Economy News – Baghdad
The Ministry of Planning has announced the initiation of a quality and energy management policy. This marks the commencement of a system aimed at fulfilling the sixth goal of the initiative to support energy efficiency and reduce emissions.
Mohamed Al-Mukhtar, the Director of the Department of Quality Management and Institutional Development within the Ministry, stated that the initiative is aligned with the internationally recognized standards of ISO 9001 and ISO 50001. This development follows the endorsement of the system policy by Deputy Prime Minister and Minister of Planning Muhammad Ali Tamim.
Al-Mukhtar elaborated that the quality policy reflects the commitment of senior management within the ministry to implementing this system. The focus is on achieving established goals and comprehensive understanding of operational contexts, adherence to local and international legislation, and compliance with government regulations and customer requirements related to quality and energy management. The ministry will ensure the provision of necessary information and resources to successfully meet its targets.
The Ministry remains steadfast in its dedication to the continuous enhancement of performance, which includes promoting activities designed for optimal energy use while minimizing costs and emissions associated with operations. This initiative will also support the procurement of high-efficiency products and services, reinforcing the Iraqi government’s broader strategy to enhance government performance, promote transparency, bolster efficiency, and achieve long-term sustainability.
According to the United Nations, Iraq ranks among the top five countries most at risk from climate change impacts.
The World Bank highlighted, at the close of 2022, that Iraq faces critical climatic challenges requiring a transition to a “green and more spatially and environmentally focused” development model. This transition is pivotal for diversifying the economy and reducing dependence on carbon.
A report from the World Bank indicated that by 2040, Iraq will require approximately $233 billion in investments to address its most urgent development needs. This figure represents around 6% of the country’s total annual economic output, necessitating urgent action to initiate short-term comprehensive growth.
To receive more updates, subscribe to our channel on Telegram
