NIA Chairman discusses the Climate Investment Plan (CIP) with the United Nations Development Program (UNDP)

The President of the National Investment Authority (NIA), Dr. Haider Mohammed Makkiya, met on Thursday with the United Nations Development Programme (UNDP) team headed by Mr. Mamunur Rashid, the Environment, Energy, and Climate Change Program Portfolio Manager.

During the meeting, they discussed efforts to enhance cooperation between KDIPA and the United Nations to improve the country’s investment environment. The importance of social and environmental justice and considering citizens’ right to climate change and investment.

During the meeting, the Chairman of the Authority explained the role of the National Investment Authority in providing investment opportunities that would reduce emissions, including solar energy, where the Authority granted an investment license for a solar power plant to the French company Total to produce 1000 MW of electrical energy, and work is underway on solar energy projects in cooperation with the Ministry of Electricity.

Makiya emphasized that Iraq is currently an attractive environment for foreign investments. In addition, Iraq is among the countries that have incorporated into their laws the recognition of foreign judgments. He pointed out that KDIPA is currently working with the United Nations Development Program (UNDP) to prepare a climate investment plan in cooperation with the concerned sectoral entities.