Manama: The Kingdom of Bahrain is committed to develop renewable energy as part of the Vision 2030 for creating a sustainable future for energy sector by maximizing the use of technological advances, thanks to the guidance of the wise leadership of Bahrain.
This was stated by HE Dr Abdulhussein bin Ali Mirza, President of Sustainable Energy Authority, Bahrain during a Seminar on ‘The Power of Finance in Developing a Sustainable Environment’ hosted by Standard Chartered.
Addressing the session, HE Dr Mirza through a detailed presentation highlighted the salient features of the government’s efforts to help achieve 2030 Sustainable Development Goals (SGDs) for Bahrain and its global role as a part of global community.
Key note speakers were H.E. Dr. Abdul Hussain bin Ali Mirza, President of the Sustainable Energy Authority (SEA) and H.E. Dr. Mohammed bin Daina, Chief Executive of the Supreme Council for Environment.
During panel discussion experts deliberated upon the role of the financial institutions to finance the sustainable energy projects and support the Kingdom of Bahrain’s economic development. The seminar held at Bahrain Fort Museum, attended by government officials, financial sector experts and bank executives.
H.E. Dr. Mohammed bin Daina, also stressed upon highlighted the role of the private sector to invest in a green environment and urged the financial sector and banks to take a more proactive initiatives towards a green economy.
“On behalf of Standard Chartered, we have been honored our distinguished key note speakers, His Excellency, Dr. Abdul Hussain bin Ali Mirza, President of the Sustainable Energy Authority, and His Excellency, Dr. Mohammed bin Daina, Chief Executive of the Supreme Council for Environment,” Mr Abdulla Bukhowa, CEO of Standard Chartered Bahrain, said.
“The question of how the financial sector can support environment protection and the development of sustainable energy, is becoming increasingly important now, as we witness a global shift, not only in how global citizens think and behave towards the environment, but also, in how financial organisations have also taken the social and economic responsibility to address this shift by providing sustainable finance solutions.”
“This is very important given the UN’s 2030 Agenda for Sustainable Development Goals and the Paris Agreement on climate change, which have provided an ambitious framework to keep global warming within safe limits,” he added.
The interative panel discussion included Ms. Deniz Harut, Executive Director of Sustainable Finance at Standard Chartered, Dr. Jarmo Kotilaine Chief Planning and Operating Officer at Tamkeen, Dr. Ali Adnan Ibrahim, Global Head of Sustainability and Social Responsibility at Al Baraka Banking Group (ABG) and Alexander Al Samahiji Acting Executive Director at the SEC who addressed this global shift by talking about Bahrain’s new sustainable energy framework, investing in the environment, the role of banks in funding sustainable projects, in addition to the impact of sustainable and responsible finance and investment on the financial sector and the economy.
