Lecture Programme on ‘Role of Financial Innovations in Managing Environmental and Social Challenges’ held

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Mysuru, Dec 27, 2016: The PG Department of Commerce of the JSS Arts, Commerce and Science College, Ooty Road, Mysuru, had organized a special lecture programme on the topic “Role of Financial Innovations in Managing Environmental and Social Challenges” on December 27, 2016 as a part of its academic activities.

The chief guest of the programme, Dr. Muralikanakasabhai, MD of Environmental Financial Products LLC, Chicago, USA, spoke on various environmental issues, such as tropical deforestation, carbon emissions and pollution. He touched upon the environmental and financial markets that deal in innovative financial products such as carbon credit, etc. and explained with few suggestions the need for establishing a structured market mechanism with the help of a regulated body to curb green house gases emission.

Dr. Muralikanakasabhai stressed on linking financial products through markets and developing carbon credits, efficiency certificates, etc. for reducing the greenhouse effect. He appreciated the efforts of the Indian Government and market structure in the development of carbon credits in India and said that India is already ahead in reducing carbon emission into the environment by utilizing wind and solar energy and other renewable sources to the maximum extent.

His lecture was followed by an interaction with students. Later, Dr. G. Kotreshwar who delivered the presidential address spoke about the need for environmental finance.

The program was chaired by Prof. B. V. Sambashivaiah, the Chief Executive of the College. The welcome address was delivered by Dr. H.C. Honnappa, Head, PG Dept of Commerce. While S. R. Dakshayini, a 2nd year M.Com. student sang the invocation, Smt. Sunitha compered the programme. Students from JSSPG Centres of Kollegal, Chamarajanagara, Saraswathipuram and students of the college along with faculty members of the department were present.