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Wednesday, October 20, 2021

Create Green Economy and Globalise Carbon Trading to Bring in Sustainability


The Doha Global Business Day took place on 3rd December 2012 at the Diplomatic Club in Doha. It was co-organized by the World Business Council for Sustainable Development (WBCSD) and the International Chamber of Commerce (ICC) in the context of the United Nations Climate Conference. Dr. R. Seetharaman, Doha Bank Group CEO participated in the panel discussion “Long-term Visions for Economic Growth Opportunities in the Middle East Region” held on Doha Global Business Day which was hosted by KPMG.

Speaking on the occasion Dr. R.Seetharaman highlighted the importance of Green economies. He said “Green economies mainly focus on the eco system. Creating green economies and globalizing carbon trading will protect our children and grand children. The welfare of future generations should be taken into account in current economic decisions. Green economies should encompass renewable energy, clean transportation, water and waste management. A key element for establishing a successful global green economy was guaranteeing the availability of sustainable energy for all. It calls for stronger government policies, public-private partnerships, and collaboration between businesses, academia, technology providers, financial institutions and civil society to further secure the longevity of green industrial development throughout the world.”

Dr. R.Seetharaman gave his insights on climate change. He said “The UN Climate Change Conference (COP18/ CMP 8) held at Doha encourages all parties to combine their efforts in fighting against climate change. Developing countries are the first affected by climate change and degradation of the environment. Floods, drought, and earthquakes are the most visible effect which put at risk the economic and social development. In the recent years Qatar has also given importance to renewable energy such as wind and solar.“

Dr. R. Seetharman explained key actions to promote sustainability. He said “Invest in key resources and natural capital such as water, renewable energy and marine resources. They could become areas for future economic growth. Combine market and regulatory instruments. Improve governance and encourage private sector involvement. Banking should encourage the use of eco-friendly technology in its products and services. Basel 3 should encourage a risk framework which should promote sustainability. “

Dr. R.Seetharaman gave his insights on measures to encourage Climate change financing. He said “Comprehensive energy and climate change policies that accelerate the deployment of energy efficiency, cleaner energy, renewable energy and green buildings should exist. Policies should be their to support investment in renewable energy generation, including measures that support the access for electricity generated from renewable energy sources. Creating Green economy and globalizing carbon trading to bring in sustainability.”



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