Sustainability and Prosperity in Unison: The UAE's Path to Ambitious Targets through Circular Economy and Responsible Practices

Abstract

This article examines the United Arab Emirates (UAE) approach to the concept of circular economy to balance economic prosperity with sustainability. The UAE has set ambitious sustainability targets, including reducing greenhouse gas emissions and increasing the share of clean energy. The UAE has implemented various economic incentives to achieve these targets, such as carbon tax and subsidies for renewable energy investments. Business guidelines, such as the Emirates Green Building Council's rating system and Dubai Sustainable Industry Platform, have also been introduced to encourage sustainable practices among companies. The research shows the UAE's excellent approach to a circular economy has helped promote sustainable development and keep economic growth strong. The country's efforts have led to more industries using renewable energy and environmentally friendly practices. However, the study also identifies some challenges that need to be addressed, such as the need for more awareness and implementation of circular economy principles in some sectors. The research concludes that the UAE's approach to a circular economy is a good way to find a balance between economic growth and environmental protection. It shows how important ambitious goals, economic incentives, and business guidelines are for encouraging businesses and people to act sustainably. The study suggests that the UAE can continue to lead the way in the circular economy by addressing the challenges and promoting circular economy principles more widely