Green Banking Policy of Bangladesh Bank
1. Introduction:
The world temperature is rising day by day and global warming is being burning issue of time. There is no debate among the scientist community that global warming is affecting our ecosystem and human activities are the primary causes. Now this is the demand of time to do something for saving our planet from global warming in individual, national and international level. Since the Industrial revolution Bank plays a vital role in finance sector. This sector has been feeling that they can take a key responsibility to accelerate the initiative of climate Change issues. Green Banking is a Banking initiative for protecting our environment. Green banking is the performance of the banking specific act giving especial attention upon the ecological, environmental and social factors aiming at the preservation of universe and natural resources. Such a commencement can make secure a safe dwelling for upcoming generation. Already Bangladesh Bank has announced circulars regarding about green banking. Early as this Bank have been made a request to make their by oneself green banking policy. Green Banking suggests environment-friendly or eco-friendly banking to quit environmental reduction to prepare this planet more fit to live in. This reaches in various frameworks. Arranging for experimental green products: utilizing online banking instead of branch banking, paying bills online in place of mailing them, act of buying green mortgage, starting up of CDs, green credit cards and money market accounts at online banks instead of large multi-branch banks or searching the local bank in your area that is taking the considerable steps to support local green initiatives. Green Banking is a multi-sta...
... middle of paper ...
...Five Year Plan (FY 2011-15) proclaim clear obligation of pursuing maintainable growth. The country’s sensitivity to cyclones, floods and to the danger of inundation of spacious coastal areas from global worming urged forward sea level rise types sustainability a major developmental affect.
The central bank circulated policy guidelines for green banking on February, 2011. In accord with the guidelines, all functioning banks and financial organization need to take production measures to manage environment kindly banking actions in the country. Bangladesh Bank has also announced a common reporting structured to all the commercial banks to inform green banking undertaking involving the extent of carbon footprint in an organized way. Banks and financial organizations now usually present a quarterly report to Bangladesh Bank on their execution of green banking actions.
Climate Change and Global Warming cause sea levels to rise. This increase in sea levels not only causes inundation of low lying and coastal areas but also irrevocable damage to coastal environments. Globally the ocean is predicted to rise nearly 140 cm on a global scale by the year 2100 (Cooper et al. 2013); therefore this has massive implications for countries all around the world with cities (settlements etc.) based near bodies of water. When compared to the last 80 years this is an acceleration of nearly twice the rate that ...
In the developing wold, both population and economy depend on the environment. Nowadays, climate changes and other environmental problems have a huge impact in the developing world.
In unit 3 we learned about sustainability, our ecological footprints, oil resources as well as trade. The sustainability dilemma is divided into three sections that each show a way the earth is struggling to sustain us. When studying population, we learned that the global population is slowing down, but will continue to increase for at least thirty years. Furthermore, in unit 4 we learned about population change. When studying exponential growth, we learned the United Nation has three predictions for the future global population. These predictions include our population increasing rapidly, decreasing rapidly and stabilizing. These two ideas are connected because they both explore the future of our population. The diagram represents
The government allowed much of these unsustainable activities to occur without understanding the large scope of consequences it has. With land degradation, the country will not be able to “feed its population, provide water, develop the tourism industry, and diminish vulnerability to natural hazards”. Without the political will of the government, none of these issues can be addressed or minimized. The government needs to involve its efforts and funds to develop land use planning and to protect its resources in order to protect its future generations and the future of the country (Castro, Mataya, and Stark, 2007, p.
The two environmental factors that affect my company will be one internal which is training and second one is external the competition. As working for Bank of America I know that the internal environmental factor that is need to be improved is the training. The management and the executives have to make decision about to make the training a little bit affective. As being new employee it is very hard to help customers with their financial needs because there is not enough training and information that new trainees can learn to help their customers. It is hard decision to make because the learning time will take longer. Even though, the new employees will have more knowledge, but the company will loos the money and time on spending on them.
...st continuous rate, showing no signs of slacking. With the continuous rise in global temperature sea levels are predicted to continue to rise at an alarming rate, unless measures are put in place to reduce the rise in climate change.
...duct research and assessments on the projected impact of climate change in order to increase resiliency, adaptability, improve infrastructure, and implement these type of plans into the National Infrastructure Protection Plan and the Strategic National Risk Assessment (CNA Military Advisory Board, 2014). Strategic planning for the potential impact of climate change should also consider the water-food-energy nexus, which is essentially the linkage between water and energy for food production (agriculture and livestock) and is incredibly important because it increases global food security (CNA Military Advisory Board, 2014). It is also notable that rising sea levels can impact defense infrastructure in many ways including reliance on surrounding communities, transportation, energy, and port facilities, ultimately hindering response (CNA Military Advisory Board, 2014).
The most recent reports of corporate social responsibility (CSR) of Well Fargo, is an example of how a massive bank can run an extensive sustainability program. One way in which Wells Fargo is showing its sustainability credentials is by becoming one of the more aggressive and creative lenders within the financial area. Times when banks were often hesitant to lend money to anyone, Wells Fargo claims to have invested more than US$37 billion in loans and investments within the clean technology and green building sectors, since 2012 — already crossing the company’s goal of US$30 billion in such investments by
Hoffman, J. (2007, May). The maldives & rising sea levels [Fact sheet]. Retrieved March 16, 2014, from Ice Case Studies website: http://www1.american.edu/ted/ice/maldives.htm
According to the World Bank Development Report 2013 there has been an increase in global surface temperature of 0.4 to 0.9 Celsius (C) in the past 100 years. This change in temperature largely caused, according to the IPCC, by the release of GHGs through human activities. There are several effects associated to the change in global temperature, mainly affecting ecosystems and populations worldwide. Among these effects or consequences are sea-level rise, drought, floods, loss of mangroves, and the intensification of storms and climate processes such as El Nino and La Nina. Recent studies have focused on sea-level rise and the global effects. Over the past 100 years, sea levels have increased by 10 to 20 centimeters (World Bank, 2003). Moreover, arctic sea-ice has continued to shrink up to 10 percent or more of its total mass and by 40 percent of its thickness. Glaciers and small ice caps are rapidly melting, causing several changes in the flows of rivers and ecosystems, as well as adding to the increase of sea levels. Sea level rise will most likely severely affect unprepared, developing countries and their populations. Concomitantly, developed industrial countries with higher levels of GDP are likely to cope more efficiently with the effects of sea level rise. This paper will focus on the prognosticated socio-economic costs of s...
With the development of the science and technology, more and more people are going for healthy and green products. According to this situation, there are many companies claim their products are “green”. However, there are thousands of so-called “green” products, but not all of them live up to their claims, a considerable part of products not only damage the human’s body, but also pollute the environment. People called these companies “greenwashing”. Greenwashing refers to the practice of deceiving consumers into believing that a company is practicing environmentally friendly policies and procedures. Seems like anything and everything has “gone green” these days. Such as airlines, car companies, retailers, restaurants, even networks and stadiums. Thankfully, more often than not, that’s a good thing. It is only bad if it is greenwashing — that is bad for the environment and consumers, because of businesses doing the greenwashing.
Climate Change and Sustainable Development This research paper is about climate change with the concept of sustainable development, meaning that it will approach the climate change problem in an economical way and try to solve it with the new growth theory. New growth theory argues that innovations, population growth, new technology, and creative destruction are connected to each other and that these connections will solve the climate change problem. The exponential technology growth, improved international private rights and improved use of human capital are some of those key terms that the theory is all about. The most important thing towards the solution is human capital.
The first problem is sea level rise. Sea level rise is due to more and more greenhouse gas emissions and melting glaciers, and the affect is coastal erosion and land area loss. The World Bank (2012, p.8) states that about 70 per cent of the biggest European cities are in danger from rising sea levels, and the sea level of these cities is less than 10 meters. Especially in the developing and developed coastal areas, for instance, Kolkata, Shanghai, Tokyo and New York city. The second problem is extreme events. Climate change include floods, storms, heat-waves and intense precipitation, these effects will cause terrible harm to the economic development of the coastal cities. The total damage cost of Hurricane Katrina was $130 billion, accounted for 25 per cent with the event of full macro economic costs. Extremes events in the developing countries have an undeniable influence on the economic growth (Hallegatte, 2006 and Hallegatte et al, 2007, p.33). The third problem is energy use. Climate change is closely related with energy use, depending on the different temperature and areas people could reduce the demand for heating or rise demand for cooling (EEA 2008). In addition, climate change may cause the different energy and produce more greenhouse gas emissions. These three problems will continue to exacerbate the climate change and influence the development of the
Climate change is an inevitable phenomenon that is being experienced globally in various forms such as temperature rise. Sea level rise, droughts, floods, hurricanes, landslides, etc. According to the forth assessment report of the IPCC project even with immediate implementation of mitigation strategies global climate change will continue for decades. Climate change is inflicting serious consequences on human wellbeing and will continue to inflict damages in the future. It is estimated that mean global temperature will rise by 1.8 ºC - 4.0 ºC by end of the 21st century (Izaurraade, 2009). A new global climate model predicts that in the coming decade the surface air temperature is likely to exceed existing records (Smith et al., 2007). Growing season temperatures in the tropics and subtropics by end of the 21st century will exceed the most extreme temperature recorded in the history (Battistic and Rosamond, 2009).
One of the major effects of global warming is the rise of sea level due to thermal expansion of the ocean, in addition to the melting of land ice. Now there are dozens of land areas that sit well below sea level and the majority of those land areas are very well populated. At least 40 percent of the world 's population lives within 62 miles of the ocean, putting millions of lives and billions of dollars ' worth of property and infrastructure at risk. (Juliet Christian-Smith, 2011) This means if the sea level rises to the projected level of 25 meters (82 feet) half of the world will retreat back to the ocean. (Rohrer, 2007) Also rising sea levels means higher tides and storm surges riding on ever-higher seas which are more dangerous to people and coastal inf...