Its production to 2030 is set to be third largest contributor to global oil supply. By the same year, the government expects that renewable capacity will amount for 5% of the country's total system capacity. Iraq holds abundant oil and gas resources and has strong solar PV. . 1. 2% of Iraq's electricity was generated from low-carbon sources in 2023, significantly below the global average of 41% in 2024. Over half of this fossil fuel mix is derived specifically from natural gas. The International Renewable Energy Agency (IRENA) produces comprehensive, reliable datasets on renewable energy capacity and use worldwide. Renewable energy statistics 2025 provides datasets on power-generation. . Iraq's energy overview, 2023 Note: Independent rounding may cause some shares to not equal 100%. This energy transition assessment evaluates. .
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