainable energy practices

Dubai, UAE, 13th May 2014: A key driver of sustainable development is the ability to transfer knowledge and attract private sector participation. The Regional Conference on Sustainable Energy Solutions follows upon the high level gathering at the Abu Dhabi Ascent, where an inter-ministerial panel discussed the level of ambition for the upcoming climate change discussions, ultimately representing a top down approach.

The Regional Conference on Sustainable Energy Solutions: Role of the Private Sector kicked off on 13th May in Istanbul in the presence of UN Agency representatives, the private sector and captains of industries. The conference, organized by UNDP, aimed towards sharing challenges and best practices which are regionally relevant.

“A key concept of sustainable development is the concept of replicability” stated H.E. Waleed Salman, Chairman of Dubai Carbon, continuing that, “there are numerous regionally-originated projects that can be used as benchmarks and scaled up to achieve both green economic growth and fulfill locally relevant themes.”

The conference focused specifically on sharing the liabilities and opportunities with the private sector, where Dubai Carbon was specifically invited to share the low carbon economic transition roadmap and the experiences to date. The newly launched ‘Green Fund’, on the occasion of the World Green Economy Summit, and the creation of knowledge products, will support such debates, by providing access to targeted experience sharing and benchmarks, which are investment-friendly.