Iraq has announced the launch of its first project funded by carbon bonds, reflecting the country's commitment to utilizing green bonds to achieve sustainable development goals. Carbon bonds, also known as green bonds, are financial instruments used to fund projects aimed at reducing greenhouse gas emissions and promoting environmental sustainability. Iraq aims to use carbon bonds to secure funding for renewable energy projects, enhance energy efficiency, and reduce its carbon footprint. The announcement was made during a workshop organized by Iraq's Ministry of Oil, which also discussed the country's climate negotiations and future visions for reducing emissions and advancing energy projects.

Source: Carbonherald