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Development in the face of climate
Economical 12/13/2023
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Abdel-Zahra Muhammad Al-Hindawi
Talking about the seriousness of the climate changes that our planet is witnessing is no longer a matter of luxury and spending time gossiping in salons and forums. The situation has become dangerous, and there is no longer an end to the waiting period. The whole world has taken these challenges with a high degree of seriousness, and is drawing up plans. And effective strategies, in preparation for a war that may be long and have a severe impact on the people, and here are the world leaders and negotiators and those concerned with this matter, taking their case and their case to the United Arab Emirates, where they were held under the umbrella of the International Climate Conference (COP 28), and Iraq was one of the countries. Participation in the conference with a large and high-ranking delegation.
I believe that the most important outcome of the conference that could help countries with weak capabilities in confronting climate change was adopting the establishment of a fund to address losses and damages on a large scale, and giving special attention to the countries most affected by climate change. Three countries took the initiative to provide financial support to the fund, including The UAE, which is hosting the conference, donated $100 million, as did Germany with $100 million, and the United States with less than $20 million. This is what was announced on the first day, and it is certain that other countries will follow suit. Following the example of the first three, the Fund’s founders aspire to reach $100 billion in climate finance, representing a global commitment to support efforts aimed at increasing the production capacity of renewable energy sources, developing appropriate methods to benefit from available technological solutions, and accelerating investments in food systems that are compatible with climate change. Climatic conditions.
According to the available data, Iraq is among the five countries most affected by climate change, and therefore I believe that we will be among the beneficiaries of the outputs of the Fund for Addressing Losses and Damages resulting from these changes, but in return, Iraq must give financial commitments in a certain way to this fund, in order to oblige Those concerned with directing support to it, and our current financial conditions are fairly good and therefore we can contribute financially to the fund, which is based mainly on countries’ contributions to its financing, and I see that the UAE’s step in being the first contributor to it represents a good start, to encourage the rest of the countries in the region. To advance towards the Fund with confident steps, noting that talking very positively about the importance and role of international support through the channel of this Fund may shock us later, as countries often do not adhere to their financial pledges in such activities, for many reasons and circumstances, and we have witnessed that, that Many countries pledged attractive financial commitments to Iraq for reconstruction during the Kuwait Conference of Donor Countries in February 2018, but only a few of them committed, and not to the full extent of what they pledged. On this basis, we must move in two directions. The first is the participation of the international community in addressing the repercussions and damages. Climate, and the second is through our policies, plans, and procedures in relation to our internal situation, in terms of using clean energy, moving towards modern technologies in agriculture, addressing associated gas problems, taking advantage of available wind and solar energy, and so on.
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