COP28 in Dubai offered exclusive prospects for the personal sector to emphasize the vital purpose business enterprise performs in innovating, financing, and deploying the solutions needed to accomplish both equally ambitious local climate ambitions and sustainable economic progress. Startups and modest and medium-sized firms are important to individuals solutions, and the U.S. Chamber assisted ensure they have been element of the conversation.
As the host of COP28, the United Arab Emirates (UAE) designed a Startup Village to deliver a world platform for local climate-tech business people to showcase their innovations and have interaction the general public, other corporations, buyers, purchasers, and federal government leaders. The Chamber’s GreenTech Business Delegation to the UAE in May well served push participation from more recent businesses in COP28. Our trade mission convened extra than 125 delegates from virtually 70 companies, together with startups, and demonstrated how to get involved in COP28, increase a network of relationships, and understand of alternatives to scale their business in the UAE.
The accomplishment of that mission led to our perform with the US Section of Commerce in bringing the most significant-ever U.S. small business delegation to a UN COP, like numerous startups and SMEs who were being with us in Could.
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In this article are a couple of examples:
Lyten used COP28 to break out on a world wide phase, exhibiting planet leaders precisely how their products can help weighty business reach net zero objectives without compromising overall performance or economics. To absolutely leverage their existence in the COP28 Startup Village, Lyten even developed a Lyten COP Landing Web page.
Lars Herlitz, Lyten Co-Founder and Chairman, said, “The GreenTech mission played a vital job in fast growing Lyten’s possibilities in the UAE and the area. Velocity is paramount for Lyten, and the support of the U.S Chamber of Commerce and Division of Commerce enabled us to very quickly hook up with the proper leaders in the UAE and, inside of days and months, get into deep and substantive discussions. The GreenTech mission gave us a powerful footing that we ongoing to leverage main up to and in the course of COP28 for Lyten to connect with world-wide leaders in the two the private and community sectors.”
For Odys Aviation, a new firm focused on the overwhelming problem of advancing sustainability inside of the aviation sector, the Chamber delivered quite a few opportunities to foster new interactions in the UAE. In truth, it was throughout the GreenTech mission in Could that the Odys group initiated discussions with Aramex, just one of the top logistics corporations in the region. Then, for the duration of COP28, Odys and Aramex signed a strategic settlement to launch the company’s initial center mile pilot application for hybrid-electric aerial deliveries in the UAE and Oman, with a focused commencement day of late 2024.
In accordance to James Dorris, CEO and Co-Founder at Odys Aviation, “Our most profound takeaway from our partnership with the U.S. Chamber of Commerce and the COP28 working experience is that collaboration among the stakeholders is pivotal to generate the local climate adjust and sustainability agendas ahead. Compact organizations will need to perform with huge corporations to tackle innovation issues and crack the slow cycles of conventional enhancement. Governments will need to rally jointly to support the non-public sector and in switch, the private sector desires to commit to technologies that not only maintain their own organization products, but that aid grow new business sectors for the profit of modern society and the setting.”
Ignite Power, which arrived on the GreenTech Mission, aims to enhance operations and deploy local climate technologies these as photo voltaic electric power, solar-primarily based world wide web, and photo voltaic irrigation in remote parts across the world. They were being the winner in the Electrical power Innovation Classification of the Zayed Zayed Sustainability Prize, a globally renowned accolade honoring organizations exhibiting remarkable determination to sustainability and environmental stewardship, at COP28.
“We are deeply honored and humbled to receive these types of a prestigious recognition as the Zayed Sustainability Prize,” remarked Angela Homsi, President of Ignite Power. “This recognition validates our dedication to driving impactful improve at scale by decentralized, electronic, and de-carbonized alternatives.”
SolarSpace, yet another GreenTech participant, signed a Memorandum of Comprehension (MoU) in the course of COP28 with the Abu Dhabi Department of Power to examine the feasibility of harnessing house-dependent photo voltaic ability (SBSP) technology and its likely purposes in the UAE and the Middle East in addressing several problems, from desalination to capturing photo voltaic power in outer area.
SolarSpace was also chosen to take part in the UAE Ministry of Economy’s NextGen FDI plan, supposed to assist the development of the UAE’s expertise-driven economic system and the country’s motivation to power transition.
Enterprise is providing local weather methods and the proof was all about COP28. The U.S. Chamber of Commerce is proud to get the job done with the startup local community to aid convey their local weather improvements and technologies to a world-wide audience.
About the authors
Steve Lutes
Steve Lutes is govt director Middle East Affairs at the U.S. Chamber of Commerce. He is dependable for taking care of the U.S.-Egypt Enterprise Council, U.S.-Iraq Business enterprise Initiative, the U.S.-GCC Organization Initiative, and serves as govt director for each.
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Kendall Stephenson
Kendall Stephenson is a Manager of Plan for the U.S. Chamber of Commerce’s International Power Institute (GEI). She is responsible for all of GEI’s administrative duties and functions.
