Mysuru: The Global Initiative for Academic Networks (GIAN) programme is aimed at tapping the talent pool of scientists and entrepreneurs internationally to encourage their engagement with the institutes of higher education in India so as to augment the country’s existing academic resources, accelerate the pace of quality reform and elevate India’s scientific and technological capacity to global excellence, said K S Rangappa, Vice Chancellor, University of Mysore.
Speaking after launching the GIAN courses at IOE Auditorium here on Monday he said, “GIAN is bring together Indian and international scholars to offer joint courses. This facilitates better exchange of academic knowledge and possibilities of collaborative research works in the future as well. More importantly it gives an opportunity to our students to listen and learn from international experts. It seeks to garner the best international experience into our systems of education, enable interaction of students and faculty with the best academics and industry experts from all over the world and also share their experiences and expertise to motivate people to work on the same lines.”
“Proposals for GIAN courses pass through a rigorous three-stage selection process and are very competitive. Of about 700 GIAN courses approved for the year 2016, a large majority are from premier institutions like IIT, IIM and specialised research institutions like Indian Institute of Science. Not many state universities are among them, but University of Mysore is one of the only two conventional universities of the state, selected for offering GIAN courses.
Professor Rüdiger Kiesel, Head, the Chair for Energy Trading and Financial Services, University Duisburg-Essen, Essen, Germany who along with T S Devaraja, Associate Professor of Commerce, Director, Post Graduate Centre, University of Mysore, Hassan will be conducting the six-day (November 28 to December 3) GIAN course on “Quantitative Climate Finance” said “At the Paris Climate Conference (COP21) in December 2015, 195 countries adopted the first-ever universal, legally binding global climate deal. The agreement sets out a global action plan to put the world on track to avoid dangerous climate change impacts by limiting global warming to well below 2 Degree Celsius. The agreement is due for coming into force in 2020. The European Union has already outlined in its road map 2050 the five headline targets for climate action, one of which relates to climate and energy. This target includes Renewable Energy (RE) generation and the reduction of greenhouse gas emissions as important points. To achieve these targets and switch to a low carbon economy a huge financial effort from the Global and European societies is required. Till date, governments have been mainly sponsoring the projects (climate funds, green loans, and subsidies). In order to achieve the ambitious aims private financing for projects like renewable energy and Clean Development Mechanism (CDM) is needed. The course will outline basic concepts of climate economics and discuss regulatory measures. In addition, we will investigate the evaluation of renewable energy projects and the role of the capital markets in financing such products”.
