CBI's Renewable Energy Initiative

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The Central Bank of Iraq, in cooperation with the Supreme Committee for Lending in the Council of Ministers, launched an initiative to switch to the use of renewable energy sources to reduce carbon emissions and improve the environment, with the participation of environmental experts and energy generated from renewable sources, to set the executive framework for financing such development projects, whether at the level of individuals or investors. In the field of clean energy.

 

The Central Bank of Iraq, in cooperation with the concerned authorities, will support the preparation of controls that oblige the owners of residential investment projects to rely on renewable sources to secure part of the electric energy as a condition for its inclusion in the Central Bank's initiative to finance housing projects.

The Central Bank of Iraq and the Higher Committee for Lending are looking forward to 2022 being a national year for renewable energy in Iraq.

 

In this context, the Central Bank decided to install electricity generation systems from solar energy on several of its buildings in Baghdad and its branches in Basra, Mosul, and Erbil to secure part of its electricity needs.

 

Central Bank of Iraq

    Media Office

  July 29, 2021