The Emirates Council for Circular Economy has identified 16 activities that can be adopted as viable business opportunities

Adopting 22 policies to accelerate the circular economic transformation

The Emirates Council for Circular Economy held its second meeting for 2022. From the source

The Emirates Council for Circular Economy held its second meeting for 2022, headed by the Minister of Climate Change and Environment, Maryam bint Mohammed Al Muhairi.

The Council approved 22 policies proposed by the Circular Economy Policy Committee, which focus on accelerating the implementation of the circular economy model in the UAE, within four main sectors, including: manufacturing, food, infrastructure, and transportation.

innovative trends

During the meeting, council members highlighted eight innovative trends of particular interest, including: waste-to-resource, reuse, waste internet, artificial intelligence, remanufacturing, bio-based materials, blockchain, and reform. At least 16 activities that can be adopted as viable business opportunities have been identified in the circular economy agenda, as these activities include many opportunities for companies, such as recycling textile waste into new products, developing automated solutions supported by artificial intelligence for waste management, and recycling waste. e.

The Minister of Climate Change and Environment, Maryam bint Mohammed Al Muhairi, said: “Through the Cabinet’s adoption of the UAE circular economy policy in January 2021, we have embarked on an ambitious and important journey to move from the current economy model to the circular economy model.

The current economy consumes valuable materials and resources without being able to benefit from them after use, which represents a waste in modern concepts of sustainability.

She added: "A large number of key stakeholders in the UAE have begun to adopt the principles of the circular economy, and we at the Ministry of Climate Change and Environment and the Ministry of Economy are communicating with them and others to obtain valuable information and insights on ways to facilitate the transition to a circular economy."

Al Muhairi pointed out that 45% of global greenhouse gas emissions result from the production of cars, clothing, food and other products used daily, highlighting the great potential offered by the circular economy, which can enhance efforts to reduce emissions and mitigate current climate challenges.

major sectors

For his part, the Minister of Economy and Chairman of the Policy Committee of the Emirates Council for Circular Economy, Abdullah bin Touq Al Marri, said that the Policy Committee held a series of workshops and intensive meetings with the government and private sectors and international partners during the last stage, which contributed to the implementation of the circular economy policy in four sectors. Head of the state that included manufacturing, green infrastructure, transportation, food production and consumption, in addition to coming up with 22 new policies for the circular economy in the country, which contributed to addressing all the challenges that stand in the way of implementing the circular economy in the business sector, and strengthened the acceleration of the state’s pace in achieving green development .

He added:

Presentations

Following a briefing on the progress achieved in the current circular economy projects and the data of emerging projects in the UAE, Anis Nassar from the World Economic Forum briefed the council members on the latest developments in the “Scale360°” initiative, which brings together global partners to expand the use of Fourth Industrial Revolution technologies, with the aim of Accelerate the adoption of circular economy principles.

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