By John Lee.
Iraq's Climate Investment Plan (CIP) marks a turning point in the nation's ambition to tackle climate change impacts and drive economic diversification by strategically integrating climate change considerations into future investments, according to a statement from the United Nations Development Programme (UNDP).
It continues:
"This marks a turning point in the nation's ambition to tackle climate change impacts and drive economic diversification through strategically integrating climate change aspects in future investments.
"This transitional phase can steer technological transfer and adequate innovation and mobilize financial resources to address the most pressing climate change adaptation and mitigation challenges while scaling up the transition to a more sustainable and bright future for Iraq's population.
"The CIP strives to foster sustainable economic growth by promoting energy efficiency investments and sustainable water and agriculture practices. By doing so, it aims to create new job opportunities, spur innovation, modernize its multi-faceted industries and services, and diversify Iraq's economy.
"CIP also lays the groundwork for a more resilient, sustainable, and low-carbon future for all Iraqis. It underscores the country's commitment to global environmental sustainability efforts while leveraging international support and expertise to maximize impact and achieve tangible results."
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(Source: UNDP)
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