The National Investment Commission holds a specialized workshop to discuss Iraq’s vision for green and blue hydrogen production and its impact on Iraq’s economy
Today, Thursday, 4/7/2024, the National Investment Authority hosted a specialized workshop to discuss Iraq’s vision on the production of green and blue hydrogen and the products that go into different sectors and its impact on Iraq’s economy in the presence of the Prime Minister’s Advisor for Energy Affairs and the Undersecretary of the Ministry of Water Resources, with the participation of several representatives of ministries (Science and Technology. environment. Agriculture. water resources. industry and metallurgy. oil. The Board of Advisors and the German Cooperation Organization. As well as the Authority’s advisors.
During the workshop’s opening, the Chairman of the National Investment Commission, Dr. Haider Mohammed Makkiya, said that Iraq’s vision to promote the use of green and blue hydrogen as part of its strategy to develop the national economy is part of the government’s directions in developing Iraq’s 2030 climate vision, which aims to diversify energy sources and turn to clean and renewable alternatives.
He added that this is an essential step in diversifying energy sources as hydrogen is a clean and sustainable source of energy and can help reduce dependence on fossil fuels. achieving sustainable development and transitioning to an economy that relies on clean energy, minimizes negative environmental impacts, and improves air and water quality.
He noted that the development of new industries linked to hydrogen production, in addition to creating new jobs and boosting the local economy. Hydrogen can help meet the growing demand for energy in sustainable ways.
The workshop included a review of Iraq’s plans for renewable energy and biofuels and their effects on economic development. It also discussed the challenges in developing this sector, excessive dependence on oil, and moving towards alternative energy.
The workshop focused on the importance of continuity of work and cooperation to achieve Iraq’s clean energy vision. Future workshops will be held to track progress and discuss new developments in the field.
