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The acceleration of sustainable investments, a prerequisite for the energy transition (Ms. Benali)

Friday, September 27, 2024 at 0:00

Rabat – The Minister of Energy Transition and Sustainable Development, Leila Benali, noted, Thursday in Rabat, the importance of accelerating sustainable investments as a “prerequisite” for the energy transition in Morocco and Africa.

“The acceleration of the energy transition requires the mobilization of green investment, which calls for reflection focused on the development of resilient and sustainable business models, the acceleration of the pace of investments and the simplification of procedures, both at the national level as well as on the African continent, indicated Ms. Benali during the 4th edition of Climate Day.

“In Morocco, the energy transition has been underway since 2009, and it is considered a fundamental pillar for achieving the objectives of sustainable development and decarbonization of our economy, as well as those of our neighbors,” she added.

In this context, while recalling that Morocco is one of the five connector countries in the world and constitutes the only viable corridor between Europe, Africa and the Atlantic basin, the minister stressed the need to unblock “this reservoir and breeding ground of productive capacities”.

“We must achieve a development rate of around 1,400 megawatts of renewable energy per year,” she said, specifying that the Kingdom had, between 2009 and 2022, an annual rate of around 160 megawatts.

Thus, in accordance with the new development model, Ms. Benali noted the importance of strengthening storage systems, improving the business climate, strengthening transparency, encouraging innovation and developing human capital. as essential factors to ensure sustainable electrification and combat climate change.

For his part, the Minister of Industry and Commerce, Ryad Mezzour, affirmed that “energy is the only unconditional vector of economic and social development”.

“Industrial development and job creation cannot take place without accelerating the energy transition process,” said Mr. Mezzour, stressing the importance of positioning oneself in terms of energy transition to achieve the country’s strategic projects. .

In this regard, the minister called on all parties concerned to target green investments and encourage sustainable industrial projects, while taking into account the objectives of combating climate change.

The 4th edition of Climate Day, held in the historic setting of Chellah in Rabat, was marked by the presence of more than 300 participants, from the public and private sectors, as well as key players from national and international organizations, accompanied by an African delegation representing the energy sector, to discuss pressing environmental issues and promote initiatives for a sustainable future.

During this event, Nexans symbolically kicked off the electrification project for the “Shems’y” village, a refuge for orphans from the Al Haouz earthquake.

This conclave was also marked by the awarding of prizes to the six winners of the Nexans Climate Challenge, a competition aimed at rewarding the most innovative projects in the field of environmental sustainability.

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