Upcoming Events enough . Only a small share of the key inventions that are aimed at addressing climate change emerge from energy or environmental R & D . As such , R & D in fields such as material sciences and engineering are much more important sources of scientific research for green technologies . Similarly , carbon taxes are not enough to stimulate green innovation . Putting a price on carbon is very important for incremental improvements to clean tech , but does not necessarily lead to breakthrough innovations . Public and private investment in research is also needed to drive long-term green innovation .
“ Green growth provides means by which economic , environmental and social goals can be simultaneously achieved . While addressing climate change with these alternative and renewable technologies can be expensive , the concept is by no means unrealistic .
However , it is essential to remove regulatory barriers that can help spur entrepreneurship and generate new business models that challenge incumbent firms ,” added HE Saeed Mohammed Al Tayer .
WGES 2017 will address new technological advancement and innovations , which can increase the share of renewable energies by reducing costs and enhancing efficiency . In addition , the Summit will cover a number of sessions which will discuss the role of the innovative solutions and new technologies in accelerating the transition to the green economy . While participants will have an opportunity to hear from innovators and executives from major corporations that are at the forefront of this transformation , they will also have a chance to identify varied new methods and mechanisms to incorporate technological innovation into daily business practices .
“ Technological innovation is one of the most important elements required for the next stage of evolution in the energy industry . WGES 2017 will bring together senior professionals and corporate sustainability leaders to discuss and examine how companies today can transition more efficiently to the green economy by integrating innovation and technology in their business models ,” added Al Tayer .
While innovation has and will continue to play an important role in the green economy , WGES 2017 will also provide insight into how digital technology can be leveraged in the context of major economic , social and environmental challenges faced by countries today . The Summit will shed light into the paradigm shifts that have taken place due to digital transformations within the implementation of
September 2017
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