World Islamic Economic Forum Promotes Green Economy Agenda

2017

Oct  5th

Key industry players gather in Jakarta, Indonesia discussing the transformation, challenges, and potential opportunities of green economy

JAKARTA, 5 October 2017 – As part of the initiative leading towards the 13th World Islamic Economic Forum (WIEF) with the theme, Disruptive Change: Impact and Challenges – WIEF is in-collaboration with the government of Indonesia to organise the Jakarta Roundtable on green economy.

The objective of the roundtable is to provide the participants with better perspectives and insights on the agenda in driving the economy of the future as we embrace the Fourth Industrial Revolution.

“Digital transformation is inevitable due to its massive potential but we have to ensure that sustainability does not take a back seat. Currently, ASEAN’s digital economic activities generate approximately $150 billion in revenues per year, with the potential to expand to an incremental $1 trillion in GDP by 2025. These two should complement one another to promote social well-being and environmental sustainability alongside economic advancement”, said Tun Musa Hitam, Chairman of WIEF Foundation.

The Jakarta Roundtable’s line-up of speakers include: Dr Andrea Bassi, Founder and CEO of KnowlEdge Srl, Switzerland; Prof Dr Armida Salsiah Alisjahbana, Director, Center for Sustainable Development Goals Studies, Universitats Padjadjaran, Indonesia; Dr Hezri Adnan, Fellow, Academy of Sciences, Malaysia; Pranab J Baruah, Principal Specialist, Office of Thought Leadership, Global Green Growth Institute (GGGI), Indiaand Tanri Abeng, President Commissioner of PT Pertamina, Indonesia. These experts will drive the discussion on how to elevate ASEAN countries into leading the green economy initiative.

“As ASEAN integration is at its prime now and economic activities are rising, it is important to ensure that sustainable development is not neglected. ASEAN has a combined GDP of $2.4 trillion and is the third fastest growing major Asian economy after China and India”, added Tun Musa.

Energy-related emissions from the ASEAN countries represent 4% of global greenhouse gas and according to the Paris Agreement, such economies need to reduce their greenhouse emissions by at least 50% by 2030. If we zoom into Indonesia, the economy is buffing up its efforts to develop a range of green development initiatives across all growth sectors as part of the development plan to reduce emissions by 26% by 2020.

WIEF is providing a platform for ASEAN as a bloc to explore green economy as a way forward to gear up the economy and the livelihood of the people and sustainability of the ecosystem. This is in-line with WIEF’s intention as a vital instrument for multilateral diplomacy in between advanced and rising economies.

The 13th WIEF which will be held in Kuching, Sarawak, Malaysia from 21 – 23 November 2017 focuses on the impact and challenges of disruptive change; opening up conversations between nations, driving common business agendas forward and bringing true value and impact to communities across the globe.

For more information, please visit: www.wief.org

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About the World Islamic Economic Forum (WIEF) Foundation

The WIEF Foundation, a not-for-profit organisation based in Kuala Lumpur, organises the annual World Islamic Economic Forum, a world-class business platform showcasing business opportunities in the Muslim world, and runs programmes of the various initiatives of the Foundation that strengthen people partnership and knowledge exchange between Muslim and non-Muslim communities across the globe.

 

The WIEF has previously held forums in Malaysia, Kazakhstan, Indonesia, Kuwait, Pakistan, the United Kingdom and United Arab Emirates and aims to bring together Muslim and non-Muslim communities through the common language of business.

 

The 13th World Islamic Economic Forum is going to be held at Borneo Convention Centre, Kuching, Sarawak, Malaysia from 21 – 23 November 2017.

 

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