Baghdad: The National Investment Commission recently organized an introductory workshop to launch the National Climate Investment Plan (CIP) project for 2025-2030. The event, held in collaboration with the United Nations Development Programme (UNDP), saw participation from diplomatic bodies, international organizations, and the Ministry of Environment, alongside local and foreign investment companies and investors.

According to National Iraqi News Agency, Haider Mohammed Makiya, Chairman of the National Investment Commission, emphasized that the CIP project is a strategic initiative by the Iraqi government to address climate change. He highlighted the Commission’s readiness to work with both local and foreign investment entities, diplomatic missions, and international organizations to attract investments in the climate sector. Over the past two and a half years, foreign investments have amounted to approximately $64 billion, while local investments have reached $36.8 billion, totaling over $102 billion.

Mak
iya announced the commencement of the first phase of the CIP, which includes five tracks: energy/renewable energy, agriculture, industry, water, and innovations and creativity. This phase will be funded by the Green Climate Funds (GCF) with an investment ranging from $1.3 to $3.3 billion and the International Finance Corporation (IFC). The initiative aims to direct investments towards green and sustainable projects, serving as a roadmap for sustainable development across Iraq.

He also noted the formation of a committee to oversee the implementation of the first phase and address any challenges. Preparations are underway for the second phase (2031-2050), which will focus on green climate projects in industry, agriculture, transportation, and energy sectors.

The workshop featured expert presentations by the Ministry of Environment on climate change impacts, national priorities, and strategies for mitigation and adaptation. Mamnoor Rashid, Director of the Climate, Environment, and Energy Portfolio at UNDP, det
ailed Iraq’s international climate commitments, including adherence to the Montreal Protocol, UNFCCC, and participation in the Climate and Clean Air Coalition (CCAC).

The workshop concluded with recommendations to bolster the strategic plan’s implementation through enhanced cooperation between local and international partners. Future workshops will focus on identifying financing mechanisms for climate projects in the first phase, with plans distributed across all Iraqi governorates.