By John Lee. The Central Bank of Iraq (CBI) has so far issued loans worth IQD 6 billion (approximately USD 4.6 million) to support the purchase of solar energy systems, while expecting demand to increase during 2026. Speaking to the state-run Iraqi News Agency (INA), Rafel Hussein, Director of Initiatives at the CBI, said the […]
By John Lee. The National Investment Commission (NIC) has held a workshop in Baghdad to discuss Iraq's plans for clean hydrogen and blue ammonia production and their potential impact on the national economy. The session, attended by government advisers, academics and representatives from the Ministries of Higher Education and Industry, reviewed Iraq's vision for adopting […]
By John Lee. The Iraqi Oil Ministry's Undersecretary for Distribution Affairs, Ali Maarij, has said that Iraq aims to incorporate 12 Gigawatts (GW) of solar power into its energy mix by 2030, alongside intensified efforts to capture natural gas and reduce flaring. He made the comments at a ceremony to launch a major new report […]
By John Lee. The International Renewable Energy Agency (IRENA) has published a major new report on the status and outlook of Iraq's energy transition. It says: Iraq possesses vast renewable energy potential, yet the country's energy sector faces major challenges. This energy transition assessment evaluates Iraq's current energy landscape, highlighting the barriers to renewable energy […]
By John Lee. State-owned Rasheed Bank has launched specialised loans for purchasing renewable energy systems, specifically solar panels, with financing provided directly by the Central Bank of Iraq (CBI). The initiative allows citizens and public sector employees to apply for loans of up to 30 million Iraqi dinars [$21,000], at an interest rate of just 3 […]
By John Lee. On the occasion of World Environment Day, Prime Minister Mohammed Shia Al-Sudani attended the National Conference for Young Environmental Pioneers at Al-Mustansiriyah University, where he highlighted the essential role of youth in raising environmental awareness and advancing sustainable practices in Iraq. During the event, the Prime Minister planted a tree in the […]
By John Lee. The National Investment Commission (NIC) held a high-level meeting recently to discuss investment opportunities in the production of green hydrogen and blue ammonia, aligning with Iraq's broader strategy to diversify its energy sources and shift towards clean and renewable alternatives. NIC Chairman Dr Haider Muhammad Makiyya, who chaired the meeting, stated that […]
