Mon. Sep 16th, 2019

Coping with the climate change is good, even from business perspective

Later this month, hundreds of government officials and executives from the world’s leading innovative companies will descend on the UAE capital with one thought in mind: a global response to climate change. They are convening at the invitation of the UN secretary General, who has named climate change as the “defining issue of our time”, and with the aim of synthesizing policy, technology and finance into a set of measurable deliverables that heads of state and governments can ratify at the UN Climate Action Summit in New York in September.

As the host nation of the Abu Dhabi meeting, the UAE is including one additional imperative: to pitch climate change as an economic opportunity.

As with all significant undertakings, we did not arrive at this opportunity by accident or chance. The UAE is fortunate to have had founders who, from the outset, prioritized the development of social and environmental wellbeing. Their viewpoint made a culture whereby interest in divisions identifying with the future, for example, sustainable power source toward the start of the thousand years, could be supported by arrangement, particularly through open private organizations.

In accordance with the UAE Energy Strategy 2050, the nation has promised to expand a lot of clean vitality in the household market to 50 percent and to diminish its ozone depleting substance discharges by 70 percent. We are starting activities and building foundation at an exceptional pace to meet these objectives.

In addition, this sustainable power source is demonstrating cost-effective over the globe. The UAE has given almost $1 billion in help for sustainable power source extends in excess of 35 creating nations since 2013 and for each situation, we have seen undertaking offers coming in at well beneath the expense of non-renewable energy source age. We have seen a similar outcome in business undertakings going from the extraordinary fields of the US to the mining center point of Chile.

The other key measurement to the new atmosphere story is human wellbeing. Generally, we have supported for atmosphere activity as an advantage to the planet, which makes light of a standout amongst the most basic certainties about environmental change and the wellsprings of ozone depleting substance outflows: they legitimately influence people, murdering four to seven million individuals yearly, and the effect is amazingly expensive from numerous points of view for people, networks and governments around the globe.

The World Health Organization, among different offices, has now plainly verbalized the benefit of handling air contamination. If we eliminate the sources of pollution, such as outdated and inefficient power plants and factories – which are also sources of greenhouse gas emissions – the World Bank and other research institutions estimate that more than $200 billion can be saved in global health costs annually, the equivalent of up to $30 for every $1 spent.