7.2.6 “Divestment policy Have a policy on divesting investments from carbon-intensive energy industries notably coal and oil”

People’s Democratic Republic of Algeria

Ministry of Higher Education and Scientific Research

University of El Oued

Directorate of Development, Planning, and Orientation

 Policy of withdrawal from carbon-intensive energy industries

Document Originated

September 2019

By

DDPO

Issue Number

9

No of Pages

3

Approved by

Rector on the University

Status

Approved Document

Last Reviewed

September 2023

By

DDPO

Next Review

September 2026

By

DDPO

Description:
The University of El Oued is committed to a sustainable future by divesting from carbon-intensive energy industries, specifically those related to coal and oil. This policy aligns with Algeria’s national commitments to reduce greenhouse gas emissions and transition to renewable energy sources, as outlined in its contributions to international frameworks.

Purpose:
The primary objective of this policy is to reduce the environmental footprint of the university’s operations by minimizing investments in carbon-intensive industries and promoting sustainable energy practices. This policy underscores the university’s leadership role in advancing environmental sustainability in academia and beyond.

Guidelines:

  1. Financial Transition:
    The university has already invested funds toward clean energy initiatives and other environmentally friendly ventures.

  2. Collaborations and Partnerships:

  • Collaborate with the Directorate of the Environment to develop sustainable practices and promote awareness of renewable energy alternatives.

  • Leverage partnerships with local and national entities to drive innovation in sustainable energy and waste management solutions.

  • Support regional initiatives aimed at reducing the reliance on carbon-intensive energy sources.

  1. Promotion of Renewable Energy:

  • Invest in renewable energy solutions for university operations, including solar and wind energy projects.

  • Encourage research and development in clean energy technologies, leveraging the expertise of the Faculty of Technology and the Renewable Energy Research Unit at the university.

  1. Monitoring and Reporting:

  • The Directorate of Development, Planning, and Orientation will oversee the implementation of the divestment policy, ensuring compliance with national regulations and international sustainability standards.

  • Annual reports on progress will be published to maintain transparency and accountability.

 

fuente:https://www.univ-eloued.dz/en/our-policies-and-guidelines/