Bank Audi signs Climate Act; promises of a better environment
Bank Audi signed the Lebanon Climate Act; an innovative platform in developing a climate for sound Lebanese economy in line with environmental concerns, launched on Saturday June 18, 2016, at Saint Joseph University - Beirut.
The Lebanon Climate Act is a program organized by Green Mind in collaboration with the United Nations Development Program (UNDP) under the patronage of Central Bank Governor H.E. Riad Salameh. The program mainly aims at creating economic growth in a way that also creates value for the society by addressing Climate Change challenges. The Lebanon Climate Act was launched through an inspiring Power Panel by Governor Salameh, Mr. Carlos Ghosn, CEO of the Renault-Nissan Alliance, Mr. Luca Renda, UNDP Lebanon Country Director, Mrs. Nada Zaarour, President of Green Mind, and moderated by Mr. Gilbert Tegho, CEO of e-EcoSolutions.
The Panel addressed more than 250 individuals of the private sector’s elite CEOs and decision-makers, to empower them towards catalyzing their involvement in the wider climate change community, providing a space for businesses to showcase and support climate action, through concrete initiatives and multi-stakeholder approaches and thus, helping them contribute in a sustainable and profitable manner to a strong and effective response to climate change.
Governor Salameh declared that economic growth cannot be achieved without environmental initiatives that protect our country’s environment and our health. “The Central Bank is greatly backing up and believes in the Lebanon Climate Act initiative, which complements the financial incentives that the Central Bank has already put in place to support the development of environmental projects through subsidized environmental loans [...] More than 500 million dollars have been invested in the construction industry through low interest loans over 7 years.” He asserted.
Mr. Carlos Ghosn highly supported the Lebanon Climate Act initiative and said: “Climate change is a threat, but there are many solutions and many opportunities to overcome the challenge, and that is where business comes on the table. All the sectors have to contribute in order to get results while witnessing economic growth. The reality comes in changing mindsets, changing products, acting.” Mr. Ghosn mentioned that “the solution comes in a combination between technology development on one side, and taxation and financial incentives that can get the real drive towards eco-friendly products and towards reaching our CO2 reduction goals on the other. We should be ready to tackle the hard tasks to put things in action and to reach our objectives.”The Lebanon Climate Act was launched with the “وقفّ نفسك دقيقة ليرجع يتنفس لبنان” (hold your breath for a minute so that Lebanon can breath) campaign through which hundreds of Lebanese citizens have expressed their support to the program and urging the private sector to join the Act through holding their breath for one minute, filming it, and sharing it on social media.
As stimulating, powerful and engaging as it was, the event of June 18 was only the launch of the Lebanon Climate Act’s one-year program, it has prepared a roadmap of support sessions for the private sector and the Non-Governmental Organizations entitled “The Business Knowledge Platform”, that was hosted by the Chamber of Commerce, Industry and Agriculture of Beirut & Mount Lebanon. This platform aims at enabling businesses to design and implement activities to reduce the impacts of climate change and capturing success stories to inspire others. Participants will be taken through the fundamentals of climate change and how organizations can measure and manage their impact, using case studies and practical exercises and tools. It provides the essentials for establishing a credible strategy and developing leadership in the field of climate change.