The Central Bank of Iraq organizes a specialized workshop on climate change, desertification and national security
The Central Bank of Iraq, in cooperation with the Ministries of Environment, Agriculture and Water Resources, the Association of Iraqi Private Banks and the private sector, organized a specialized workshop on climate change, desertification and national security. His Excellency the Governor of the Central Bank of Iraq said during his speech at the opening of the workshop, so that climate change, desertification and water shortage are representing a frightening trinity that has brought humanity and its official and societal bodies to the utmost caution and attentiveness, since it now threats their national security, the future of their generations, and even their present as well.His Excellency added that the Central Bank of Iraq has intervened through financial facilitation measures, and development initiatives. The total of which has exceeded (17) trillion so far, pointing out that when we studied with the Ministry of Environment the risks of climate change and heat emissions, we decided to face the challenges related to clean energy and sustainability. We also launched an initiative to finance the purchase of Electricity generation units from renewable energy at an amount of (1) trillion dinars. In turn, their Excellences, the Ministers praised during this workshop the initiatives of the Central Bank of Iraq and the support it gives towards the green economy. They also reviewed the seriousness of climate change on the future of Iraq and the countries of the world; as well, they stressed the need to combat these climate changes through investing in the environmental aspect.
At the end of the workshop, a number of recommendations were identified. Most notably needed for all government institutions, and the private sector to cooperate to confront the risks of climate change and desertification, in addition to the awareness raising through adopting the official and societal measures, and encourage the public to switch to use of electricity generation sources from renewable energy. As well as providing the necessary financial support to all sectoral ministries for the purpose of rationalization of water uses. A number of ambassadors of Arab, and foreign countries, and representatives of international institutions participated in the workshop, in addition to representatives of ministries and some governorates and directors of concerned authorities.
Central Bank of Iraq
Media Office
June 26th, 2022
