Environmentally friendly financing is an opportunity to turn the tide of climate change and bring economic benefits

Abu Dhabi 27-06-2019
The Minister of Climate Change and the Environment stressed that investments based on the concept of environmental friendliness and preservation are an important tool for dealing with climate change. He stressed that green financing is based on investment in financial products that support companies and projects committed to preserving natural resources and interested in applying green business practices or finding Innovative sources of renewable energy, to be a vital element to bring about the desired change.
In his article entitled “Green Finance: Protecting the Environment and Developing the Global Economy”, the global economic agenda is witnessing a steady rise in green business models, gradually becoming one of the dominant trends in the markets, Private equity and asset management companies around the world, so that sustainable investment becomes an essential future component in various investment instruments and derivatives. As the world begins to realize the consequences of climate change affecting life on our planet and negatively impacting fragile communities and traditional business sectors Where, cast a heavy shadow on the future of the Earth, the time has come to solve global; economic this time, this dilemma.
“International research suggests that our world needs to spend an estimated $ 300 to $ 400 billion a year to maintain the integrity of our global ecosystem. Recent statistics of the UNEP funding initiative estimate that delays in dealing with climate change will cost about $ 1.2 trillion 30 thousand major global companies over the next 15 years, due to climatic conditions or policies that become more stringent in the area of ​​emissions.
He stressed that the cost of ignoring climate change will exceed the stages required to find solutions to it, no matter how high, so it was necessary for the cooperation of different parties and actors in the planning and implementation of solutions, and here comes the role of green financing. This type of funding can be based on investment in financial products Which support companies and projects committed to the conservation of natural resources and interested in the application of environmentally friendly business practices or innovative sources of renewable energy, for example, to be a vital element to bring about the desired change.
The minister said climate change and the environment that with the start of the “Abu Dhabi preparatory meeting for the World Summit for Climate 2019” next Sunday, which sets the agenda and recommendations and draft decisions of the World Climate Summit in New York next September, will be the focus on comprehensive planning and solutions to this biggest challenge facing our world in These include exploring innovative financing sources and new environmentally friendly technologies, as well as enhancing transparency in governments, business leaders, NGOs and international institutions, enhancing access Li rate the goal of keeping global warming below 1.5 degrees Celsius, according to the Paris climate deal.
He pointed out that the recent decades in the UAE have witnessed clear efforts and steps to achieve economic diversification away from dependence on oil. The concepts of sustainability and green initiatives are a priority in all national agendas, government programs, infrastructure and urban plans for future cities. With changes in climate.