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World Leaders Call for Shift to Green Economy

World Leaders Call for Shift to Green Economy

Wednesday, 27 October, 2021 - 11:15
Future Investment Initiative (FII) session (Asharq Al-Awsat)

World leaders at the Future Investment Initiative (FII) stressed the importance of green economy transformation, calling for boosting global efforts towards achieving carbon neutrality.

Speaking at the fifth edition of the forum in Riyadh, several state officials asserted the importance of committing to a green economy.

Gabonese President Ali Bongo stressed his country's commitment to carbon neutrality, reiterating the need for international efforts to find solutions that help the world in economic transformation.

Gabon is committed to a green economy, said Bongo, asserting that Vision 2030 represents a clear map.

He explained that his country's efforts in the green economy achieved progress, including waste processing, carbon emissions, and supporting agriculture and businesses, which provided an opportunity to shape a vision that meets the economic and climate challenges locally and globally.

Bongo stressed the need to develop solutions for future generations, noting that economic diversification will continue to face broader challenges regarding adaptation to climate change and the provision of needed resources.

The Gabonese president pointed out that states should work together to find solutions that help the world overcome challenges resulting from climate change, including economic transformation.

He announced that everybody is looking forward to the success of the Saudi Green Initiative and the Middle East Green Initiative.

French Minister Delegate for Foreign Trade and Economic Attractiveness Franck Riester stressed the need to reconsider implementing a strategic trade policy that is less dependent on traditional tools to confront the effects of any future crisis or pandemic.

Riester indicated that the pandemic had contributed to disrupting trade and food supply chains, pointing out that Saudi Arabia significantly formulated significant trade results when it chaired the G20 summit in 2020.

He also called for supporting trade facilities, strengthening practical tools to confront climate change in Europe, ending deforestation, and promoting women's rights and empowerment in work, production, and trade.

Riester acknowledged the necessity of resolving the US-French dispute at all levels to confront the challenges facing their national companies.

He stressed the need to promote good dialogue, provide a flexible trade environment, and establish legislation and decisions to strengthen US-French relations.

The US Deputy Secretary of Commerce Don Graves stressed the need to boost international action and work as partners with Paris to enhance supply chains.

Graves stressed the need to revive US national operations by making federal laws more liberal, without resorting to petty business, as was the case with the former US President Donald Trump.

The official noted the need to provide capital to support sustainable investment in the world for greater profitability, which would help address climate challenges and maintain forests.

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