UAE, Canada reconfirm assist to circular economy

DUBAI — The virtual UAE-Canada Higher Stage Function on Round Economic climate was structured by the UAE Round Financial state Council in collaboration with the Planet Financial Forum, to showcase illustrations of Emirati and Canadian leadership in the circular economic system.

The function was chaired by Dr. Thani Bin Ahmed Al Zeyoudi, UAE minister of state for foreign trade and Peter Schiefke, parliamentary secretary to the minister of ecosystem and local weather transform Canada, and moderated by Antonia Gawel, head of round economic system & innovation, Planet Economic Discussion board.

Dr. Al Zeyoudi underlined the UAE’s motivation to turn into one particular of the most circular economies in the earth. The UAE is the initial signatory of the Entire world Financial Forum’s Scale360° Partnership which provides with each other world wide companions to speedy-observe the change toward a circular economic system by embracing Fourth Industrial Revolution systems and innovation.

“The circular economic climate offers worldwide leaders an monumental option to establish a transformative put up-COVID long term that will pave the way for far more resilient, equitable, and sustainable economies about the world. The UAE is proud to be leading on this entrance as a result of the WEF Scale360° initiative, our close partnerships with countries like Canada, and our deep collaboration with personal sector firms these types of as Majid Al Futtaim-Keeping, which has prioritized the circular overall economy throughout its value chains,” Dr. Al Zeyoudi claimed.

In his remarks, Schiefke underlined the superb bilateral connection that Canada and the UAE love. He mentioned that Canada and the UAE “both comprehend the massive opportunity that the changeover to a a lot more round economy presents us.” Schiefke highlighted how Canadian organizations are innovating to carry helpful and impressive clear technologies to market place to resolve environmental troubles.

Schiefke welcomed solid UAE participation at the Planet Round Financial system Forum (WCEF) 2021, hosted by Canada in September 2021. The WCEF2021 will deliver dynamic new voices to the international conversation and acquire an in-depth seem at round possibilities in the North American and world context. It will also check out the “game changing” steps and systemic adjustments required to accelerate the international circular transition.

Gawel stressed that community-private cooperation is critical in shaping world wide, regional, and field agendas competently, successfully and sustainably. Gawel also acknowledged the management of the UAE and Canada in advancing the adoption of the round financial system and commended the UAE for their initiative to provide alongside one another a bilateral dialogue.

Ibrahim Al Zu’bi, main sustainability officer at UAE centered Majid Al Futtaim launched the company’s robust circular financial state technique. Beneath the a short while ago introduced approach, all Majid Al Futtaim running corporations will embed circular financial system concepts into business operations to minimise destructive impacts on the ecosystem and create new profits streams.

Al Zu’bi stated, “Majid Al Futtaim appreciates the chance to be bundled in this superior-amount exchange and recognises the worth of multilateral cooperation in going toward a additional sustainable long term. The start of our new circular economic system marks an interesting milestone in Majid Al Futtaim’s sustainability journey.” — SG