As part of its ongoing commitment to environmental sustainability and climate responsibility, the Government of Iraq has announced the establishment of the General Company for Carbon Economics, a new public entity tasked with managing and reducing carbon emissions nationwide.
This significant initiative, officially endorsed by Prime Minister Mohammed Shia Al-Sudani, reflects Iraq’s strategic shift towards a more sustainable energy future. It comes in response to growing environmental concerns, particularly in regions such as Basra, where the flaring of gas from oil production has posed long-standing environmental and public health challenges.
According to the Prime Minister’s office, the Carbon Economics Company will function under the supervision of the Ministry of Environment and will be responsible for ensuring compliance with national and international standards governing emissions and environmental performance in the energy sector.
The formation of this company marks a pivotal advancement in Iraq’s environmental governance. Gas flaring—widely recognized as a major source of greenhouse gas emissions—has not only contributed to environmental degradation but also represented a missed opportunity to capture and utilize valuable natural resources. The new entity will play a key role in transitioning from reactive environmental responses to proactive, regulated, and economically sound practices.
Through the GCCE, Iraq aims to reduce its carbon footprint, improve air quality, and enhance the long-term sustainability of its energy sector. This step also aligns Iraq with broader regional and global climate objectives, positioning the country as an active contributor to the fight against climate change.
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