{"id":320972,"date":"2022-11-15T16:30:59","date_gmt":"2022-11-15T19:30:59","guid":{"rendered":"https:\/\/anba.com.br\/arabes-podem-financiar-grandes-projetos-sustentaveis\/"},"modified":"2022-11-17T16:45:44","modified_gmt":"2022-11-17T19:45:44","slug":"arabs-could-finance-major-sustainability-projects","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/arabs-could-finance-major-sustainability-projects\/","title":{"rendered":"Arabs could finance major sustainability projects"},"content":{"rendered":"

Sharm El Sheikh \u2013 The secretary-general of the Arab Brazilian Chamber of Commerce (ABCC), Tamer Mansour, sees Arab countries could finance<\/strong> significant projects in renewable energy<\/strong>, the environment, and climate. He spoke at a panel on the low-carbon industry at an event parallel to the United Nations Conference on Climate Change (UNFCCC COP27) promoted by the Brazilian National Confederation of Industry (CNI) at the Renaissance hotel in Sharm El Sheikh.<\/p>\n

\u201cI see the Arabs as financers and partners of these big projects since three of the ten biggest investment funds are Arabs,\u201d said Mansour, regarding the funding of renewable energy and sustainability initiatives. However, he realizes the region is at an early stage in this field and recalled that Arab funds are still very dependent on oil.<\/p>\n

Mansour believes, however, in the potential the Arabs have in terms of sustainability together with business. \u201cThe Gulf countries want to be a reference and have the economic power to become so. The UAE have been investing in sustainable cities and a green economy,\u201d he said. He invited the public to visit the Saudi Green Initiative<\/strong> space, a venue outside the COP, built by Saudi Arabia to showcase its initiatives on climate change, biodiversity, renewable energy, and the carbon market.<\/p>\n

The Low Carbon Industry<\/strong> panel aimed to share low-carbon industrial experiences from different countries and regions and was moderated by Davi Bomtempo, executive manager of Environment and Sustainability at CNI. In addition to Mansour, also spoke Dan Byers, vice president of Technology and Climate at the US Chamber of Commerce; Holger L\u00f6sch, chair of Business Europe\u2019s Industrial Affairs Committee; Tania Kumar, deputy director of Decarbonization at the Confederation of British Industry (CBI); and Carlo Pereira, executive director of the United Nations Global Compact Network Brazil. Pictured above (left to right), L\u00f6sch, Kumar, Byers, Bomtempo, Mansour, and Pereira.<\/em><\/p>\n

Mansour said six months ago, Sharm El Sheikh was not the city it is today. \u201cIt is not a sustainability that came naturally, but it came with the COP27 event,\u201d he said. Around EGP 16 billion (about USD 654.24 million at the current rate) were invested in the city\u2019s infrastructure to host the conference.<\/p>\n

\"\"
Baltazar spoke on possible initiatives by the Brazilian private sector for COP28 in Duba<\/em>i<\/figcaption><\/figure>\n

The secretary-general also mentioned Rotary International\u2019s Light for the Future<\/a> project and said the initiative received donations from Brazil for the installation of solar panels in schools in Lebanon, which is experiencing an energy crisis, having lighting for only one to two hours a day. He said Brazil and its Arab community of around 12 million people have compassion and are aiding these initiatives. \u201cI see the ABCC within these projects as a strong partner for institutions and the private sector working in the investment area,\u201d said Mansour.<\/p>\n

COP28 in Dubai<\/strong><\/p>\n

The director of Institutional Relations of the ABCC, Fernanda Baltazar, spoke on the prospects for COP28, to be held in Dubai, in the United Arab Emirates, in 2023, at the same venue Expo 2020 Dubai took place. She mentioned this would be the fifth COP held in the Arab countries, which have already hosted four conferences, two in Marrakech, Morocco (2001 and 2016); COP18 in Doha, Qatar; and COP27 in Sharm El Sheikh.<\/p>\n

The idea is to discuss with the private sector how it could collaborate with Brazil\u2019s schedule at the event. \u201cThere is still a lot to demystify about what they have to offer,\u201d said the director. She also spoke on the complementarity in Brazil-Arab relations in food security. \u201cBrazil is a strategic partner, and they want new interactions,\u201d she said.<\/p>\n

Baltazar also spoke about sustainable initiatives in the UAE, such as the sustainable city of Masdar, which is a model of 100% renewable energy and home to academic institutions dedicated to the research and development of renewable energies.<\/p>\n

COP28 will take place from November 6 to 17, 2023. In preparation for the conference, Expo Dubai will host a series of sustainability-themed events next year. Dubai\u2019s edition was considered one of the most sustainable in the Expo\u2019s history and brought together all segments of society around critical topics for humanity.<\/p>\n

The event held by the CNI had the ABCC among its supporters.<\/p>\n

Translated by El\u00fasio Brasileiro<\/strong><\/p>\n

Bruna Garcia\/ANBA<\/div>\n
Reproduction\/CNI<\/div>\n","protected":false},"excerpt":{"rendered":"

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