CBI encourages the use of renewable energy in Iraq

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In line with international commitments towards reducing greenhouse gas emissions, the Paris Climate Agreement, and reducing fuel uses, the Central Bank of Iraq decided to encourage the adoption of energy production tools from renewable sources and to work with the Higher Committee for Lending to ensure the processing of a proportion of the electrical energy generated from renewable energy sources (solar panels) in the investment housing complexes benefiting from the initiative.

It was also coordinating with the Industrial Bank to finance the purchase of electricity generation systems from the sun for the homes of citizens or projects and to provide part of the electrical energy required by the work of the Central Bank. It decided to acquire electrical power generation systems and install them on its buildings in Baghdad and its branches.

The Central Bank encourages all authorized banks and institutions willing to equip clean energy systems to interact with this trend and present their offers and expertise to this bank and the rest of the state institutions and the private sector.

 

Central Bank of Iraq
    Media Office
    7 July 2021