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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Al-Daraji: The General Company for Carbon Economy will provide significant financial financing to Ir

    Rocky
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    Al-Daraji: The General Company for Carbon Economy will provide significant financial financing to Ir Empty Al-Daraji: The General Company for Carbon Economy will provide significant financial financing to Ir

    Post by Rocky Mon 27 Nov 2023, 10:06 am

    Al-Daraji: The General Company for Carbon Economy will provide significant financial financing to Iraq

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    Muhammad Sahib Al-Daraji



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    Economy News - Baghdad
    Advisor to the Prime Minister for Technical Affairs, Muhammad Sahib Al-Daraji, revealed the goal of forming a public company for carbon economics based on the direction of Prime Minister Muhammad Shiaa Al-Sudani, indicating that work in this field will provide significant financial funding for Iraq after implementing environmentally friendly projects .
    Al-Daraji said, in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “Iraq is a signatory to the Paris Climate Agreement, which stipulates that carbon emissions must be reduced around the world, and in Iraq, our carbon production is basically low, and the agreement required countries with increased emissions.” “Carbon purchases its bonds from countries capable of starting projects that reduce carbon production, such as Iraq, given that the atmosphere around the world is the same and every country does what it can to reduce emissions .”
    He added, "Achieving this goal for Iraq requires implementing environmentally friendly projects, including using gas to generate electricity, as well as generating it through solar energy instead of diesel, as well as expanding tree planting and other projects, as they will reduce carbon emissions. In return, this work can be priced in the form of bonds sold to countries." “It is unable to reduce carbon emissions due to its existing projects and therefore buys these bonds from Iraq and other countries that contribute to reducing emissions around the world .”
    He continued, "A committee was formed under my leadership and began the first project at this level, which was extending a pipeline from a gas station to an electricity station. The project was implemented by a Canadian company at its own expense after contracting with the Ministry of Oil in exchange for buying carbon bonds from Iraq. "
    He stressed, "On this basis, a proposal was presented to establish the General Company for Carbon Economics, affiliated with the Ministry of the Environment and carrying out the task of trading in carbon bonds. The Prime Minister approved it, and this company was formed. The work requires the implementation of more environmentally friendly projects, and Iraq's success in achieving the goals that we have indicated will save sums of money." Very large ".
     


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