16th November 2023 12:00 – 13:30
Sustaining the mediterranean's future
The Summit will focus on the challenges and business opportunities for the implication of cutting-edge technologies in the Mediterranean. It will be an ideal platform to bring together regional and global solutions and providers. Nowadays, global investors expect companies to provide a clearly articulated vision to promote sustainable business, coupled with a solid ESG strategy for the entire value chain of their business operations. The sustainability debate has become a global business imperative. In this context, the green economy provides a great opportunity to promote global development We are living times marked by growing uncertaintiy. And climate change will only increase the impact of the various conflicts affecting us all. Some governments in the Mediterranean region are taking critical measures to advance sustainability and have launched many projects related to green energy. However, it is imperative that we formulate united responses. We must rethink the Mediterranean in order to make it a positive and reactive player on the international scene. There are many challenges at stake, particularly in the management of tourism and the fight against pollution. The roadmap to be followed can be based on the Sustainable Development Goals 2030. The scope is ambitious: inclusive education, sustainable cities, access to clean water and clean energy, gender equality and ending poverty. The Mediterranean Green and Blue Economy Summit will provide a complete outlook into market development of these sectors in the region.
Plenary session: Mediterranean green energy transitions
Global energy systems are changing rapidly as countries seek to reduce their reliance on fossil fuels and try to diversify power sources, decarbonise and ensure energy security. Many countries have implemented clean and renewable energy targets that will help them meet future net-zero ambitions. The Mediterranean region’s potential is considerable. In addition to oil and gas, it has one of the highest hydroelectric power systems, wind resources, hydrogen and solar radiation in the world, as well as large tracts of desert. Technically, the region could be a major energy player and supply the needs of part of the planet. Mediterranean energy transitions are picking up speed. Driven by well-designed auctions, favourable financing conditions and declining technology costs, renewables are being brought into the mainstream. The region is set to become a market leader in renewable energy. Renewable energy will account for 34% of total power sector investments across the region over the next five years.
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- What are the routes to meeting net zero ambitions?
- Can we still marry the energy trilemma of cost, security and sustainability, or will one leg have to give?
- Where in the energy system is investment required?
- What investment is required and why is this important?
Key words
Green energy, solar
energy, hydrogen,
circular economy, blue
economy, waste, climate
finance gap, legal
frameworks,
investments
Mr.Joan Cabezas
CEONactiva
Mr.Jahier Luca
ESG Environmental, Social & Governance PresidentEuropean Economic and Social Commitee
Mr.Domingo Vegas
PresidentGrupo Gransolar
Ms.Annika Patregnani
PresidentHabitat World
Dr.P.K. Singh
International Education PartnersIEP
Mr.Luis Roby
CEO & Board Vice-PresidentErre.
Ms.Souha Ferchichi
Technical ExpertMEDREC – Mediterranean Renewable Energy Centre
Ms.Noha Shaker
Secretary GeneralEgyptian Fintech Association and Vice President of the Africa FinTech Network
Mr.Enrique Doblas
Transfer OfficerCREAF
Mr.Carles Rua
Innovation ManagerPort de Barcelona
Mr.Hassan Nadir
ProfessorAlexandria University
Mr.Said A. Ossman
Former Dean of the Faculty of Commerce and former Governor of SharkiaAlexandria University
Mr.Möez Hassen
Managing DirectorCCI CapBon
Mr.Mohamed Wageih
Project OfficerPRIMA Foundation
Mr.Vincent Ernoux
CoordinatorInterreg MED
Mr.Luis Miranda
Project ManagerASCAME
- Mediterranean solar industry outlook 2023/2024: achievements and perspectives.
- Upcoming investments in solar projects and infrastructure. How solar is powering the Mediterranean towards renewable.
- H2Med Barcelona-Marseille green hydrogen pipeline: what needs to be in place?
- What must Mediterranean countries do to ensure they are at the forefront of the hydrogen market?
- Is clean hydrogen a key contributor to Mediterranean energy transition?
- What infrastructure needs to be in place to enable the hydrogen economy within a country, and how will it be paid for?
- Is there greater risk in making large investments in hydrogen?
- Is the future global hydrogen market a reality or just hype?
Given the urgency of the climate crisis and how it will affect the region, the next 5 years can be an opportunity to drive the sustainability agenda forward and build on existing opportunities. Growing awareness of the circular economy is creating new benefits in the way waste is being dealt with. This will be crucial to create a more sustainable and inclusive Mediterranean.
How to gain real benefits from circular economy approaches.
How is waste management becoming more sustainable?
Embracing circular principles and zero landfill options.
How can companies introduce circularity to their operations to gain commercial value from waste?
How should we assess future risks?
The role of governance to ensure a thriving circular economy.
What roles do different stakeholders across the value chain play?
The intrinsic link between Mediterranean sea and globalized world economy must be perceived by business community and all stakeholders as one. future we want, and need, for our Mediterranean must bedifferent from one we have been contributing to.
Mediterranean region is a recognised marine biodiversity hotspot and a vital resource of economic activities for 480 million people living in region. It is fifth largest economy in region, generating an annual economic value of more than US$ 450 billion.
More specifically, blue economy provides food, jobs, water and is a source of economic growth. It generates USD 3-6 trillion to world economy and will be source of 200 million jobs globally by 2030. refore, building a sustainable blue economy is one of most important tasks and greatest opportunities of our time.
Mediterranean’s transition to a sustainable blue economy will require new economic models that inspire innovation, foster corporate leadership and reward crosssector collaboration.
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- The blue economy is an essential source of wealth and prosperity. How can region harness that potential and opportunities for growth, employment and investment that it provides?
A new economic model is needed to boost potential of Mediterranean and re are significant opportunities for investment in blue economy. - How can maritime Mediterranean business community collaborate to take advantage of se opportunities and meet se challenges?
- The EBERD, EIB and UfM, toge r with support of European Commission, have created Blue Mediterranean Partnership, teaming up for a sustainable blue economy. How can we deliver support to Mediterranean countries by developing ir blue economy sectors and activities sustainably?
- The blue economy is an essential source of wealth and prosperity. How can region harness that potential and opportunities for growth, employment and investment that it provides?