As the crisis evolves around the world, MENA governments should ensure that their stimulus measures and policy responses are aligned with ambitious climate change and wider environmental protection goals. They should ensure policy coherence and avoid creating unintended environmental consequences that might damage the future resilience and environmental health of societies.
The goal is to prepare the post-oil era. The UAE made a bet on this transition. Leaders recognized that times call for new thinking on energy, and that the country has much to gain by being its champion.
The UAE accounts for about 70 per cent of the GCC’s renewable energy capacity, while Saudi Arabia accounts for about 17 per cent and Kuwait accounts for less than 10 per cent. The Renewable Energy industry in the UAE is organized around the government’s strategic plan to diversify the economy.
Stimulus measures could be an opportunity in MENA to invest in the real economic transformations and technological innovations, such as boosting technologies for solar and wind energy, for smart green cities as well as for seawater desalinization projects (powered by renewable energy sources) and developing and greening public transport systems. This could help the Gulf Cooperation Council countries reduce their carbon footprint and energy demand as well as diversify their economy from fossil fuels. Public and private support should be enhanced also for the investments in water and waste infrastructure development and modernization, especially in poorer MENA countries. Enhanced levels of environmental health will strengthen the resilience of societies to pandemics and other emergencies.
That being said and as the value of corporate social responsibility, as a tangible function of organizational purpose, is more relevant than ever before, CSE offers the digital version of its flagship course, the Certified Sustainability (CSR) Practitioner Program, Advanced Edition 2020 with a focus on GCC countries this November. This challenging digital training provides the latest practical tools and resources to implement or upscale corporate sustainability initiatives to the next level by generating value and creating effective strategies.
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