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December 3, 2023[You must be registered and logged in to see this link.]
Baghdad/Al-Masala Al-Hadath: The Ministry of Oil detailed the goal of Iraq’s participation in the Conference of the Parties (COP 28), which was held in the Emirates, while indicating that the percentage of emissions in Iraq is slightly more than 1% of its total around the world.
Advisor to the Minister of Oil for Energy Affairs, Abdul Baqi Khalaf, said that the Conference of the Parties (COP28) is one of the important global summits that comes in conjunction with the mobilization of efforts to confront climate change, which represents the greatest challenges threatening the planet Earth.
He added that calling the conference “parties” means that every participating country, body, organization, and individual is a party to the solution to this global crisis, and Iraq’s presence today in this conference, represented by the President of the Republic, a number of ministers as an executive authority, and a number of representatives with a large technical delegation, reflects the government’s orientation and interest in this matter. The global path to address climate challenges and their impacts.
He added that the conference has two regions (green and blue), and the Iraqi pavilion is in the blue region, which is the governmental part registered in the Climate Framework Agreement.
He stressed the need for the whole world to share the responsibility of fighting climate change, and for the burden not to fall on developing countries or countries with limited resources, noting that the Paris Agreement includes important provisions that take into account countries whose economies depend mainly on fossil fuels to provide their national contributions, and today Iraq has A national contribution to the Paris Agreement of 2%, while it was able to achieve a reduction in emissions by 4%, thanks to continued efforts in associated gas investment projects.
He explained that Iraq, although it is an oil country, its responsibility for climate deterioration does not exceed 1.6% of the total emissions on the planet, and therefore it is more affected by the climate than causing the damage.
He pointed out that Iraq, as an oil-producing country, has no fear of fulfilling its climate commitments, and we must benefit economically from any other climate reduction we make through climate financing of the Framework Agreement or through the issues of carbon bonds, which require countries with high emissions to compensate affected countries.
He continued that one of the important items discussed at the conference was Article 6 of the agreement, which deals with climate finance issues, indicating that the Ministry of Oil has a plan to invest associated gas to become an additional resource to strengthen the state budget according to a plan drawn up by the Ministry of Oil.
He stressed that Iraq worked proactively compared to its neighbors, and today we have a complete team specialized in carbon reduction projects that was trained through workshops and in partnership with developed countries, and we have a memorandum with the Norwegian side to build capabilities, and there are previous cooperation agreements, and future cooperation agreements are intended to be signed, as well as About international support and international partnership in methane inventory procedures.
He pointed out that the conference is intended to benefit on many levels, and the most important thing that Iraq emphasizes is investing in international partnership in the process of capacity building, keeping pace with technological developments, and obtaining international financing pledged by developed countries for the purposes of addressing climate impacts.
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