Khalid Safir, CEO of Caisse de Dépôt et de Gestion (CDG) and Saïd Ibrahimi, CEO of Casablanca Finance City Authority (CFCA), signed a memorandum of understanding (MoU) aimed at creating a voluntary regional carbon market providing a concrete response to the provisions of the Paris Agreement.
This pioneering project, in line with global objectives for reducing greenhouse gas (GHG) emissions, contributes to the national dynamic aimed at positioning Morocco as an international player in sustainable development and a pioneer on the African scene of sustainable finance, indicates a press release from the CDG.
“We are convinced that the voluntary carbon market represents a unique opportunity for Morocco and Africa to position themselves as key players in sustainable finance. This partnership between CFCA and CDG constitutes a decisive step for the creation and attraction of an innovative carbon ecosystem, in line with national dynamics and sustainable development objectives,” said Saïd Ibrahimi, CEO of Casablanca Finance City Authority, quoted in the press release.
“The creation of a voluntary carbon market reflects the desire of our two institutions to support the implementation of the directives of the National Low Carbon Strategy and to provide accessible solutions to project leaders in terms of decarbonization at the national and regional levels. Such an initiative represents a remarkable opportunity to contribute to Morocco’s positioning on an international scale and will further strengthen the Kingdom’s commitment to mitigation,” stressed Khalid Safir, Director General of the Caisse de Dépôt et de Gestion.
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