The recent changes in the weather pattern all over the globe are clearly showing the dangers of global warming. It is feared that the climatic disturbance will create several disasters in different parts of the world due to extreme heat, drought, melting of ice in Arctic and Antarctica etc. Therefore, it is the responsibility of every person and every country to take steps in order to prevent or at least reduce the speed of climate change. Different countries are progressing in the field of green business in order to take part in these efforts. Reduction in coal and fossil fuels, using green products etc. are few such measures taken by different countries for this purpose.
Oil and gas is the main revenue driven industry in the Middle East region. It provides immense wealth to the countries in the area but the same industry is making the place as one of the most polluted ones in the world. UAE is the most innovative country in the whole MENA (Middle East & North Africa) region and one of the most innovative in the whole world. The administration is aware about the demands of the modern world and they are moving ahead towards a healthy and clean living for their citizens and residents.
In this regard, the government has taken several important measures that are increasing the prospects for businesses related to green technology. Following are few important actions that show the seriousness of the government of UAE on the path of providing facilities of green business to the entrepreneurs.
- The construction of Masdar City, an emerging clean technology and renewable city, was initiated in 2006 and the work on its completion is in progress. The city is planned to be totally run on renewable energy (especially solar energy). The headquarter of IRENA (International Renewable Energy Agency) is also located in the same city. This city will provide business opportunity solely to companies related to green technology and it enhances the chances for growth of every type of green business
- The Department of Urban Planning & Municipalities launched Estidma in 2008 that targets residential areas, commercial buildings and government departments so that they can meet the internationally approved environmental standards. According to this program, all the construction projects in UAE must meet these environmental standards by using eco-friendly appliances and methods
- In 2015, the government of Dubai made it mandatory for all construction companies to use ‘green concrete’ in place of the ordinary Portland Cement (OPC). This will reduce dust pollution in the emirate and the toxic emissions can be reduced up to 45%. It has increased business opportunities for alternatives like stone smashing remnants, fly ash etc
- Recently, the Roads and Transport Authority (RTA) has confirmed that around 220 free parking slots will be reserved for EVs (electrical vehicles) in Dubai in 2018
These are just few of the several major steps taken by the government of UAE to enhance the green technology in the country and also to encourage businesses related to this latest and safest technology. These steps also highlight the chances of growth of environmental-friendly businesses in the state. World renowned corporations like du, Vodafone, RasGas etc. are now adopting measures in UAE to ensure their commitment to the green technology.
The whole scenario reveals the prospects for companies related to green business including solar energy, organic food, green building materials, recycling, eco-friendly beauty & fashion, electrical vehicles etc. If you are willing to start your business in one of the above or any other business related to green technology, then you can contact Riz & Mona Consultancy for complete assistance. We provide all kinds of business consultancy including green business consultancy in all parts of UAE. You can contact us via our WhatsApp # 971-56-9971225 or email address [email protected]