Coronavirus pandemic opportunity for development of green economy, says UAE’s economy minister
The green economy for sustainable growth was discussed Saturday at the annual Antalya Diplomacy Forum (ADF), which Anadolu Agency is the global communication partner.
Speaking at the “A green economy for an inclusive and sustainable growth” panel, Minister of Economy of the United Arab Emirates Economy Minister Abdulla Bin Touq Al Marri said the coronavirus pandemic is an opportunity for the development of the green economy.
“We have to switch from our current brown shape to green. The Middle East is a region of oil producers, and if we have zero carbon targets by 2050 in this region, we should start these studies immediately,” he said.
Acting President of The Union of Chambers and Commodity Exchanges of Turkiye (TOBB) Ayhan Zeytinoglu said the EU initiated a green and digitalization process during the pandemic.
Zeytinoglu said Turkiye also aims to reduce carbon emissions as Europe. The continent started the process in 2005 and Turkiye is following the EU.
Noting that Turkiye is dependent on oil and gas resources of countries such as Russia and Iran, Zeytinoglu said the development of renewable energy resources is required to cope with the dependency.
Luc Frieden, the president of the Association of European Chambers of Commerce and Industry, touched on the importance of reducing carbon emissions and on renewable energy resources.
He said that governments’ support and large investments are required, adding; “We cannot achieve sustainable development without large expenditures.”
Moreover, Gurcan Karakas, CEO of TOGG, said Turkiye grasped the importance of shifting from fossil fuels to green energy and developing electric vehicles compatible with the green economy.
“In this sense, we launched a new initiative with Turkiye’s Automobile Enterprise Group (TOGG),” he said.
Established in 2018, TOGG introduced Turkiye’s first electric vehicle prototype in December 2019, which is expected to roll out in 2022 for the market.
He added that perhaps, it is the right time for new technologies and the new green company concept. “Companies want to make a profit, but new trends must also be adapted,”he added.
Pornchai Danvivathana, Secretary General of Asia Cooperation Dialogue, said the group’s approach to the green economy is in the context of 35 countries of the Asian Cooperation Dialogue.