A government official reduces the risk of the transition to renewable energy on the national economy

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[size=52]A government official reduces the risk of the transition to renewable energy on the national economy[/size]

[size=45]Baghdad / Murad Hussein[/size]
[size=45]The optimism of the Iraqis about the rise in oil prices and their exceeding $100, which led to the recovery of the economy and the achievement of a good balance of the state’s cash reserve, which is expected to exceed $80 billion by the end of this year, did not last long, until the World Bank warned of the risks of climate impacts on Iraq, from In the economic aspect, he called for the implementation of structural reforms, and for the formation of an Iraqi government that "adopts the path of reform."[/size]
[size=45]Commenting on the bank's recent report on the Iraqi economy, in which he called for accelerating the formation of the government, the special representative of the Bank in Iraq, Ramzi Noman, said that "economic reform must converge and be in harmony with looking at the climatic effects in the country."[/size]
[size=45]He added that "Iraq is an oil country, and it depends on oil in its economy, while the world began to "put restrictions on crude oil," and stressed that if these restrictions are placed on oil, and on oil exports, Iraq must take reform steps, otherwise global markets will become closed to oil. Iraqi".[/size]
[size=45]He pointed out that "there is a crisis in Iraq, and it may be the most dangerous, which is the crisis of climatic impacts, and how the Iraqi economy can adapt to these climatic effects in accordance with the development plans set by the government, and how the process of gradual transition towards a clean economy will be with the financial consequences of that." economic, and at the level of human capital.[/size]
[size=45]In turn, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, told Al-Mada that "the statements of the World Bank are early or premature concerns, and they talk about the world of energy in the long term, specifically for a long period that extends even after the Russian-Ukrainian war and the problems of the current oil and gas energy crisis." “. Saleh added, "The recent European war events have proven that there is no economic alternative to crude oil and gas for very long periods of time in a world expanding in consumption, growth and economic progress, at a time when there are still more than two billion people on Earth who are outside the use of traditional energy."[/size]
[size=45]He pointed out that "despite the foregoing, Iraq has great opportunities for sustainable development through the immediate start of diversifying its economy, especially managing the agricultural sector and building a modern agricultural pioneering pattern based on the idea of ​​the major (agricultural) licensing rounds project with global technologies and advanced irrigation systems to move towards diversifying the national economy." And getting rid of the risks of oil rentierism, regardless of the degree of fears in the long-term energy economies that the World Bank or others are sensitive to.”[/size]
[size=45]For his part, researcher in political and economic affairs, Nabil Jabbar Al-Ali, believes that “the warnings of the World Bank are heading to Iraq as a result of not taking any plans or strategies that would look at the upcoming energy future in light of the world’s approach to policies of dispensing with fossil fuels for environmental necessities.” Al-Ali said in a statement to (Al-Mada), that "Iraq must take medium-term measures that will transfer its dependence on the rentier economy dependent on oil revenues towards an economy dependent on other productive factors that may enable it to achieve revenues that are an alternative to oil revenues."[/size]
[size=45]He added that "many economic and research institutions believe that oil prices may not be stable at their high rates for more than a year or two, and may face calamities and price setbacks in other periods," noting that "Iraq must invest in high prices to achieve and build strategic projects that enable it to build A productive and developmental economy instead of continuing to rely on oil rents.”[/size]
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