Economic transformation… the Emirati model | Mohamed Al-Sayyad

Dr. Mohammed Al Sayyad *
The UAE and Saudi Arabia started policies not far from the general directions of the Green New Deal. It is a policy that we call the policy of economic structural transformation. It goes deeper and wider than economic diversification. Let us first consider the nature of the UAE’s structural transformation policies with a green economic orientation, aligned with climate change rights and with global qualitative transformational economic trends.
In January 2012, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, May God Protect, launched the Green Economy Initiative under the slogan: A Green Economy for Sustainable Development. Under this initiative, the UAE aims to become a global center and a successful model for the new green economy, with the aim of enhancing the country’s competitiveness and sustainability and preserving the environment for future generations, as well as a center for the exporting and re-exporting green products and technologies, and maintaining a sustainable environment to support long-term economic growth while protecting the environment.
The initiative included a series of programs and policies in the fields of energy, agriculture, investment, sustainable transport and new environmental and construction policies. The first area of ​​green energy aimed at promoting the production and use of renewable energy; The second area included government policies aimed at encouraging investment in the green economy and facilitating the production, import, export and re-export of green products and technologies; The third area was concerned with developing urban planning policies that protect the environment and upgrade environmentally friendly homes and buildings; The fourth area was devoted to resources to address the effects of climate change, promote organic farming, conserve biodiversity and protect ecological balance. The fifth field focused on rationalizing the use of water, electricity, natural resources and recycling waste. The sixth area focused on the development and promotion of green technology.
In November 2015, His Highness Sheikh Mohammed bin Rashid Al Maktoum announced the Emirates Energy Strategy 2050. The strategy aims to increase the contribution of clean energy to the total energy mix to 50%, achieve a balance between energy supply and demand and ensure an economic environment conducive to growth in every sector. This strategy is implemented through the “UAE Sustainability Initiatives”, which include: increasing consumption efficiency by 40% for individuals and companies, securing clean energy by 50% and reducing the carbon footprint by 70% %. The emirates of Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah have also launched initiatives for Abu Dhabi including: waste diversion by 15%, energy savings by 22%, water savings by 32% and renewable and clean energy; For Dubai: 20% renewable energy, 30% energy savings, 30% water savings and 75% clean energy insurance; For Sharjah: 30% water saving, 30% energy saving; As for Ras Al Khaimah: 20% energy savings, 20% renewable energy savings and 30% energy savings.
Perhaps the speech of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, may God protect him, at the government summit held in Dubai on February 13, 2015, in which he emphasized that “the best bet in this period of time if we have wealth is to invest all our resources in education.” For there will come a time, in 50 years, when we will load the last barrel of oil on board.” And the announcement of His Highness Sheikh Mohammed bin Rashid Al Maktoum, after the extended ministerial retreat on January 30, 2016 at the Bab Al Shams resort in Dubai, “that we will celebrate the export of the last barrel of oil” – are the last words in the qualitative economic structural transformation (economic transformation) taking place on the The reality in the UAE, which approaches the idea of ​​the Green New Deal, is not with US or Western European specifications, but rather with local Emirati specifications of some sort called localized technology, or localized technological change.

* Bahraini writer

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