(MENAFN- The Peninsula) The Peninsula
DOHA: Doha Bank CEO Dr. R. Seetharaman was honoured with the title of ‘Honorary Professor of the Academic Union, Oxford, UK' at the International ‘Achievements Forum 2018, London Summit of Leaders ‘. The event was hosted by the Summit of Leaders last week, with the support of the Academic Union, Oxford and the Global Club of Leaders at the Institute of Directors, London,UK.
Leading personalities, including members of the Oxford Speakers Bureau, Academic Union professors, corporate leaders and investors attended the function.
In his acceptance speech, Dr Seetharaman shared his thoughts on Climate Change. Citing IEA data, he noted global carbon emission rate has surged to record levels in 2017 after the landmark 2016 Paris climate agreement was signed. Asia accounted for two-thirds of the increase in global carbon emissions.
Carbon dioxide emissions also climbed in the European Union by 1.5 percent in 2017, mainly due to strong demand for oil and gas. US Carbon emissions in 2017 reported, a decrease of 0.5 percent from 2017.China's economy emissions increased by 1.7 percent.
Green Banking promotes environmental-friendly practices and reducing carbon footprint from the banking activities. The carbon footprint will be different across various geographies and economic sectors and hence country wise and sector wise allocations should be explored. Green Banking is the solution for sustainable development.
Dr. R. Seetharaman highlighted the innovative ways of climate change financing. He said 'Green Banking, Green Bonds, Carbon Finance, Global environmental facility, clean technology fund, Feed in tariff and PPP models are some of the ways of financing.
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