An international expert: the green economy to achieve comprehensive development
[rtl] BAGHDAD - morning
heading a lot of economies to pay great attention the green economy to be an active participant in the development process and achieve global economic growth, especially as the United Nations Development Programme estimated volume of investments in this area that it touches the 109 trillion dollars by 2020.
World Union of Arab Bankers member d. Sadiq al - Shammari said that green economy concept works on the development of many economies in the world in order to contribute to global economic growth process, as he works to improve the social and health and in-kind situation and human well - being and social equality , including reducing the environmental risks. Jobs added in an interview with «morning »that green economy toachieve growth in income leads to the well - being and happiness of man, as well as employment and job opportunities , and large segments of society and the reduction of carbon emissions from the various uses of growth. He called Arab banks set aside aportion of their deposits to the adoption of small and medium - especially those committed to them the green economy with a given price projects benefit in honor of theChinese experience in this regard, as well as the introduction of legislation and laws encourage the transfer of small and medium enterprises from the informal to the formal sector, as well as provide a legislative framework that makes it green projects achieve the highest degree of economic feasibility in the world. He noted that the United Nations environment Programme estimates indicate the arrival of global investment in energy which cause the greenhouse gas emissions of up to $ 109 trillion by 2020 , at a time when an estimated accounts portfolio of venture sustainable development in the Arab region by less than 1 percent of gross domestic product as there is a need to green banks. financial support Shammari said: the green banks can be described as financial institutions that use public funding to benefit from it in clean energy financing, they are public or semi - public availability of low - cost financial support, and long - term projects with low carbon emissions and increasing faithful efficient use of resources and to accommodate all social groups through benefit public funding through the use ofvarious financial mechanisms to attract investment own. in spite of the green banks may take different forms , there are several structures should be taken into account, where itcan be for these banks to be based semi - independent entity this structure allows thehighest degree of flexibility and independence, you can do green Bank through the list of a governmental body, and can be combined with another bank 's biggest , where can its inception as a subsidiary separate. taxes and fees and proposed funding sources Shammari said , can be financed from environmental taxes and charges andinternational aid organizations interested in the economy: the green and the issuance ofbonds to investors from the sector the private, as well as capital revenue yields commercial auctions of private institutions at the state 's theory of applied when creating a green bank 's legal system. Shammari stop when successful Arab experience to finance the transformation of green economy and said that the joint lepap between theCentral Bank of Lebanon and the Ministry of Environment and the World Bank initiative represents a new challenge to be the work as possible to make it a success because it represents a key step to develop the industrial sector through the provision of funding and technical assistance to comply with environmental compliance conditions that constitute mainly in corporate social responsibility, pointing to the success of the initiative in providing more than 260 loan for energy and the rest of the backlog has now reached $ 380 million , or achieve significant growth in the big energy market and create 6,000 jobs. meet the challenges and said that this step requires the provision of institutional support of governments, associations and entities designated, small and medium enterprises due to lack of institutional capacity to meet new challenges in a green field, indicating the importance of the work of media programs to demonstrate the importance of the transition to a green economy and a statement that it does not threaten theworkers but would create more jobs. and the need to determine the percentage of from the capital fund to support small and medium enterprises , which established theeconomic and social development summit , the first (2009) to support projects that are sustainable ones that preserve the environment or rather that adhere to green economy and private. [/rtl]