Morocco has obtained €65 million in green funding from the European Bank for Reconstruction and Development (EBRD) to aid its national shift towards a more sustainable, low-carbon economic model.
The financial support, which is part of the EU-supported Morocco Decarbonisation and Climate Resilience initiative, will focus on enhancing climate resilience, promoting an energy shift towards greener solutions, and advancing environmentally friendly technology.
Backed by the European Union and the UN’s Green Climate Fund, this initiative significantly bolsters Morocco’s long-term environmental and economic objectives. As stated officially by the EBRD, the funding aims to facilitate sustainable investments spanning multiple industries.
Ayoub Krir, who leads the Oxygen for Environment and Health Association, informed AR that Morocco has become a significant regional center for green finance following its hosting of the COP22 climate conference in Marrakech.
“For several years now, particularly since COP22, Morocco has become an African center for securing international green finance,” he pointed out.
This represents the fifth partnership between the European Bank for Reconstruction and Development (EBRD) and BMCI (Moroccan Bank for Trade and Industry). BMCI will distribute these funds via sub-loans to both smaller and medium-sized companies along with bigger corporations. The objective is to promote sustainable growth by backing environmentally aware ventures and encouraging the use of green technology.
Last year, Morocco reinforced its role as a leader in climate action by securing the 8th spot globally in the 2025 Climate Change Performance Index, achieving the top rank amongst both African and Arab nations. This fresh influx of funds aims to strengthen its dedication to the Paris Agreement and support its strategic plan for tackling climate change up until 2030.
Nevertheless, certain specialists have raised issues regarding fair access to financial assistance. Mostafa Benramel, who leads the Eco-Lighthouse Association for Development and Climate, highlighted the importance of “equitable geographical allocation of resources” so that companies across different areas can profit similarly from these funds. Additionally, he advocated for increased backing of firms focused on developing locally-specific products.
Krir seconded this sentiment, noting that Morocco is swiftly adopting environmentally friendly measures like renewable energy initiatives and seawater desalinization, facilitated by increasing access to international climate funding. “These targeted financial resources will expedite Morocco’s shift towards greener practices and strengthen its position in the worldwide effort toward sustainability,” he stated.
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Morocco obtains €65 million from EBRD for a green fund aimed at promoting sustainable development
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