Iraq Advances Green Financing through Climate Banking Licenses
May 29, 2025 - 23:18
In a significant move towards sustainable development, Iraq's central bank has announced the introduction of climate banking licenses aimed at promoting financing for environmentally friendly projects. This initiative is part of a broader strategy to enhance the country's financial ecosystem while addressing pressing climate issues.
The central bank's decision reflects a growing recognition of the importance of green finance in fostering economic resilience and promoting sustainable practices. By facilitating investments in renewable energy, sustainable agriculture, and other eco-friendly ventures, Iraq aims to reduce its carbon footprint and combat the adverse effects of climate change.
The climate banking licenses will enable financial institutions to offer specialized products and services tailored to support green projects, thus encouraging businesses and entrepreneurs to pursue environmentally responsible initiatives. This progressive step not only aligns with global sustainability goals but also positions Iraq as a proactive player in the green finance landscape, paving the way for a more sustainable future.
MORE NEWS
February 20, 2026 - 18:06
'Your Rich BFF' Vivian Tu shares her favorite personal finance tipsNEW YORK (AP) — Are you intimidated by personal finance? Vivian Tu wants to help. The former Wall Street trader, widely known as `Your Rich BFF,` breaks down complex financial concepts into...
February 20, 2026 - 07:40
LPL Financial announces layoffs at San Diego officeLPL Financial, a major independent broker-dealer, has confirmed a reduction in its workforce at its San Diego headquarters. The company filed a notice with California’s Employment Development...
February 19, 2026 - 21:30
Amazon: Financial Risks Dominate (Rating Downgrade)Amazon`s stock has underperformed both the broader technology sector and the surging artificial intelligence market year-to-date, prompting increased analyst scrutiny. The focus has shifted...
February 19, 2026 - 11:47
ASX Penny Stocks To Watch: Centrepoint Alliance And 2 More Hidden OpportunitiesAs major indices respond to global optimism, a closer look at the Australian Securities Exchange reveals potential beyond the blue chips. While the term `penny stocks` may evoke caution, a...