UAE Approves Developing the Circular Economy Policy 2031

UAE Approves Developing the Circular Economy Policy 2031

The Emirati Cabinet approved developing the UAE Circular Economy Policy 2031, as an updated framework to achieve the objectives of the UAE in the circular economy, the UAE's Green Agenda 2030, and the UAE Centennial 2071.

The Agenda includes developing 22 policies in various fields, including sustainable transport, sustainable food production and consumption, sustainable manufacturing, and green infrastructure.

The UAE Governments Net Zero 2050 Charter was approved by the Cabinet, reported the state news agency WAM.

The charter aims to create a unified framework between the Federal government and the local governments of the Emirates, ensuring cooperation in adopting policies and procedures to achieve climate neutrality by 2050.

Prime Minister and Vice-President of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum said: “We approved four international agreements and the establishment of an office for the Asian Infrastructure Investment Bank (AIIB) in the country.”

“The bank brings in 57 countries, with a starting capital of $100 billion, and aims at driving investments in infrastructure to promote Asia’s accelerated development.”

Sheikh Mohammed added: “During the meeting, we adopted the UAE Circular Economy Policy 2031. Also, we reviewed the UAE Council for Climate Change and Environment report and its action plan for the upcoming period,