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"The whole process is too bureaucratic," said Shezan Amiji, the managing director of Ecoventures, a consultancy in Dubai that was involved in applying for such credits.
"It's great to see the pipeline actually realised now, but I don't think it's going to kick-start investment in the region at all," Mr Amiji
Enviromena - Press Releases
â€œEnviromena is one of the first companies in the UAE to offset and neutralize their carbon emissions,â€ noted Shezan Amiji, Managing Director of EcoVentures, CarbonNeutralâ€™s affiliate partner in the Middle East.
(l to r) Vinesh Venugopal Nair, ...
(l to r) Vinesh Venugopal Nair, Group Chief Operating Officer, Concept Group; Hema Nardhani, Strategic Development Director, Omnia; Hendrik Verbrugghe, Marketing Manager-CCI Marketing, Canon; Shezan Amiji, Managing Director, EcoVentures; Joycia Young, Partner, DLA Piper - Head of IP, Technology, Media and Commercial - MESA Region; Steven Vaile, CEO, H2O New Media
Shezan Amiji, Managing Director, EcoVentures: Shezan Amiji is the Managing Director of EcoVentures, an environmental advisory company.
Shezan has established EcoVentures under the aegis of Solaris Capital, a private investment fund based in the UAE that invests in companies across the MENA region.
The fund specialises in the media and environmental services industries.
It was formed in 2004 and has generated returns in excess of 70% of invested capital over this period.
Shezan is also the Managing Partner of Solaris Capital LLC.
Prior to forming Solaris, Shezan was an investment banker at Goldman Sachs and Standard Chartered.
Shezan holds an MA degree from the
: I think in many cases they don?t have any alternative but to go green.
"Enviromena is one of the first companies in the UAE to offset and neutralize their carbon emissions," noted Shezan Amiji, Managing Director of EcoVentures, CarbonNeutral's affiliate partner in the Middle East.
:: CDMUpdate :: Free zones to become carbon neutral
EcoVentures would examine several key areas to reduce Tecom's ecological footprint, including water and energy consumption, waste, and emissions generated through business travel, commuting and deliveries, said Shezan Amiji,EcoVentures director.
"From then on, Tecom can decide on the necessary measures and over what period they want to become carbon neutral", said Mr. Amiji.
Tecom is a subsidiary of Dubai Holding, which is owned by the Dubai Government.
Reducing a company's footprint made good business sense, said Mr. Amiji, a former media entrepreneur and banker with Goldman Sachs and Standard Chartered.
He was inspired to open his consultancy business after watching Al Gore's Academy Award-winning documentary film An Inconvenient Truth.
"Managing your business responsibly makes you an efficient producer", he
Mr Amiji, whose company is affiliated with the UK-based The Carbon Neutral Company, one of the world's leading offset businesses, said he could give clients worldwide investment options.
is looking to finance environmentally friendly start-up businesses in the UAE.
"We are trying to source credits in the region and trade them in the region," he