Bahrain implements green economy
Bahrain has taken recent measures to transform the country’s construction and economy to a green technology, shifting to other forms of energy and reducing resource consumption, said UNEP/ROWA Regional Director, Dr. Iyad Ahumoghli.
Ahumoghli hopes that the government will establish a sustainable development council, headed by various supporting country officials. He also suggested that the council provide the power and ability to integrate the cost of environmental degradation and benefits of environmental protection, national planning and international budgeting.
Despite the Gulf state already having established five marine parks and a whole host of other initiatives, the UNEP head suggested that the government needs further technical resources, capacity and technical know how to proceed.
The UNEP expert also added, implementation cost for new green plans are currently being debated at the global level. In addition to normal funds, there are the climate change fund, global environment fund, multilateral agreement funds supporting capacity building and technology transfer.
“We are saying that governments can shift some of its resources in the various programmes, in an integrated manner, and then look at the above funds. In addition, the minister in charge of environment in the Arab states has agreed to the establishment of an Arab Environment Fund. However, it lacks resources. What we need is governments to pledge a percentage of their earnings or even voluntary funds – like the $2bn Saudi contribution,” Ahumoghli stated.
- Why India is likely to re-emerge as the UAE's top trade partner
- What's really attracting high net worth individuals to living in the UAE?
- Forbes Middle East reveals names region's 200 most powerful women
- Presidential vacuum, Syrian crisis leaves Lebanon's business leaders more than worried
- Oil wells, taxes, and scare tactics: how the IS has been making money all this time
- Amidst the sand, UAE is going "green" with first UN green economy conference scheduled for March
- Experts recommend that UAE property developers utilize 'green' building
- Natural resources in Palestinian territories under pressure
- BSE lists six funds of Global Investment House
- Arab funds pledge $780 million for Sudan dam construction