New postgraduate course to position Ireland as global centre for green finance

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New postgraduate course to position Ireland as global centre for green finance

The Summit Finuas Network today launched Ireland's first postgraduate course in sustainable energy finance

The course will provide finance and related professionals with a broad and comprehensive overview of sustainable energy finance with the course covering topics such as climate change principles and policy responses, sustainable finance risk management and regulations, green technologies and emerging markets, carbon accounting and tax. The course starts in October and is now open for applications.

The development is the brainchild of the Green IFSC initiative and the Summit Finuas Network of companies from the financial services sector and heralds an emerging international leadership for Ireland in green finance skills and innovation. The Green IFSC, an initiative of the IFSC Clearing House Group, Department of the Taoiseach, is an integral part of Ireland's response to the challenges of climate change and sustainable development.

The Graduate Certificate in Sustainable Energy Finance will be delivered by Dublin City University and has emerged from a unique collaboration of industry leaders and academics in a bid to create the world's green centre of excellence and position Ireland as the global centre for green finance.

Brendan Bruen, director of Financial Services Ireland explains: "This is the first accredited postgraduate programme of its kind in Ireland - aimed at finance professionals who are developing new products and services for sustainable projects, as well as promoters of new business areas in the green economy."

The course has been funded by the Skillnets Future Skills Needs Programme to enable Ireland's enterprise and educational system to work hand in hand to put in place the necessary skills to service the rapidly growing green economy. The initiative will get a further boost from the Summit Finuas Networks as the first group of participants will receive almost 50 per cent grant aid to attend the new programme.

Speaking at the launch at Jury's IFSC, Steve Falci, chairman of the industry development group for the certificate and head of sustainable investment in Kleinwort Benson Investors said: "Ireland is well-positioned to become a green finance centre of excellence - where finance, trade, products and skills are developed, supported and exchanged, as the world transitions to a low-carbon economy. The new Graduate Certificate in Sustainable Energy Finance will make a significant contribution to this goal."

The recently published Strategy for the International Financial Services Sector 2011-2016 has highlighted the emerging green economy as a key area for growth. It said: "...the most promising opportunities involve the development of Ireland as a centre of excellence in Green Finance, a centre of excellence in the management of carbon and finally the creation of an enabling, coordinated and supportive eco-system to facilitate this development."

It has been estimated that the Green IFSC initiative has the potential to create more than 7,000 new jobs and generate €6bn in revenue over the next five years alone.

Brian MacCraith, President of DCU addressed the industry group at the launch saying: "We are very pleased to have developed the Graduate Certificate in association with the Summit Finuas Network and the Green IFSC initiative. The green economy and sustainability issues are pivotal to the success of our future economy. State-of-the art education in this area is an essential part of ensuring that Ireland is at the cutting edge of this opportunity and DCU is committed to delivering that element. In particular, DCU Business School has a strong reputation for providing tailored undergraduate and postgraduate programmes that arm graduates with the knowledge and the skills that are relevant to industry and enterprise today and in the future. I am very confident of the success of this programme and I look forward to working with our partners to ensure that it becomes an essential qualification for anyone wishing to work and excel in the area of sustainable energy finance."

The Summit Finuas Network is funded by member companies and the Finuas Networks Programme, managed by Skillnets Ltd. funded from the National Training Fund through the Department of Education and Skills.

Article Published: 13/09/2011