The Circular Economy Policy Committee is exploring ways to promote circular economy practices in the private sector, including SMEs

Abu Dhabi: The Policy Committee of the UAE Circular Economy Council held its third meeting for 2023 under the chairmanship of HE Abdulla bin Touq Al Marri, Minister of Economy and Chairman of the UAE Circular Economy Council. The meeting discussed progress in implementing the objectives of the UAE’s 2031 Agenda for the Circular Economy, as well as the means to strengthen circular economy practices in the private sector.

HE Bin Touq said: “The UAE is steadily moving towards a new economic model based on knowledge and innovation. The circular economy is one of its fundamental pillars, whose economic and development benefits are in line with the country’s strategies aimed at consolidating the UAE’s status as a global economic center full of growth and prosperity opportunities and doubling GDP in the light of the “We”. UAE Vision 2031.”

The committee meeting also discussed accelerating the implementation of the country’s circular economy strategy in four key sectors: manufacturing, food, infrastructure and transport under the 22 policies adopted by the UAE Circular Economy Council in 2022.

Also discussed were the UAE’s circular economy strategy and the means to strengthen circular economy practices in the private sector, including SMEs and start-ups, which is one of the key objectives of the UAE’s circular economy agenda. This is key to promoting sustainable economic growth and creating more jobs in the local market.

During the meeting, the results of Roland Berger’s Global Strategic Management Study, supported by Emirates Global Aluminum and the UAE Aluminum Recycling Coalition, were reviewed to assess the status of aluminum can recycling in six Asian countries: the United Arab Emirates, Australia and South Korea, Thailand, Vietnam and Cambodia. In addition, the possibilities of using the study results to strengthen the UAE’s position as a global leader supporting international efforts in the field of environmentally friendly development and recycling of aluminum cans were explored.

The meeting was attended by representatives of the Committee’s member bodies from federal and local governments, representatives of academic institutions and leading national and international companies specializing in sustainability and circular economy activities. These include HE Eng. Aisha Al Abdouli, Acting Assistant Secretary of the Ministry of Climate Change and Environment for the Green Development and Climate Change Sector and Vice Chair of the Committee, Fatima Ghanem Al-Hajri, Head of Investment and Talent at the Ministry of Economy; Samah AlHajeri, Director of Cooperatives and Strategic Reserves at the Ministry of Economy; Miranda Schnetger, representative of Ellen MacArthur; and Dr. Ki Wong from the World Resources Institute.

In March 2023, the UAE Cabinet adopted the UAE Circular Economy Agenda 2031, which provides a general framework for implementing the country’s circular economy agenda. The agenda included the development of 22 policies and the Policy Committee is the first standing committee of the UAE Circular Economy Council. It undertakes multiple tasks to support national efforts to implement circular economy policy, including studying and assessing the challenges in implementing circular economy and proposing appropriate policies. In addition, the committee examines initiatives and projects that will help accelerate the transition to this important economic model and presents its recommendations to the UAE Circular Economy Council.

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