The Central Bank announces the launch of 17 trillion dinars as initiatives to confront desertification and climate change
Economie Today, 00:36
Baghdad – INA
The Governor of the Central Bank, Mustafa Ghaleb Mukhif, announced the launch of development initiatives that exceeded 17 trillion dinars as initiatives to confront desertification and climate change.
And the Central Bank stated in a statement received by the Iraqi News Agency (INA), that “the Central Bank of Iraq organized today, Thursday, in cooperation with the Ministries of Environment, Agriculture and Water Resources, the Association of Iraqi Private Banks and the private sector, a specialized workshop on climate change, desertification and national security, in the presence of a number of ambassadors. Arab and foreign countries and representatives of international institutions, in addition to representatives of ministries and some governorates and directors of relevant authorities.
Central Bank Governor Mostafa Ghaleb Makheef said during a speech at the opening of the workshop,
"Climate change, desertification and water shortage represent a frightening trinity that has introduced humanity and its official and societal bodies to the utmost caution and caution because it has threatened its national security, the future of its generations, and even its present."
He added, "The Central Bank of Iraq has intervened through financial facilitation measures and development initiatives, the total of which has exceeded (17) trillion so far," noting that
"when we studied with the Ministry of Environment the risks of climate change and thermal emissions, we decided to confront challenges related to clean energy and sustainability, and
we also launched an initiative To finance the purchase of electricity generating units from renewable energy at an amount of (1) trillion dinars.
The statement pointed out that "at the conclusion of the workshop, a number of recommendations were established,
most notably the necessity of cooperation of all government institutions and the private sector to confront the risks of climate change and desertification, raise awareness of taking official and societal measures, encourage the public to switch to the use of electricity generation sources from renewable energy, and provide support The necessary financial resources for all sectoral ministries in order to rationalize water uses.