Iraq: Preparations for the first International Conference on Carbon Economy in Iraq
Minister of Environment, Halo Al-Askari, announced on Tuesday the commencement of preparations for the first international conference on the carbon economy in Iraq, under the patronage of PM Muhammed S. Al-Sudani.
Minister Al-Askari affirmed that "this conference is a qualitative step within the government's efforts to diversify sources of national income and strengthen the green economy, by attracting investments in carbon markets and opening up prospects for sustainable climate finance, since PM Al-Sudani stressed that his government is a government of implementation towards environmental reform, improvement, sustainability, and effective engagement in green economy projects," according to a statement by the ministry - received by the Iraqi News Agency - INA.
"The conference aims to attract local and international investors and create an appropriate environment for establishing strategic partnerships that contribute to advancing sustainable development," noting that "Iraq possesses promising opportunities in the field of carbon trading, in line with its international commitments to combat climate change." he included.
Al-Askari continued, "The conference will also serve as an international platform to showcase Iraq's environmental initiatives and discuss investment mechanisms for carbon revenues and environmental improvement projects," calling on all stakeholders to participate actively to ensure the achievement of the desired development goals.
In turn, the General Manager of the Carbon Economics Company, Nadhir Abboud Fazaa, confirmed that "there is widespread interest from local, Arab, and international companies in investing in the carbon economics sector," noting that "the ministry is working to build bridges of cooperation between these companies and sectoral ministries to implement projects that align with the government's vision for a sustainable green economy."
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