Climate-stressed Iraq must pursue ‘green growth’, says World Bank
BAGHDAD: Iraq, a top oil exporter battered by climate change impacts, must diversify its economy and pursue a “greener growth model,” the World Bank said on Tuesday.
In a report presented to authorities in Baghdad, the Washington-based institution said $233 billion must be invested by 2040 to allow Iraq to embark “on a green growth path.”
The mostly desert country, after decades of war and turmoil, is also suffering worsening climate change shocks from drought and water scarcity to rising temperatures.