{"id":83343,"date":"2024-04-01T00:00:00","date_gmt":"2024-04-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/04\/01\/ebrd-publishes-new-country-strategy-to-support-moroccos-green-transition\/"},"modified":"2024-04-01T00:00:00","modified_gmt":"2024-04-01T00:00:00","slug":"ebrd-publishes-new-country-strategy-to-support-moroccos-green-transition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/04\/01\/ebrd-publishes-new-country-strategy-to-support-moroccos-green-transition\/","title":{"rendered":"EBRD publishes new country strategy to support Morocco\u2019s green transition"},"content":{"rendered":"

The European Bank for Reconstruction and Development (EBRD) approved a three-part <\/strong>2024-2029 <\/strong>country strategy (pdf)<\/a><\/strong> for Morocco<\/strong>, according to a statement<\/a> published last week. The strategy sets a goal to increase the kingdom\u2019s renewable energy capacity, improve water conservation, and expand decarbonization initiatives through energy efficiency and climate resilience. The size of the bank\u2019s upcoming investments have not been disclosed, but the last strategy period saw EBRD invest over USD 1.7 bn into the country\u2019s green transition efforts.<\/p>\n

How they\u2019ll do it<\/strong>: <\/font><\/strong>The goal of diversifying the country\u2019s energy mix to reduce emissions will be achieved through providing funding for private renewables projects as well as state-owned firms and distribution companies to further expand the grid \u2014 an essential requirement to adding more renewables capacity. Funding will also be granted to encourage policy engagement aimed at opening up the private sector, supporting new green technologies. <\/p>\n

To improve water security and conservation<\/strong>, EBRD will support the government in improving accessibility, invest in renewable powered desalination plants, and finance water infrastructure projects. With regards to the goal of pushing decarbonization and climate resilience, the bank will look for policy and client support, make green and circular economy investments, and promote the use of alternative fuels in the transport sector. <\/p>\n

I<\/strong>nternational partners could cooperate with EBRD:<\/strong> Several international banks have cooperated with EBRD in the last nine years to provide financial support for Morocco\u2019s green sector including the World Bank, the EU, African Development Bank, KfW Development Bank, European Investment Bank, and the French Development Agency. Some of the investments were made under the Team Europe Initiatives \u2014 projects in which the EU and European financial institutions use their resources and expertise to further development. <\/p>\n","protected":false},"excerpt":{"rendered":"

The framework could see lots of support from other global funds<\/p>\n","protected":false},"author":1,"featured_media":83344,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[243],"tags":[74,390,389,11,164,45,383],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-83343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-green-finance","tag-decarbonization","tag-ebrd","tag-energy-transition","tag-enterpriseclimate","tag-green-finance","tag-morocco","tag-water-scarcity","wpautop","entry"],"acf":{"mongo_id":"bcc0b550-c91a-4f75-9b07-bd1fcad0fe52","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1726.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EBRD publishes new country strategy to support Morocco\u2019s green transition","related_issue":[83327],"teaser":"The framework could see lots of support from other global funds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/4\/.8cb0425a-ffc2-4fb2-9e49-8c1471040bab.mp3"},"yoast_head":"\nEBRD publishes new country strategy to support Morocco\u2019s green transition - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/04\/01\/ebrd-publishes-new-country-strategy-to-support-moroccos-green-transition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD publishes new country strategy to support Morocco\u2019s green transition\" \/>\n<meta property=\"og:description\" content=\"The framework could see lots of 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