Daijiworld Media Network - (SR)
Abu Dhabi, Apr 9: The UAE government has become the first signatory to the 'Scale 360' initiative in cooperation with the World Economic Forum on the Middle East and North Africa (MENA). The initiative aims at moving towards a more circular economy while using less natural resources and reducing pollution to tackle climate change.
Throuh this innovative step, UAE reassures its position as a global and an open laboratory for economic and technological innovations in line with UAE Vision 2021 and the Centennial Strategy 207.
Dr Thani bin Ahmed Al Zeyoudi, minister of Climate Change and Environment; Omar bin Sultan Al Olama, minister of State for Artificial Intelligence and Borge Brende, president of the World Economic Forum together signed initiative from the UAE side.
The signing took place during the participation of the World Economic Forum on the Middle East and North Africa. It translates the strategic directions of the UAE government into practical initiatives by creating and enabling a sustainable infrastructure to support the growth of the economic, social and environmental sectors.
Dr Thani Al Zeyoudi said, "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. 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."
Omar Al Olama said, "The UAE’s signing on Scale 360 launched by the World Economic Forum reflects the government's commitment to employ the Fourth Industrial Revolution’s technologies for a better future for communities while joining the global efforts to sustain the environment for future generations."
"Artificial Intelligence is a major contributor to the sustainable development efforts and recycling initiatives. We seek to emphasise the need to adopt artificial intelligence in development strategies," the minister added.
The initiative acts as a model for a circular economy by employing the technologies of the Fourth Industrial Revolution in order to keep resources as long as possible, extract the maximum value from them whilst in use, also recover and regenerate products and material at the end of each service life.
This inventive concept also aims at minimising waste by designing eco-friendly and recyclable commodities to ensure the consumption even after the shelf- life in order to achieve efficient use of natural resources.
The Fourth Industrial Revolution technologies are used today to tackle the challenges and envision a new way of managing our resources. Scale 360 is expected to provide enormous potential that can reduce waste and recycling resource efficiently as the foundation of future cities and sustainable economy.
According to World Economic Forum report, if companies focused on encouraging the build-up of circular supply chains, over US$1 trillion a year could be generated by 2025 for the global economy and 100,000 new jobs created within the next five years to increase the rate of recycling and re-manufacturing.