UAE Cabinet Approves Circular Economy Policy

  • Date: 25-Jan-2021
  • Source: Al Bawaba
  • Sector:Economy
  • Country:UAE
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UAE Cabinet Approves Circular Economy Policy

The UAE Cabinet has approved the "UAE Circular Economy Policy," a comprehensive framework for determining the country's approach to achieving sustainable governance and the ideal use of natural resources. The policy aims at adopting consumption and production methods that ensure the quality of life for current and future generations, said a Wam news agency report. "We have adopted the Circular Economy Policy. Our objectives are clean production, sustainable transport and consumption and efficient waste management, to protect the environment and generate new economic opportunities. We have also established a federal circular economy council to implement this strategy," His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, said chairing the Cabinet meeting. The policy comprises several key objectives, including promoting environmental health, supporting the private sector in adopting clean production methods, and reducing natural environmental stress, to achieve the country's vision to be a global pioneer of green development. The policy is a framework for identifying the priorities in terms of consolidating the concept of the circular economy within several priority sectors, most notably green infrastructure, sustainable transport, sustainable manufacturing, sustainable food production and consumption, in addition to other areas, such as technology, innovation