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Carbon Finance - A Platform for Development of Sustainable Business in Kuwait

Author

Listed:
  • Ahmed Nahar Al-Hussaini

    (Public Authority for Applied Education and Training, State of Kuwait)

Abstract

Since 1880, the temperature of global has increased by 0.85 degree Celsius. Due to the increase in temperature, the impact of climate change is constantly increasing, which is known as global warming. The increase in temperature is due to emission of greenhouse gases. Carbon dioxide is a major greenhouse gas, which is capable of causing serious hazardous influence to the environment. Carbon emission reduction and low-carbon economy development have become global targets and national policy in both developing and developed countries. Carbon finance is a tool for reducing greenhouse gas (GHG) emissions using a process called capture and storage (CCS). Using this process, the carbon dioxide is captured and stored for further usage as a renewable resource. Carbon finance has a high impact on the growth of sustainable business development. This research analyzes the various possibilities of developing sustainable business through carbon trading in Kuwait and the strategic options offered by both government, as well as private sectors for carbon trading in Kuwait. The central focus of research is to discover the role of carbon finance in developing sustainable business and environmental quality. Since no previous research is conducted on the specific role of carbon finance in developing a sustainable business preferably in Kuwait, the influence of carbon financing in sustainable business development and environmental quality are analyzed in this research.

Suggested Citation

  • Ahmed Nahar Al-Hussaini, 2016. "Carbon Finance - A Platform for Development of Sustainable Business in Kuwait," Expert Journal of Business and Management, Sprint Investify, vol. 4(2), pages 87-93.
    • Handle: RePEc:exp:bsness:v:4:y:2016:i:2:p:87-93
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Carbon Financing; Sustainable Development; Kuwait; Greenhouse gases; Global warming; Environment quality;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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