Dubai, June 21, 2022 (WAM)-A report released by the World Government Summit (WGS) focuses on the harmonization of national priorities and strategies for achieving climate neutrality for governments in the Middle East. I asked you to guess.
The report, entitled “Sustainable Policies for Climate Action in the Middle East: Achieving the Net Zero Goal,” provides policy recommendations for countries in the region that, if adopted, would reduce greenhouse gas emissions by an estimated 80%. I outlined it.
Co-produced with global management consulting firm Oliver Wyman, the report reaches a “no-return point” by promising a 42% reduction in global emissions by the end of the decade. I urged countries to take urgent climate change measures before. .. The United Arab Emirates has promised to reach Net Zero by 2050 in the Gulf region, and Saudi Arabia and Bahrain have promised to reach this goal by 2060. Saudi Arabia has taken a major step towards this with the “Saudi Green” initiative aimed at reducing CO2 emissions. 278 MTA by 2030. Qatar also promised to reduce CO2 emissions by 25% by the end of the decade.
Mohammed Youssef al-Sharhan, Deputy Managing Director of the World Government Summit, said the organization is a global platform for governments to embrace changes that lead to a better world. WGS also helps to connect governments globally and fulfill their commitment to have a positive impact on the community.
Al Sharhan added that the report provides a concrete opportunity for governments to make the necessary policy changes to transition to a low-carbon economy and implement the Net Zero Initiative for a brighter future.
Matthieu De Clercq, a partner of Oliver Wyman and one of the lead authors of the report, said: It is a sustainable economy and helps to reach the region’s net zero goals. ”
Oliver Wyman will reduce emissions in the region by 42%, or about 1,325 MT CO2e (“emission gap”), to meet its goal of limiting global warming to 1.5 degrees Celsius by 2030. I estimate it is necessary.
Four energy-intensive sectors (energy production (39%), industrial (21%), housing and public buildings (14%), and transportation (11%)) account for 85% of the emission gap, according to the report. Occupy. It provides guidance on how each sector can reduce emissions.
Achieving various climate goals is difficult for economies that have relied heavily on oil production, and the Middle East faces three pressures: economic diversification and increasing global competitiveness and decarbonization goals. Emphasizes what you are doing.
The report highlights Oliver Wyman’s Climate Action Navigator, launched in 2021. It is a tool designed to help policy makers reach their Net Zero goals by navigating the relationship between global emission goals and the means by which they are achieved. The navigator provides specific details about potential actions, policy best practices, and tools that can be used in all business sectors and regions to reduce emissions and reach emission targets.
For a smooth and successful transition to a low-carbon economy, the report advises the government to follow five key policy actions to achieve emission reduction targets. Energy and industry sector; focus on emission reduction opportunities in building heating and cooling. Increases the amount of electricity generated with low emissions. Logistics and transportation sector target emissions. Increase the energy efficiency of industrial processes.
The report calls on policy makers in the Middle East to carefully plan a clear plan to move the economy to net zero. The report states that climate change measures could be a regional catalyst for diversifying the Middle East economy and paving the way for sustainable growth in new industrial sectors.
“Middle Eastern countries are cautious in moving to a net-zero future, especially as some economies are still heavily dependent on oil and hydrocarbons, so that this move does not undermine regional economic growth. We need to plan the migration, “said DeClercq.
“To make this transition smooth, apply some policy tools to each action to achieve a robust, gradual and sustainable transition, taking into account economic, social and financial structures. We need to, “he added.
This report was published at WGS2022 in Dubai on March 29 and 30, 2022 by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Sovereign of Dubai. Officially announced under the auspices.