The second day of the World Future Energy Summit witnessed an intense focus on green finance topics; Global experts discussed the challenges and solutions for financing renewable energy projects and promoting low-carbon economies.

In a session titled “Financing Global Approaches to Low-Carbon Economies,” Bruce Johnson, Director of Corporate Finance and Treasury at Masdar, stressed the need to correct the course of climate change. Johnson provided insights into the obstacles to investing in renewable energy and ways to develop it.

The session was attended by Ahmed Bahi El-Din, General Manager responsible for commercial affairs in the Europe, Middle East and Africa region at GE Vernova; To broadly discuss financing mechanisms for renewable energy projects.

The Middle East Solar Energy Industries Association's Solar Energy Outlook 2024 report was officially launched at the summit, and the report underscores the growing contribution of solar energy to the Middle East and North Africa region's transition from fossil fuels to renewable energy sources.

The region has huge potential for solar energy. Countries such as Saudi Arabia, the United Arab Emirates, Morocco, and Egypt have the highest levels of solar radiation in the world.

The Electric Mobility Forum was also held to discuss the role of clean transportation in designing future cities. The Forum examines ways to unleash the investment potential in expanding the scope of electric transportation.

The second day of the World Future Energy Summit demonstrates a global commitment to achieving a sustainable future through renewable energy, and highlights the importance of green finance, solar technologies and electric transportation in driving change.