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FinancialNews
27-07-22
UAE: Circular Economy Council hold its 2nd meeting of 2022
(MENAFN) The UAE Circular Economy Council set up its second conference of this year, chaired over by Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment.
The Council agreed on 22 rules suggested by its subsidiary, the Circular Economy Policies Committee, that focus on accelerating the implementation of the circular economy model in the UAE in four main sectors – manufacturing, food, infrastructure, and transport.
The Council as well identified more than 16 circular economy activities that open a wealth of chances for businesses, for example upcycling textile waste into new goods, improving automated AI-enabled waste management solutions, and remanufacturing electronic waste.
"With the cabinet's approval of the UAE Circular Economy Policy in January 2021, we have embarked on an ambitious and important mission to transition from a linear model to a circular economy approach. Our current linear economy consumes valuable materials and resources without being able to benefit from them after use, which represents waste in the modern concept of sustainability. Our approach seeks to protect our environment and to ensure the long-term economic and social prosperity of our country," Almheiri added.
"Many key stakeholders in the UAE have already started to embrace circular economy principles. We at the Ministry of Climate Change and Environment and at the Ministry of Economy have been engaging with them and others to gain valuable information and insights about ways of facilitating the transition to a circular economy," she went on.
MENAFN27072022000045012476ID1104599860
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