By John Lee.
Iraq's National Investment Commission (NIC) hosted the first technical meeting on the National Climate Investment Plan last week, in cooperation with the United Nations Development Programme (UNDP).
Dr. Muna Al-Jabri, head of the technical team representing the NIC, affirmed that this meeting is a continuation of the plan's launch, which is part of efforts to promote sustainable investments considering climate impacts.
Al-Jabri stated that the cooperation between the NIC and UNDP reflects Iraq's commitment to achieving sustainable development and addressing climate challenges through well-studied and sustainable investment strategies.
The meeting, attended by representatives from ministries concerned with climate change (Finance, Higher Education, Reconstruction and Housing, Environment, Agriculture, and Oil), discussed setting clear objectives for the climate investment plan, how to achieve them, available financing sources for climate projects, and attracting foreign and local investments.
Participants reviewed the latest sustainable technologies and solutions applicable to future projects, as well as enhancing cooperation with international organizations and donors to exchange knowledge and expertise to combat desertification caused by water scarcity, unsustainable agricultural practices, and climate changes leading to rising temperatures and decreasing rainfall.
(Source: NIC)
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