Effect of Green Finance on Cost Reduction

This research proposal aims at examining impacts of green finance on cost reduction. The major industries under examination on this work comprise of Abu Dhabi National Oil Corporation together with Abu Dhabi Gas Industry Limited that operates in UAE. The study aims to offer general idea concerning the impacts of green finance on cost reduction among firms, as the number of companies that use green finance is ever-increasing in UAE.

Research Proposal on Effect Of Green Finance On Cost Reduction 1
RESEARCH PROPOSAL ON “EFFECT OF GREEN FINANCE ON COST REDUCTION”
CASE STUDY ON ABU DHABI NATIONAL OIL CORPORATION TOGETHER WITH
ABU DHABI GAS INDUSTRY LIMITED IN UAE
Name:
Institution:
Course:
Tutor:
Date:

Research Proposal on Effect Of Green Finance On Cost Reduction 2
Table of Contents
Executive summary.........................................................................................................................3
Introduction......................................................................................................................................3
Literature review..............................................................................................................................3
Research methodology including the research aim.........................................................................5
Survey questions..............................................................................................................................6
Primary question.......................................................................................................................6
Secondary questions.................................................................................................................6
Research hypothesis.........................................................................................................................6
Survey Methodology.......................................................................................................................7
Ethical Issues...................................................................................................................................8
Population and samples...................................................................................................................8
Budget of Project.............................................................................................................................8
Time plan.........................................................................................................................................9
Project management.........................................................................................................................9
New and relevant research.............................................................................................................10
Conclusion.....................................................................................................................................10
List of References..........................................................................................................................11

Research Proposal on Effect Of Green Finance On Cost Reduction 3
Executive summary
This research proposal aims at examining impacts of green finance on cost reduction. The major
industries under examination on this work comprise of Abu Dhabi National Oil Corporation
together with Abu Dhabi Gas Industry Limited that operates in UAE. Moreover, this research
focuses on quantitative technique of research in gathering and analysis of data. This study aims
at offering general idea concerning the impacts of green finance on cost reduction among firms,
as the number of companies that use green finance is ever-increasing in UAE.
Introduction
Green finance refers to a financial device that consists of debt, equity, grant, sales, purchase, or
tool for managing risk in operations of organizations. Example of green finance comprise of
investment guarantee, commodity insurance, insurance product, derivative rate of interest or
credit. The credit is mostly issued under contract of an organization, individual, project, facility,
or private agency or public with environment that are real, verified, and additional to business
operations as usual (Mathews and Kidney 2012, p. 339). The green finance always affects
operations of different organizations in terms of increasing or decreasing rate of their
productions. Therefore, primary objective of this paper is to propose a research work on impacts
of green finance on cost reduction between two companies namely Abu Dhabi National Oil
Corporation together with Abu Dhabi Gas Industry Limited in UAE.
Literature review
Green finance provide lasting loan that plays a significant role in improving service delivery and
development of corporations around UAE. Furthermore, green finance has made Abu Dhabi
National Oil Company to actively integrate sustainable principles in their operations to help in

Research Proposal on Effect Of Green Finance On Cost Reduction 4
reducing operating costs (Gueldry and Liang 2016, p. 221). It has enabled the management of oil
industry to focus on reducing money that they use for management by ensuring that every action
that they take focus on saving amount of energy that they use in achieving their business goals.
Green finance has helped Gas Industry to reduce cost of operations and management by
improving ideas of innovation and production of new products to its clients. Green finance is not
often quick in development stage for operations and not always commercially viable, making its
technologies to be more expensive and riskier ventures. It helps in improving the advancement of
companies such as Abu Dhabi National Oil Company by reducing the cost of capital through
provision of debt or loans to improve its operations. Loans provided by green finance remain to
be the most common source of finance that this corporation uses to up-front and improve
ongoing project costs (Bracking 2015, p. 2341). Low-cost debt provided by green finance is
essential in improving business operations of Abu Dhabi National Oil Company. It has also
helped the oil and gas industry to grow in reaching new clients and markets within short duration
making it compete with other companies around UAE markets. Additionally, it has helped Gas
Industry Limited to strengthen different equity profile of projects because of the lower
repayment priority of the financial device (Özev 2017, p. 1001). Green finance offers a hybrid of
debt and finance, and it gives the lender to have the right to convert outstanding debt to equity
that helps in reducing costs in operations of the bank.
Through green finance, Abu Dhabi National Oil Company has been able to reshape its economy
as well as consolidate different state-owned organizations to cope with low prices of oil.
Moreover, Green finance has helped Abu Dhabi State Oil Corporation to reduce its costs of
management with operations by improving its composition of business portfolio (Hwang, Lee,
and Müller 2017, p. 661). It has helped the company in regulating risks that do occur during

Research Proposal on Effect Of Green Finance On Cost Reduction 5
operations making it less affected in the market. It has also helped the oil company to focus on
development of sustainable operations such as reducing energy wastes and emissions making the
company to use little funds on management (Bracking 2015, p. 295). The oil industry has been
able to use the funding of Green finance to fund energy efficiency project through loans leading
to cost reduction in energy usage as well for the people of UAE.
Research methodology including the research aim
The target of this proposal paperwork following the methodology of research is to discover the
impacts of green finance on cost reduction between the Abu Dhabi National Oil Corporation
together with Industry Limited of Abu Dhabi Gas in UAE. It aims to offer general idea
concerning the impacts of green finance on cost reduction among firms, as the number of
companies that use green finance is growing in UAE (Djurovic, Cetkovic, Djurovic, and Jablan
2018, p. 1024). The examination targets at discovering some of the changes that green finance
contain on cost reduction together with its resultant impact on operations of Abu Dhabi National
Oil Corporation together with Gas Industry Limited of Abu Dhabi in UAE.
Survey questions
This survey intend to give best answers to particular questions designed to scrutinize the
influence of green finance on cost reduction among firms in UAE such as Abu Dhabi National
Oil Corporation together with Gas Industry Limited of Abu Dhabi.
Primary question
What are the impacts of green finance on cost reduction?

Research Proposal on Effect Of Green Finance On Cost Reduction 6
Secondary questions
1. How does green finance impact cost reduction in operations of Abu Dhabi National Oil
Company?
2. How does green finance affect cost reduction in Abu Dhabi Gas Industry Limited in UAE?
These imperative survey questions will eventually aid in giving best answer to the crucial
objective of the mission. The subjects for this suggestion will be important in informing the
motive basis for different companies in UAE to either permit or disallow use of green finance in
the area (Leonard 2014, p. 217). Therefore, outcome from these survey inquiries will stay to be
fundamental in offering well options for green finance that the company can follow appropriately
to survive in the current operation market.
Research hypothesis
In the Light of literature work this study aim to give answers on impacts of green finance on cost
reduction in Abu Dhabi National Oil Corporation together with Gas Corporation Limited of Abu
Dhabi in UAE. This research proposal will check the subsequent projected hypotheses to attain
the best conclusion.
First Hypothesis
H0: Green Finance influences the cost reduction.
H1: Green Finance does not have any influence on cost reduction.
Hypothesis 2
H0: Green Finance influences the cost reduction in Abu Dhabi Gas Industry Limited in UAE.

Research Proposal on Effect Of Green Finance On Cost Reduction 7
H1: Green Finance does not have any influence on the cost reduction in Abu Dhabi Gas Industry
Limited in UAE
Hypothesis 3
H0: Green Finance has any influence on the cost reduction in Abu Dhabi National Oil Company.
H1: Green Finance does not have any influence on the cost reduction in Abu Dhabi National Oil
Company
Survey Methodology
The review has selected to use quantitative study tactic in data gathering and analysis. For
function of persuasive analysis of research purposes together with survey goal, other essential
techniques that will be utilized comprise of assessment of exisiting literature, dispensation of
coherent study surveys, and monitoring essential signs of green finance on cost reduction
(Mohamed et al., 2014, p. 662). Another method that shall be utilized for collecting of
information will entail observation of critical signs of green finance that centres on assessment of
cost reduction. In evaluation studies, design of assembling information is fundamental divisions
in each work of survey (Christophers 2018, p. 337). Data will be presented through graphs, pie
charts, maps, and photographs.
Ethical Issues
Every respondent in the study will be given adequate explanation on the purpose of the study that
they are about to be part of at any time during the study. Data gathered will be protected
throughout the entire process of study. Respondent will be given time to seek any clarification
before being recruited for investigation (Lekhraibani, Rutledge, and Forstenlechner 2015, p.

Research Proposal on Effect Of Green Finance On Cost Reduction 8
113). Participation for the investigation will be confidentiality together with voluntary will be
maintained at all levels during the examination.
Population and samples
The population for this research shall include managers and workers from the two companies
that deal with oil and gas in the UAE. The sample for the study will include five managers and
fifteen workers from each company leading to a total of forty sample units that will help in
answering questions during the study (Meir 2015, p. 161). The use of workers and managers will
help in understanding how green finance has helped in ensuring that there is cost reduction the
operations of these two companies.
Budget of Project
The economic plan of this proposal will total to six thousand dollars to attain its conclusion as set
in schedule as exemplify in the table below. The future budget of survey in this task has been
specific for diverse major purposes that embrace:
Application Estimated Amount (in dollars)
Evaluation of literature 1,650
Data collection 2,800
Information analysis 1,550
Total for estimated financial
plan
6,000

Research Proposal on Effect Of Green Finance On Cost Reduction 9
Time plan
The model array of data in the table beneath exemplify period for every intended event in entire
investigation
Title of mission Starting
Time
Day of
completion
Period (Days)
Plan proposal 30/9/2018 19/10/2018 20
Review of Literature 20/10/2018 5/11/2018 47
Data gathering 6/11/2018 5/12/2018 31
Analysis of facts 6/12/2018 28/12/2018 23
Final Report Submission 29/12/2018 20/1/2019 23
Project management
The quantitative data in this survey will be coded and entered into different database of computer
designed with Statistical packages such as SPSS. The use of correlation analysis will be
employed to test the relationship between dependent as well as independent variables.
New and relevant research
There is a need to promote green finance to help in improving how companies uses green
building design to help in reducing cost of operations (Meir 2015, p. 158). The grant that the
company receives from the device has enabled the management of the oil and gas companies to
improve on its use of little amount in developing their operations. There is a need to focus on

Research Proposal on Effect Of Green Finance On Cost Reduction 10
impacts of green finance on cost of operations and wages of employees as it can help in
understanding how it reduces their costs.
Conclusion
From the findings of this research, impacts of green finance will be evident on cost operations of
Abu Dhabi National Oil Corporation together with Abu Dhabi Gas Industry Limited. The
research illustrates how green finance incorporated design, construction, and operational
practices that significantly eliminates or reduce the adverse effect of development on
environment with occupants while proposing strategies that address how to reduce costs of
operations. This study will help in examining how costs vary with the type of level of
sustainability features that are incorporated into individual progress and with their development
contexts.

Research Proposal on Effect Of Green Finance On Cost Reduction 11
List of References
Bracking, S 2015, ‘Performativity in the Green Economy: how far does climate finance create a
fictive economy?’, Third World Quarterly, vol. 36, no. 12, pp. 2337–2357, viewed 20 October
2018, <http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=111657982&site=ehost-live>.
Bracking, S 2015, ‘The Anti-Politics of Climate Finance: The Creation and Performativity of the
Green Climate Fund’, Antipode, vol. 47, no. 2, pp. 281–302, viewed 20 October 2018,
<http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=100799238&site=ehost-
live>.
Christophers, B 2018, ‘Risking value theory in the political economy of finance and nature’,
Progress in Human Geography, vol. 42, no. 3, pp. 330–349, viewed 20 October 2018,
<http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=129644811&site=ehost-
live>.
Djurovic, G, Cetkovic, J, Djurovic, V & Jablan, N 2018, ‘The Paris Agreement and
Montenegro’s INDC: Assessing the Environmental, Social, and Economic Impacts of Selected
Investments’, Polish Journal of Environmental Studies, vol. 27, no. 3, pp. 1019–1032, viewed 20
October 2018, <http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=128410520&site=ehost-live>.
Gueldry, M & Liang, W 2016, ‘China’s Global Energy Diplomacy: Behavior Normalization
Through Economic Interdependence or Resource Neo-mercantilism and Power Politics?’,
Journal of Chinese Political Science, vol. 21, no. 2, pp. 217–240, viewed 20 October 2018,

Research Proposal on Effect Of Green Finance On Cost Reduction 12
<http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=116255478&site=ehost-
live>.
Hwang, J, Lee, S & Müller, MD 2017, ‘Multi-Scalar Practices of the Korean State in Global
Climate Politics: The Case of the Global Green Growth Institute’, Antipode, vol. 49, no. 3, pp.
657–676, viewed 20 October 2018, <http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=122685854&site=ehost-live>.
Lekhraibani, R, Rutledge, E & Forstenlechner, I 2015, ‘Securing a Dynamic and Open Economy:
The UAE’s Quest for Stability’, Middle East Policy, vol. 22, no. 2, pp. 108–124, viewed 20
October 2018, <http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=103224749&site=ehost-live>.
Leonard, WA 2014, ‘Clean Is the New Green: Clean Energy Finance and Deployment Through
Green Banks’, Yale Law & Policy Review, vol. 33, no. 1, pp. 197–229, viewed 20 October 2018,
<http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=102371522&site=ehost-
live>.
Mathews, JA & Kidney, S 2012, ‘Financing climate-friendly energy development through
bonds’, Development Southern Africa, vol. 29, no. 2, pp. 337–349, viewed 20 October 2018,
<http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=75162367&site=ehost-live>.
Meir, IA 2015, ‘Constraints to assets, waste to resources: integrating green technologies in a
novel pilot project for drylands’, International Journal of Sustainable Energy, vol. 34, no. 3/4,
pp. 154–165, viewed 20 October 2018, <http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=99777358&site=ehost-live>.

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Mohamed, N, Maitho, E, Masvikeni, E, Fourie, R, Tilly, M & Zondi, N 2014, ‘The Green Fund
of South Africa: Origins, establishment and first lessons’, Development Southern Africa, vol. 31,
no. 5, pp. 658–674, viewed 20 October 2018, <http://search.ebscohost.com/login.aspx?
direct=true&db=aph&AN=97509066&site=ehost-live>.
Özev, MH 2017, ‘Saudi Society and the State: Ideational and Material Basis’, Arab Studies
Quarterly, vol. 39, no. 4, pp. 996–1017, viewed 20 October 2018,
<http://search.ebscohost.com/login.aspx?direct=true&db=aph&AN=125905909&site=ehost-
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