Sustainable business through carbon financing with a special reference to UAE banks.

Abstract

Green House Gases (GHG) emission creates the global warming. To reduce the consequence of CO2 emissions, many countries contribute to carbon financing through capture and storage process. Through carbon financing, hazardous CO2 can be stored for future utilization as a renewable resource. Carbon financing directly leads to sustainable development growth such that resources can be utilized or recycled for multiple purposes. This research analysed the rights and obligations incorporated into carbon trading and support offered by UAE (United Arabic Emirates) banks for carbon trading. Literatures have studied the economic support offered by banks in the UAE for carbon financing. Because carbon financing influences SBD, its impact on sustainable growth are analysed in this research.