Yet, according to 2023 research by the World Economic Forum and Bain & Company, here, in the MENA region, just 12% of SMEs have set net zero targets with even fewer - 7% - mapping out a transition strategy.
The tide is turning, however.
Through COP28, a new SME Climate Hub MENA initiative has been established to drive climate action in the private sector. In the UAE, the Abu Dhabi Chamber of Commerce recently launched a Net Zero Transition program for SMEs and the broader business sector. And, in Oman, the government is working with small and medium-sized businesses under the auspices of the National Net Zero Programme to showcase opportunities for them to engage in projects that support zero neutrality and carbon emission reduction goals.
These, and other regional programmes are a critically positive step in driving momentum for the implementation of net-zero strategies in the countdown to 2050.
In this podcast, our panelists will examine the net-zero transition challenges facing regional SMEs; discuss what level of support is required to accelerate action; and share positive examples to illustrate why small businesses may be our biggest hope for net zero.
Joining me today to discuss the key issues – and opportunities – are three sector experts:
Joining us remotely is Lydia Elliott, Deputy Director, Supplier Decarbonisation at the We Mean Business Coalition, one of the founding companies behind the global SME Climate Hub initiative. With more than a decade’s experience in corporate sustainability consulting, Lydia is instrumental in helping smaller businesses access the guidance and tools they need to take climate action.
Also joining us is Dr Saeed Alhassan. A Khalifa University Abu Dhabi professor and former director of the Gas Research Center, he is also the founder of deep-tech water distillation start-up, Manhat, and brings a wealth of experience to today’s panel discussion.
Our third panellist is Martin Reynolds, CEO and co-founder of UAE headquartered Zero Carbon Ventures. Adding unique SME perspective to the discussion, Martin is on a mission to accelerate the advent of a zero-carbon world through the delivery of technology led ventures that can reduce emissions and derive economic value for stakeholders.