With an initial capital of 15 billion dirhams (around $1.5 billion), the Fund aims to stimulate infrastructure development and strengthen the role of the private sector.
Morocco is increasing its efforts to strengthen partnerships between the public and private sectors, an essential strategy whose objective is to meet the financial and technological challenges linked to climate change.
During the fourth edition of Climate Day, the Minister of Finance, Mohamed Benchaaboun, highlighted the importance of collaboration to mobilize resources, share risks and promote the transfer of knowledge and technologies.
At the heart of Morocco’s climate strategy is the Mohammed VI Fund for Investment, which Benchaaboun has presented as a key tool for promoting sustainable development.
With an initial capital of 15 billion dirhams (around $1.5 billion), the Fund aims to stimulate infrastructure development and strengthen the role of the private sector.
A significant portion of the Fund’s resources will be devoted to sustainable infrastructure projects and the energy transition. Benchaaboun also stressed the importance of modernizing the national electricity grid and accelerating decarbonization efforts by developing renewable energy sources, including solar and wind power.
“Encouraging innovation and fostering partnerships between governments and businesses are essential steps to increase green energy production,” he said, emphasizing the need for technological advancements and workforce development. work to achieve climate goals.
Chakib Alj, president of the General Confederation of Moroccan Enterprises (CGEM), highlighted the broader economic and social benefits of the energy transition. Alj highlighted that electrification efforts provide Africa with the opportunity to build energy infrastructure that supports sustainable development.
The CGEM president also mentioned Morocco’s progress in rural electrification, where access to electricity in rural areas has increased significantly over the past 27 years thanks to a comprehensive national program.
Tarik Ameziane Moufaddal, President and CEO of the Moroccan Agency for Sustainable Energy (MASEN), highlighted the role of renewable energies in meeting climate challenges.
Since its creation in 2009, MASEN has been responsible for piloting Morocco’s renewable energy initiatives, with the aim of achieving by 2030 an energy mix in which at least 52% of installed capacity comes from renewable sources. .
The Climate Day event, organized at the historic Chellah in Rabat, brought together more than 300 participants from the public and private sectors, as well as international organizations.
RT/ac/APA
Related News :