Highlighting The Role of UAE’s Government Policies in Transition Towards “Circular Economy”

Abstract

There is a widespread debate about sustainability and economic growth without posing threats on the planet and humanity. United Arab Emirates (UAE) has set a vital example to be part of UN Sustainable Development Goals (SDGs) as according to Agenda 2030. This paper assesses the policies and plans on accelerating the implementation of the circular economy model in four main sectors—manufacturing, food, infrastructure, and transport. The overall discussion has highlighted the UAE government plans in creating a circular economy. Moreover, we are also looking the government potential plans in this process, suggesting effective policies such as capacity building, renewable energy, waste management, awareness, and monitoring. Current study emphasizes that transitioning to a circular economy presents both a significant opportunity and an enormous challenge. An opportunity in that the commercialization of low-carbon solutions, including clean energy technologies, can further catalyze an important emerging market and support the transformation of the UAE energy sector. This initiative is even greater when you consider the requirement to make investments today for benefits that will materialize well into the future. A successful achievement of SDGs will require close coordination between policies, technology and capital, at the core of which is partnership between the public and private sector as well as opportunities to collaborate with countries around the world.