Baghdad The Central Bank of Iraq, in cooperation with the Higher Committee for Lending in the Council of Ministers, launched an initiative to switch to the use of renewable energy sources to reduce carbon emissions and improve the environment, with the participation of environmental experts and energy generated from renewable sources, in order to set the executive framework for financing such development projects whether at the level of individuals or investors in the field of clean energy.
The Central Bank stated in a statement that it will support, in cooperation with the concerned authorities, the preparation of controls that oblige the owners of residential investment projects to rely on renewable sources in securing part of the electric energy as a condition for its inclusion in the Central Bank’s initiative to finance housing projects.
The Central Bank added that it and the Higher Committee for Lending are looking forward to 2022 being a national year for renewable energy in Iraq.
The Central Bank decided, in this context, to start installing electricity generation systems from solar energy on a number of its buildings in Baghdad and its branches in Basra, Mosul and Erbil to secure part of its electricity needs.
Source: National Iraqi News Agency