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Wednesday, October 20, 2021

Green economies are the growth models for global sustainability

The International Workshop and Conference on Renewable energy and Climate Change – Exploring opportunities for sustainable development( IWRECC) – 2012 was jointly organized by Thiagarajar college of Engineering -Madurai ,Planters energy network, Centre for awareness and research in environment, Pondicherry and Ministry of new and renewable energy, Govt of India at Madurai Kamaraj University between April 5-7, 2012 to discuss emerging issues and solutions with reference to energy and climate change. Notable scientists including Mr. M.S. Swaminathan, Chairman, MS Swaminathan Research Foundation, top international academicians, research scholars and government servants attended this event.


Mr. R. Seetharaman, Chief Executive Officer - Doha Bank spoke on “ International efforts on Climate change and Mitigation” on 5th April 2012. While highlighting the rationale for climate change he said “Global warming will lead to a rise in the level of the oceans and seas, causing a serious deterioration of the climate over the next 1,000 years. Burning of fossil fuels and the gases produced – especially carbon dioxide – were responsible for most of the temperature increases recorded during the second half of the last century. Forecasts the level of the oceans and seas will rise by between 18cm and 59cm by the end of the century as a result of the melting of the ice caps at the two poles. International efforts to mitigate climate change needs improvement to meet the goal of keeping global warming to below 2 degrees Celsius above pre-industrial levels. Developing countries such as India are affected by climate change and degradation of the environment and the most visible effects include floods, drought and earthquakes These put at risk the economic and social development at the global level. However with appropriate climate and energy policies, renewable energy sources can contribute substantially to human well-being leading to positive effects including stablisation of the climate”

Mr. R. Seetharaman highlighted the efforts of United Nations (UN) in supporting climate change. He said “The international political response to climate change began with the adoption of the United Nations Framework Convention on Climate Change (UNFCCC) in 1992, setting out a framework for action aimed at stabilizing atmospheric concentrations of greenhouse gases. Under this Convention, Governments gather and share information on greenhouse gas emissions, national policies and best practices. Governments launch national strategies for addressing greenhouse gas emissions and adapting to expected impacts, including the provision of financial and technological support to developing countries and cooperate in preparing for adaptation to the impacts of climate change

Mr. R. Seetharaman mentioned the efforts of Copenhagen Accord which happened in Dec 2009. He said “Though the accord was non – binding it endorsed the continuation of the Kyoto Protocol. It recognised "the scientific view that the increase in global temperature should be below 2 degrees Celsius", in a context of sustainable development, to combat climate change. It agreed that developing nations would "implement mitigation actions to slow growth in their carbon emissions.”

Mr. R. Seetharaman highlighted the key developments at UN conference at Cancun, Mexico in 2010. He said “The agreement calls on rich countries to reduce their greenhouse gas emissions as pledged in the Copenhagen Accord, and for developing countries to plan to reduce their emissions Formal backing was given for the UN's deforestation scheme, Redd (reducing emissions from deforestation and degradation), under which rich countries pay poorer nations not to chop down forests and so lock away carbon emissions. Countries agreed to the principle of having their emissions cuts inspected.”

Mr. R. Seetharaman explained the developments in UN conference held at Durban in Dec 2011. He said” Durban platform", is notable as it includes developing countries such as China and India. The terms of the future treaty are to be defined by 2015 and become effective in 2020 the agreement, referred to as the "Durban platform", is notable. The deal extends Kyoto, whose first phase of emissions cuts run from 2008 to the end of 2012. The second commitment period will run from January 1, 2013 until the end of 2017. The conference led to progress regarding the creation of a Green Climate Fund for which a management framework was adopted. The fund is to distribute US$100bn per year to help poor countries adapt to climate impacts.”

Mr. R. Seetharaman, Chief Executive Officer - Doha Bank also mentioned the other efforts happening at the GCC and Global level in relation to climate change. He said “The State of Qatar supports the efforts of the United Nations Millennium goals, the ongoing negotiations under the United Nations Frameworks Convention on Climate Change and all international efforts aimed to address the phenomenon of climate change. IMF is also planning a $100bn fund to mitigate climate change. The 18th session of the Conference of the Parties (COP 18) to the UN Framework Convention on Climate Change (UNFCCC) is being held in Doha, Qatar in 2012”

In his concluding remarks Mr. R.Seetharman said” Climate change is a global challenge which requires an ambitious global response and a green economy will protect the planet from the worst effects of climate change. Hence it is necessary that we contribute to the development of Green Economy. Green economy is mainly based on sectors such as renewable energy, green buildings, clean transportation, water management, waste management and land management. Green economies are the growth models for global sustainability”

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