The Green Bond is an Investment Tool to Finance Renewable Energy Projects to Reduce the Phenomenon Global Warming in Arab Countries, with Special Reference to Iraq

Raid Mahmood Edan
Center Bank of Iraq / Internal Audit Directorate
Senior audit manager
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Keywords: climate, green bonds, greenhouse gas emissions, renewable energy

Abstract.                                

The research aims to explain the phenomenon of global warming resulting from the emission of greenhouse gases, which are the main element in climate change, represented by gases (carbon dioxide, methane equivalent carbon dioxide, nitrous equivalent carbon dioxide). These elements act as a cover that wraps around the globe, causing a rise in temperatures The temperature, which has become known as the phenomenon of global warming, and ways to mitigate the negative effects resulting from these changes through the issuance of green bonds that contribute to financing investments related to renewable energy, and the experiences of the leading countries in the field of issuing green financial notes that contribute to financing many environmentally friendly projects have been used. While clarifying the general trend of Iraq's climate represented by the balances and flows of greenhouse gases in the atmosphere and their relationship to the phenomenon of global warming, it has been concluded that there is a direct relationship between greenhouse gas emissions and high temperatures called (global warming), and the research reached the effectiveness of directing green bonds And its financial returns to meet the emissions of greenhouse gases that cause global warming in Iraq towards financing investments related to renewable energy, which include (solar energy, wind energy, and hydroelectric energy) and the transition to a low-emissions economy.