Posted on April 21, 2018

The International ‘Achievements Forum 2018, London Summit of Leaders ' was hosted by the Summit of Leaders on 17th April 2018, with the support of the Academic Union, Oxford and the Global Club of Leaders at the Institute of Directors, 116 Pall Mall Street, London,UK. At the evening function Dr.R.Seetharaman, CEO of Doha Bank was honoured with the title of ‘Honorary Professor of the Academic Union, Oxford, UK’. It was attended by key British and world expert’s members of the Oxford Speakers Bureau, Academic Union professors, corporate leaders, investors and like-minded professionals.

On receiving the recognition  Dr. R. Seetharaman gave insight on global carbon emissions. He said “According to recent IEA survey of global carbon levels, Global carbon dioxide emissions 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.U.S. 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 on 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. A green bank finances the deployment of renewable energy, energy efficiency, and other clean infrastructure projects. Green bonds are bonds just like any other that raise capital, but for green projects. Carbon finance provides a means of leveraging new private and public investment into projects that reduce greenhouse gas emissions. Global Environmental Facility requires that co-finance from other public agencies is provided for Global Environmental Facility projects as it expands the resources available to finance environmental objectives. Clean technology fund concessional financing focuses on large-scale, country-initiated projects in power sector, transport sector and energy efficiency. Feed-In Tariffs are payments to ordinary energy users for the renewable energy they generate. PPP are also emerging as a successful business model within the clean technology to create scale and mobilize necessary funding.”

Dr. R. Seetharaman gave insight on the initiatives undertaken under his leadership as part of Green Banking by Doha Bank. He said “Doha Bank has promoted paperless banking, Internet Banking, SMS Banking, Phone Banking and ATM Banking as well as online channels such as Doha Souq, E-Remittances and Online Bill Payments. It has launched Green Credit Card and Green Account. It also has a dedicated Green Banking Website which integrates the bank’s initiatives in promoting environmental safety with the community by reaching out to both the public and private sectors. Doha Bank conducted Green Quiz with Global warming and climatic changes as a central theme to spread awareness in various countries across the Globe. Doha Bank was involved in Project financing for supporting the construction of Qatar General Electricity & Water Corporation’s Water Security Mega Reservoirs Project. It has also provided term loan for Emirates Central Cooling Systems, which provides Efficient District Cooling Services (DCS) to developments in Dubai and the surrounding region. Doha Bank has tracked the developments pertaining to various Conference of Parties (COP) meetings of United Nations Framework Convention on Climate Change (UNFCCC).”