June 27, 2022

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Green change ... $ 138 billion expected Gulf savings

Green change … $ 138 billion expected Gulf savings

This happened when the Emirati Minister participated in a session entitled “”. Green change In the Middle East “, within works World Economic Forum Held in Davos, Switzerland from 22 to 26 May 2022: “The world is at a turning point: government policies and strategies” Department of CommerceWith the participation of more than 2,000 government officials and decision makers.

Al-Marri added that these savings would be equivalent to 1% of the Gulf region’s GDP for the period 2020-2030. The integration of sustainable green economic initiatives and circular projects will play a role in reducing emissions by 150 million tonnes.

The Government of the United Arab Emirates adopts an integrated national policy aimed at sustainable production and consumption, economic diversification and the development of new economic sectors in areas that serve the green economy, particularly promoting change towards clean and renewable energy and circulars. Mandatory priority for the next stage is economic applications.

He further added that the Government of the United Arab Emirates is committed to achieving sustainable consumption and production, and that the United Nations’ Sustainable Development Goals 2030 should be achieved by shifting from the traditional economic model to a roundabout, renewable economy, towards consumption and production. It works consistently within environmental boundaries to ensure the quality of life of current and future generations, indicating that this commitment is in line with the objectives of the National Green Agenda.

He said the UAE government had taken concrete steps in this area in April 2019, with the cooperation of the World Economic Forum and the first signing of the “Scale 360” initiative for the Middle East and North Africa. Aims to move towards a more circular economy with less use. The “UAE Round Economic Policy 2030” was adopted within a comprehensive framework defining natural resources and pollution reduction in the face of climate change and achieving sustainable governance in January 2021. Effective use of natural resources.

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He stressed the need for concerted efforts by the government, the private sector and the community to transition to a circular economy, and explained how to think and act in a more circular way to help transform the country into a successful and sustainable circular economy. For the rapid changes that the world is seeing, we need to think of a new economic model that is flexible and ready for challenges, and that sustainable and inclusive economic growth can be achieved by attracting skills by relying on technology and providing jobs in the green sector. Improving investment opportunities in technology sectors, accelerating and maintaining growth.