Environment Minister: Iraq is open to investing in the green economy

Baghdad-INA
Environment Minister Nizar Amedi confirmed on Thursday that Iraq is open to investing in the green economy.

A statement by the Ministry of the Environment, received by the Iraqi News Agency (INA), stated that “Amidi participated in the Arab ministerial meeting and stressed the importance of concerted national and international efforts, joint coordination, and providing the required budgets, whether from international or national funds, to ensure high-level implementation of the Ministry of Environment’s strategies, priorities, and projects planned with various National and international bodies to shift towards a sustainable green economy and address the effects of climate change."

According to the statement, Amidi said, “The Iraqi government has placed the issue of the environment, climate, and water as one of the most important priorities on its agenda, and efforts are continuing from all sectors to confront this problem and lay the necessary foundations for adaptation, as the Ministry of Environment has completed a new strategy for the environment for the period from 2023-2030, which is a general strategy for the country that aims to Improving the environment and taking into account the real challenges in the region resulting from climate impacts, water scarcity, and the necessity of a gradual transition to a green economy, which is a supportive economy for our current economy built on fossil fuels."

Amedi continued, “The Ministry of Environment is leading the issue of the green economy and Iraq’s openness to investment in this aspect, with a transfer value of up to 100 billion dollars to the years 2030 and 2035, and allocating some of the necessary budgets in the national budget to support this trend, which aims to improve the environment in Iraq and encourage the adoption of A $1 billion project to initiate and stimulate overall environmental improvement and green economy in the country."