Institute media
The Department of Financial Studies the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad discussed the research titled (The Relationship Between Green Finance and Green Innovation in Achieving Environmental Sustainability /An Applied Research) for the student Mohammed Ashraf Hussein to obtain a higher diploma equivalent to a master’s degree in Banks and grants its holder All rights and privileges of a master’s degree.
The study aimed to analyze the correlation between Green Finance—comprising retail banking, corporate and investment banking, asset management, and insurance—and Green Innovation—comprising green product innovation, green process innovation, organizational innovation, and green management—and their impact on Environmental Sustainability, which is measured through resource consumption rationalization, human health impact reduction, pollution reduction, and renewable energy adoption
The study concluded 1. Formulating green credit policies by implementing the following:
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Launching environmental loans featuring reduced interest rates and flexible repayment terms for investment projects that adopt eco-friendly technologies or reduce carbon emissions.
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Having the Agricultural Cooperative Bank offer a range of concessional micro-green loans—with interest waived for the first two years and supported by the Central Bank of Iraq—to assist farmers in adopting modern sprinkler and drip irrigation technologies and solar energy systems; and having the Industrial Bank support factories seeking to install emission filters or implement industrial waste recycling.
c. Requiring bank credit departments to conduct environmental impact assessments for industrial and development projects as a prerequisite for granting large-scale loans.
