The UAE cabinet approved the country’s joining to the Global Alliance on Green Economy, led by the World Green Economy Organization, which aims to launch programs and initiatives, create sustainable funding, and establish partnerships among developing countries to ensure an effective transition.

Emirates News Agency (WAM) reported that joining the Alliance would support the UAE’s preparations to host the 28th session of the Conference of the Parties (COP 28).

Vice President, Prime Minister, and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum chaired the UAE Cabinet meeting at Qasr al-Watan Abu Dhabi.

The Prime Minister said: “We approved the joining of the UAE to the Global Alliance for Green Economy, which aims to consolidate the global transformation towards a more sustainable economy to preserve the environment in preparation for the UAE to host the COP28 next year. We wish Egypt all success in the current session.”

The cabinet approved the convening of the UAE Government Annual Meetings on November 22nd in Abu Dhabi.

The meetings will be attended by 500 senior federal and local officials, aiming to review performance during the previous year, and agree on the most critical development projects at the national level for the following year.

Sheikh Mohammed said that the cabinet meeting approved a comprehensive development project for the federal government staff to enhance the readiness for the future by training on the skills required for the coming period.

“In our meeting, we also adopted a new policy to support the local product by changing the customs exemption policy so that the exemption is for imported materials that are included in industries that are not locally available,” said the Prime Minister.

He noted that the “goal is to encourage factories to use locally produced materials to support them.”

The cabinet adopted a new policy for pricing essential consumer goods in the country under the control and follow-up of the Ministry of Economy in coordination with the relevant local authorities.

The policy aim to ensure control over the commitment of basic commodity providers and sales outlets to pricing per the policy.

The policy included nine basic consumer commodities: cooking oils, eggs, dairy, rice, sugar, poultry, legumes, bread, and wheat.

The cabinet also adopted a decision regarding the establishment and organization of the Owners Association.

The law aim to regulate the establishment of the union, registering and publicizing it, its management, and the meetings of its general assembly.

The council adopted a decision regarding administrative penalties for the provisions of the Federal Law Decree regulating the connection of distributed renewable energy production units to the electrical grid.