{"id":7727,"date":"2023-10-30T10:43:00","date_gmt":"2023-10-30T07:43:00","guid":{"rendered":"https:\/\/altoosi.edu.iq\/en\/?p=7727"},"modified":"2024-10-30T22:45:26","modified_gmt":"2024-10-30T19:45:26","slug":"policy-on-divesting-from-carbon-intensive-energy-industries","status":"publish","type":"post","link":"https:\/\/altoosi.edu.iq\/en\/policy-on-divesting-from-carbon-intensive-energy-industries\/","title":{"rendered":"Policy on Divesting from Carbon-Intensive Energy Industries"},"content":{"rendered":"\n

Introduction<\/h4>\n\n\n\n

In 2023, Altoosi University College<\/strong> formally established a policy to divest from carbon-intensive energy industries<\/strong>, particularly focusing on coal and oil sectors. This decision is part of the college\u2019s commitment to sustainable development, reflecting a shift towards clean energy investments and a reduced carbon footprint.<\/p>\n\n\n\n

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Policy Objectives<\/h4>\n\n\n\n

The policy aims to:<\/p>\n\n\n\n

    \n
  1. Minimize financial support<\/strong> for industries that contribute significantly to carbon emissions, specifically coal and oil sectors.<\/li>\n\n\n\n
  2. Promote sustainable investment<\/strong> by redirecting funds towards renewable energy and low-carbon technologies.<\/li>\n\n\n\n
  3. Align financial practices<\/strong> with the college\u2019s broader goals of environmental sustainability and carbon reduction.<\/li>\n<\/ol>\n\n\n\n

    Renewable Energy Installations<\/h4>\n\n\n\n

    As part of this commitment, Altoosi University College has:<\/p>\n\n\n\n

      \n
    • Installed a 6kW solar energy system<\/strong> on campus to support its power needs through clean, renewable energy.<\/li>\n\n\n\n
    • Set up a 3.3kW wind energy turbine<\/strong> to diversify renewable energy sources and further reduce dependency on fossil fuels.<\/li>\n<\/ul>\n\n\n\n

      These initiatives not only demonstrate the college’s commitment to sustainability but also serve as practical measures to reduce operational carbon emissions and educate students about renewable energy solutions.<\/p>\n\n\n\n

      Implementation Strategy<\/h4>\n\n\n\n
        \n
      • Review of Investments<\/strong>: The college will conduct regular reviews of its investment portfolio to ensure compliance with the divestment policy, gradually reducing investments in fossil fuel industries.<\/li>\n\n\n\n
      • Sustainable Reinvestment<\/strong>: Divested funds will be reinvested in renewable energy projects, sustainable technology, and environmentally responsible businesses.<\/li>\n\n\n\n
      • Monitoring and Reporting<\/strong>: The college will track the progress of this policy, publishing annual reports on divestment activities, energy savings, and the environmental impact of its renewable energy systems.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

        Introduction In 2023, Altoosi University College formally established a policy to divest from carbon-intensive energy industries, particularly focusing on coal and oil sectors. This decision is part of the college\u2019s […]<\/p>\n","protected":false},"author":16,"featured_media":7723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[188],"tags":[182],"class_list":["post-7727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-policies","tag-sustainability"],"_links":{"self":[{"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/posts\/7727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/comments?post=7727"}],"version-history":[{"count":2,"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/posts\/7727\/revisions"}],"predecessor-version":[{"id":7729,"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/posts\/7727\/revisions\/7729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/media\/7723"}],"wp:attachment":[{"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/media?parent=7727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/categories?post=7727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/altoosi.edu.iq\/en\/wp-json\/wp\/v2\/tags?post=7727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}