In a major step toward environmental progress, UK-based Nobel Energy has signed a Memorandum of Understanding (MoU) with Iraq’s General Company for Carbon Economics. This company operates under Iraq’s Ministry of Environment. The new agreement focuses on supporting Iraq green economy goals, reducing emissions, and launching sustainable development projects.
The deal was signed during the First International Conference on Carbon Economics held in Baghdad. This partnership marks a strategic move to help Iraq reduce greenhouse gas emissions while boosting the nation’s push toward environmental reform.
Nobel Energy’s Deputy CEO, Samir Mollayev, said, “Nobel Energy is proud to be part of this important partnership with the Iraqi Ministry of Environment and the General Company for Carbon Economics. This MoU represents a significant opportunity to advance Iraq’s green economy goals and contribute to global climate action efforts.”
The signed MoU includes clear terms. Iraq’s General Company for Carbon Economics will support procedures and prioritize environmental projects. At the same time, Nobel Energy will offer technical expertise and present project proposals. All proposals will follow Iraq’s environmental laws and support national climate policies.
This collaboration supports Iraq green economy goals by combining international experience with local needs. It also creates a framework for future efforts that can last beyond the initial agreement. The MoU has a one-year timeline, with the option to extend based on results and continued interest.
Both sides aim to launch practical initiatives as soon as possible. These projects will focus on cutting carbon emissions, encouraging clean energy use, and building a strong base for sustainable investment.
In conclusion, With Iraq pushing hard to transform its economy and address climate challenges, this partnership sets a strong example. It shows how international cooperation can help Iraq green economy goals become a reality. Nobel Energy and Iraq signed a deal to work on climate and green economy goals. They will plan clean projects together for one year.