A new circular economy framework has been introduced to accelerate Abu Dhabi’s transition towards a smart and sustainable economy, the Abu Dhabi Department of Economic Development (ADDED) said.
The Industrial Circular Economy Policy framework aims to achieve a 50 percent reduction in industrial process waste, at least 40,000 tonnes a year, and will cover key sectors to ensure 100 percent compliance by 2030, with a 100 percent compliance within the plastic manufacturing sector by 2025. .
“The fundamental role of the industrial sector in promoting sustainability underlines the need for greater commitment to implement the principles of the circular economy in all sectors,” said Ahmed Jasim Al Zaabi, president of ADDED, after the official announcement of the policy during the Abu Dhabi Sustainability Conference. Week 2023 at COP28.
The new framework, which is part of the six transformational programs of the Abu Dhabi Industrial Strategy (ADIS), will guide industrial companies to use resources more responsibly, minimizing waste and environmental impact while maximizing the value and life cycle of products and materials by using resources more efficiently. It is poised to revolutionize the industrial landscape and foster sustainable economic growth.
The policy includes 100 percent recovery and reuse of scrap in the metal and plastic industries, which will have a positive impact on sub-sectors such as electronics, electricity, assembly products, machinery, fabricated metal products and more. As a regulatory requirement, the IDB guarantees 100 percent compliance within the plastic manufacturing sector by 2025.
“Abu Dhabi currently exceeds global averages in the reuse of industrial waste, and our progressive circular economy framework, together with other initiatives in various sectors, ensures that we become a true ‘Green Hawk Economy’,” said Al Zaabi.
The circular economy framework, a departure from the conventional linear “take, make and dispose” model, emerges as Abu Dhabi transforms towards a diversified, smart, inclusive and sustainable economy.
“We are determined to achieve lasting change and ensure that companies in the Emirate take a more responsible approach to resource utilization, integrate ESG principles into their operations, qualify and upskill talent, and adopt green procurement and technology. This strategic direction aligns with our overall philosophy that places human development and sustainability at the center of socioeconomic strategies and plans.”
The framework, overseen by the Bureau of Industrial Development (BID), the arm of ADDED to develop and regulate the industrial sector, is expected to be implemented in the second quarter of 2024.
To encourage industrial entities to adopt circular economy principles and policies, ADDED offers incentive schemes and organizes programs to improve awareness. Specialized monitoring, reporting and verification schemes, including audits, inspections and enforcement, will be implemented to ensure that all industries adopt circular economy practices.
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