Context: India recently attended the The 8th edition of the World Green Economy Summit (WGES) is being held on 28-29th September 2022 in Dubai, UAE.

• The two-day summit is being held at Dubai World Trade Center (DWTC).

• It is organised by the Dubai Electricity and Water Authority (DEWA), the World Green Economy Organization (WGEO) and the Dubai Supreme Council of Energy.

• It is focused on four key pillars of the green economy: Energy, Finance, Food security and Youth.

Objectives

• To stimulate discussion among government agencies and regulators

• To drive dialogue and action among industry stakeholders

• To facilitate interaction between the public and private sectors

Theme: The World Green Economy Summit 2022 is set based on the theme of Climate action leadership through collaboration: the roadmap to net-zero.

• A ministerial roundtable showcasing the green economy was also organised which was attended by 25 ministers and officials from around the world.

• The Union Minister for Environment, Forest and Climate Change said India is the first country with a cooling action plan based on energy efficiency and thermal comfort.

• After the Roundtable, the minister also had a bilateral meeting with the UAE Minister of State for Foreign Trade.

Additional Fact

India Cooling Action Plan (ICAP):

• ICAP was launched in March 2019.

The India Cooling Action Plan seeks to

• Reduce cooling demand across sectors by 20% to 25% by 2037-38

• Reduce refrigerant demand by 25% to 30% by 2037-38

• Reduce cooling energy requirements by 25% to 40% by 2037-38

• Recognize 'cooling and related areas' as a thrust area of research under the national S&T Programme