The UAE government has become the first to sign Scale 360, an initiative that aims to reduce pollution and tackle climate change.
The initiative was signed by Dr Thani bin Ahmed Al Zeyoudi, minister of climate change and environment, and Omar bin Sultan Olama, minister of state for Artificial Intelligence, during the World Economic Forum on the Middle East and North Africa in a bid to create a sustainable infrastructure that supports the growth of the economic, social and environmental sectors.
Scale 360 provides a model for a circular economy that employs the technologies of the Fourth Industrial Revolution in order to keep resources in use for as long as possible, extract maximum value from them while in use, then recover and regenerate materials at the end of each service life.
This economic concept minimises waste by designing recyclable and renewable goods to ensure utilisation beyond the end of their shelf life.
A World Economic report indicated that over $1 trillion (approximately AED 3.67 trillion) a year could be generated by 2025 for the global economy and 100,000 new jobs created within the next five years if companies focused on encouraging circular supply chains to increase the rate of recycling, reuse and remanufacture.
“The UAE’s success in linking development plans with environmental considerations is the result of the leadership’s endless support in promoting development while maintaining the sustainability of our natural resources which contributed to a global leading model,” Dr Thani said.
“We seek to promote Scale 360 to existing and future projections in order to ensure the conservation of resources, greater reliance on clean energy, the application of sustainable development standards, as well as create future opportunities for the youth in the region.”