During the meeting, discussions focused on the mechanisms
for calculating carbon emission reductions and the recently approved
regulations governing the company’s operations. The Director General provided a
detailed presentation on carbon certificates, including the procedures for
issuance, valuation, and marketing within carbon credit markets (Carbon
Credits).
It was agreed that emission reduction projects implemented
in private cement plants that are members of the Association will be officially
registered for the purpose of issuing carbon bonds/credits. This will serve as
an important economic resource for these plants, in addition to supporting
Iraq’s national commitment to emission reduction policies in line with the
Nationally Determined Contributions.
The Association’s President also delivered a presentation
outlining the procedures adopted by the Association and the cement plants to
develop a carbon emissions reduction roadmap for private-sector cement plants.
He further highlighted the projects that have already been implemented at the
plants to reduce carbon emissions (Decarbonization Roadmap).
The company also reaffirmed its support for emission
reduction initiatives and indicated its intention to develop a dedicated policy
for the cement sector in alignment with Iraq’s commitments under the Paris
Agreement and the Nationally Determined Contributions (NDC). The policy aims to
establish a clear framework for enabling the cement sector to actively
participate in voluntary and compliance carbon markets, thereby enhancing
environmental improvement and supporting the national economy.
