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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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    "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles

    Rocky
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    "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles Empty "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles

    Post by Rocky Today at 5:13 am

    "Rich Iraq" seeks "money" to combat methane emissions: internal and external obstacles


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    2024-11-26 03:32
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    Shafaq News/ Iraq, one of the world's largest wasteful countries of natural gas associated with crude oil production, is looking for hundreds of billions of dollars to finance what it needs to achieve its emissions targets through its attendance at the United Nations Climate Change Conference.
    Oil-rich Iraq needs an estimated $233 billion by 2040, according to estimates from the International Finance Corporation, to implement programs aimed at reducing harmful emissions, capturing associated gas and improving energy efficiency.
    Iraq's Nationally Determined Contribution target is to cut greenhouse gas emissions by 15% by 2030, but up to 13% of that is conditional on international support, according to the International Energy Agency.
    Seeking to zero gas
    The Prime Minister's advisor, Mazhar Mohammed Salih, said in an interview with Shafaq News Agency, "The Iraqi national policy is proceeding with the issue of zeroing the burning of associated gas and converting it to sound uses that do not pollute the environment as fuel for power plants or home cooking or exporting the surplus after treatment," indicating that "it is a plan proceeding with precise and serious planning so that the country will finish this issue within the next three years."
    Saleh stressed that "our country is not one of the countries that contribute to environmental pollution at all, but on the contrary, Iraq is exposed to the phenomenon of forced desertification due to the shortage of international water sources entering it, which is something that has exposed Iraq to a decline in green agricultural areas over the past years after our country has come to receive only a third of its water share from the upstream countries."
    He pointed out that "due to the lack of water in general and the water of the marshes and natural water depressions in particular, Iraq is losing important green and natural areas, which has put our country in a position that the international community should look at with support and assistance in its water rights to restore its green areas. The loss of about 150 thousand acres or more of the best agricultural lands annually and the shrinkage of cultivated areas and migration from rural areas to cities must be taken into consideration due to the lack of water and the resulting desertification problems. These are exceptional efforts that require the international community to rethink the issue of the path towards the issue of carbon zero commitments correctly, which requires compensating our country permanently for the problems of the lack of incoming international water and the resulting effects on the environment and the green environment in general."
    In 2023, Iraq reportedly made progress in exploiting associated gas, achieving a 60% utilization rate: 700.8 billion cubic feet of the 1,141.8 billion cubic feet of associated gas produced were exploited, according to Iraq’s Deputy Oil Minister for Gas Affairs Izzat Saber in an interview in March 2024.
    However, international data from the same year indicated that 636.8 billion cubic feet were burned, resulting in heavy methane emissions.
    The UK government has announced a $6.5 million funding package designed to provide technical, policy and capacity building support, with Iraq one of the first three countries to receive assistance. The contribution, announced on 12 November, is being made to the recently launched Fossil Fuel Regulation Programme by the Climate and Clean Air Coalition and CATF.
    But experts say Iraq still needs to implement policies to attract financing. Other obstacles to financing include Iraq’s unstable security environment and rampant corruption, which investors are wary of.
    Unable to convert
    Economic expert Dhurgham Mohammed Ali told Shafaq News Agency, "Iraq depends entirely on fossil energy in terms of extraction, manufacturing, refining and electricity generation, so it is very difficult to shift to clean energy over the next thirty years at least, and countries that are richer and cleaner in the atmosphere than Iraq have not been able to fully shift to green energy. At the same time, he added that the government has developed plans for relative replacement of clean energy by building two solar power stations with good generating capacity, but they remain far from total replacement, and replacement remains relative to clean energy."
    He added, "Iraq is required to reduce reliance on private generators because they operate on diesel fuel, which is considered more polluting than other types of fuel. Therefore, supporting individuals' adoption with loans and providing solid solar energy systems will reduce reliance on private generators."
    External and internal interventions
    Oil expert Hamza Al-Jawahiri said in an interview with Shafak News Agency that "the negative external and internal interventions are behind the obstruction of the country's work to transform towards clean or green energy," noting that "the government is serious about the transformation, but these interventions continue to stop what is every important decision and project that goes in this direction." 
    “There is a need for carbon tax regulations and policies that prohibit gas flaring except under very strict conditions,” Al-Jawahari added.
    He pointed out that "the problem lies in the effective implementation of these rules and the existence of a strong regulatory body that is far from interference."
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