Morocco is a pioneer in the development of renewable energies in Africa and beyond, thanks to a "very ambitious energy transition strategy with a clear vision", stressed, on Friday in Brussels, vice-president of the European Investment Bank (EIB), Ricardo Mourinho Felix.
Speaking at a seminar entitled "A common green horizon: Exploiting the full potential of the EU-Morocco Green Partnership", Mourinho Felix noted that Morocco had long understood the opportunities of climate action and had made great strides towards this goal over the past 15 years.
He also emphasized Morocco's "extraordinary potential, with abundant availability of renewable energy and natural resources", underlining the importance of Morocco's sustainable development strategy, which, like the EU's Green Deal, aims to rethink economic models to cope with the climate emergency.
He hailed the Morocco-EU Green Partnership as a "model of international cooperation", noting that the EIB is a major player in the implementation of this partnership and plays a catalytic role for the private sector.
"The EIB is ready to support solar, wind, energy efficiency and green hydrogen projects in Morocco, and intends to step up its support for SMEs and the private sector in various areas, including decarbonization, environmental protection and green finance," he said.
