Geopolitics smooths Iraq’s energy transition
International interest in reducing Iraq’s dependence on Iranian gas imports is unlocking finance for renewables and flare-gas capture projects
Power cuts in Iraq in late June illustrated the urgent need to upgrade creaking electricity infrastructure, the risks of import dependence and the realities of global climate change. Amid temperatures topping 50°C in the south of the country, Iran halted gas and power supplies Iraq to address its own domestic shortages caused by the impact of drought on hydropower generation Fortuitously for cash-strapped Baghdad, reducing energy reliance on Iran is also a political priority for its wealthy allies, the US and the Mid-East Gulf states. In the same week the crisis occurred, Abu Dhabi, Washington and the World Bank each separately committed to supporting the Iraqi government’s plans to both inc
Also in this section
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project