Lebanon to boost economy via green investments
Lebanese economists, bankers and experts invest in the green sector to raise economy
More investment in the green sector has been requested by economists, bankers and experts for opportunities to grow Lebanon’s overall economy.
The aim is to promote environmentally friendly practices that aid customers in reducing their carbon footprint through their banking operation activities.
Vice governor at the Central Bank of Lebanon, Haroutioun Samuelian, highlighted Investing in environmentally friendly projects crucial to boosting the green economy.
The framework, include loans accessible to turn old and existing projects into environmentally friendly projects as well as investing in new ones.
Samuelian’s explanation were said during the Arab Green Economy Forum organized by the General Union of Arab Chambers of Commerce, Industry and Agriculture and Liban Pack held Wednesday at the Adnan Kassar Edifice in Jnah.
Samuelian cited the International Energy Agency as saying annual investments of around $750 billion would be needed until 2030 to reduce carbon dioxide emissions 50 per cent by 2050.
In light of the deterioration of the environment in the Arab world, Adnan Kassar, president of the General Union of Arab Chambers of Commerce, stressed the need to adapt green practices adding that proper environmental conditions were a requirement to successful performance of economic activities.
Ziad Bekdache, vice president of the Association of Lebanese industrialists, addressed the point of raising awareness among industrialists to adopt cleaner production methods.
He called upon the Lebanese government to support the concept of green industries to improve industrial development and increase sustainability in the country.
