The green transformation… $ 138 billion in expected Gulf savings

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This came during the participation of the Emirati minister, in a session entitled " green shift In the Middle East"within the works World Economic Forum Which will be held in Davos, Switzerland, from 22 to 26 May 2022, entitled: "The world is at a turning point: government policies and strategies Business sector"With the participation of more than 2,000 government officials and decision-makers.

Al-Marri added that these savings are equivalent to 1% of the cumulative GDP of the Gulf region in the period from 2020-2030. The integration of sustainable green economy initiatives and circular projects will also play a role in reducing emissions by 150 million tons.

He said that the UAE government adopts an integrated national policy aimed at promoting sustainable production and consumption, enabling economic diversification and developing new economic sectors in areas that serve sustainable development and the green economy, most notably promoting the transition towards clean and renewable energy and circular economy applications as an imperative priority for the next stage.

He added that the UAE government is committed to achieving more sustainable consumption and production, and meeting the twelfth goal of the United Nations Sustainable Development Goals 2030, by shifting from the traditional economy model, towards a circular, renewable economy, in which consumption and production operates sustainably within environmental limits, in a manner that ensures Quality of life for current and future generations, indicating that this commitment is in line with the objectives of the National Green Agenda.

He added that the UAE has taken concrete steps in this field, as the UAE government became, in April 2019, the first to sign an initiative "Scale 360" For the Middle East and North Africa, in cooperation with the World Economic Forum, which aims to move towards a more circular economy with the use of fewer natural resources and reduce pollution to address climate change, and in January 2021, the adoption of "The UAE circular economy policy 2030, within a comprehensive framework that defines directions for achieving sustainable management and efficient use of natural resources.

He stressed that the transition to a circular economy requires the concerted efforts of the government, the private sector and society, to consider how to think and act in a more circular way to help the country transition to a successful and sustainable circular economy, explaining that the rapid changes that the world is witnessing require thinking about a new economic model that is high It is flexible and ready for challenges, and can achieve sustainable and inclusive economic growth, by relying on technology and attracting talent, providing jobs in green sectors, and developing investment opportunities in technology sectors that will accelerate and maintain growth.

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This came during the participation of the Emirati minister, in a session entitled ” green shift in the Middle East”, within the works of World Economic Forum Held in Davos, Switzerland, from 22 to 26 May 2022, entitled: “The World at a Turning Point: Government Policies and Strategies” Business sectorWith the participation of more than 2,000 government officials and decision-makers.

Al-Marri added that these savings are equivalent to 1% of the cumulative GDP of the Gulf region in the period from 2020-2030. The integration of sustainable green economy initiatives and circular projects will also play a role in reducing emissions by 150 million tons.

He said that the UAE government adopts an integrated national policy aimed at promoting sustainable production and consumption, enabling economic diversification and developing new economic sectors in areas that serve sustainable development and the green economy, most notably promoting the transition towards clean and renewable energy and circular economy applications as an imperative priority for the next stage.

He added that the UAE government is committed to achieving more sustainable consumption and production, and meeting the twelfth goal of the United Nations Sustainable Development Goals 2030, by shifting from the traditional economy model, towards a circular, renewable economy, in which consumption and production operates sustainably within environmental limits, in a manner that ensures Quality of life for current and future generations, indicating that this commitment is in line with the objectives of the National Green Agenda.

He added that the UAE has taken tangible steps in this field, as the UAE government, in April 2019, became the first to sign the “Scale 360” initiative for the Middle East and North Africa, in cooperation with the World Economic Forum, which aims to move towards a more circular economy with less use. Natural resources and pollution reduction to face climate change, and in January 2021, the “UAE circular economy policy 2030” was adopted, within a comprehensive framework that defines directions for achieving sustainable management and effective use of natural resources.

He stressed that the transition to a circular economy requires the concerted efforts of the government, the private sector and society, to consider how to think and act in a more circular way to help the country transition to a successful and sustainable circular economy, explaining that the rapid changes that the world is witnessing require thinking about a new economic model that is high It is flexible and ready for challenges, and can achieve sustainable and inclusive economic growth, by relying on technology and attracting talent, providing jobs in green sectors, and developing investment opportunities in technology sectors that will accelerate and maintain growth.

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