Moslener urges modelling businesses for emissions cut

29 / 02 / 2024

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Ulf Moslener, Professor for sustainable energy finance at the faculty of Frankfurt School and Head of Research of the UNEP Collaborating Center for Climate and Sustainable Energy Finance, called for modeling business activities to cut emissions in collaboration with the business community to benefit from promising opportunities.

He made the remarks during the 14th CSR & Sustainable Development Forum, currently held in the Red Sea resort city Sharm El Sheikh.

He lauded the forum this year as a successful experience for discussions on curbing carbon emissions, noting that there are many pivotal changes in approaches adopted towards reducing carbon emissions.

Moslener added that the banking sector has not successfully addressed climate-related challenges, especially carbon emissions as shown in international reports issued in 2023 and 2024.

He added that global disclosure has two main points; the first is related to the main achievement of the company, and the second is related to the risks and opportunities, highlighting risks of relevant legislations as well as the changes taking place with regard to energy.

Moslener asserted that the goal of achieving zero carbon emissions remains a major challenge, calling for deep examination of the issue.

He also called for addressing climate change within targeted goals having a time frame, underlining the importance of transparency.

He expounded that classification is an important part of the European methodology, which has so far included climate change, adaptation, and reduction of impact, lauding the European classification system as easy compared to others.

He added that efforts are underway to draw up social classification.

Moslener pointed out that the sustainability issue is multi-dimensional and remains a challenge in terms of the methodologies adopted in this regard.