Economy

Covad Unites Stakeholders for a Sustainable Future in Morocco

Morocco’s COVAD: Leading the Charge ‌Towards⁢ a Circular⁤ Economy

Morocco is⁤ stepping up its commitment to ‍a sustainable future, and the Coalition ​for the Valorization of Waste (COVAD) is⁣ leading the ⁢charge. ‍ On⁢ December‍ 10, ‌2024, COVAD ‍hosted a pivotal conference in⁣ Bouznika, aptly titled “Transitioning Towards a Circular and Low-Carbon Economy.”‍ The event drew over 100 participants from diverse sectors, ⁢all united by a shared vision of a greener Morocco. ⁣This gathering underscores the nation’s‌ growing ​recognition⁣ of the economic opportunities inherent in addressing environmental⁢ challenges.

The conference, held at The ⁢View Hotel,​ served as a crucial milestone in‌ Morocco’s journey towards ⁣a more sustainable ‍and eco-friendly economy. Discussions ‍revolved around three​ key strategic pillars: the ‌national‍ legal and ‍strategic framework, practical application models across various sectors, and the‌ levers necessary for‍ successful implementation. The presence of⁣ high-ranking ⁢officials, including Minister of Energy‍ Transition ​and Sustainable Development Leila Benali and Director General of Industry Youssef ⁣Fadel, highlighted the government’s strong support for this⁢ initiative.⁣ Influential figures⁢ like ‌Assia Benhida from the ​General ⁢Confederation of Moroccan Enterprises (CGEM)⁢ also ⁣contributed to the vibrant exchange‌ of‌ ideas.

COVAD’s strategic roadmap ⁤for 2021-2025 outlines a comprehensive approach based​ on six key pillars, encompassing innovation,‍ governance, and social inclusion. The‍ coalition has set ambitious targets, including:

Valuing ⁣60-65% of waste by 2030: This aligns with global trends towards ⁢maximizing resource utilization and minimizing landfill waste. Similar initiatives in⁤ the ‌EU,‌ for example, are targeting even higher recycling rates. (Link to relevant EU circular ​economy report)
Generating 12.2 billion dirhams from the‍ circular economy: This demonstrates the significant economic potential of a circular model, creating new industries and jobs. (Link⁢ to a report on the economic benefits of the circular economy)
Developing a regulatory framework for packaging management: ⁢ This is crucial for reducing plastic pollution and promoting ‍sustainable packaging solutions. ​ (Link to⁤ information on global⁤ plastic pollution initiatives)
Contributing to the development of a circular economy law: This will provide a solid⁤ legal foundation for the transition and ensure long-term commitment.
* Leading international negotiations to combat⁢ plastic pollution: Morocco ⁤is‍ taking a‍ proactive‍ role ⁣on‍ the global stage, advocating for‌ collaborative solutions to this pressing issue.

COVAD operates ⁢under a⁣ participatory governance model, bringing together a diverse range of⁢ stakeholders, including government ministries, local‍ communities, businesses, ​and NGOs. ‌ Under the ‍leadership of Mounir El Bari, COVAD is effectively transforming environmental challenges​ into economic⁣ opportunities.

International collaboration⁣ is another key‍ driver of the initiative’s success. COVAD has forged ‍strategic partnerships ‍with ⁢international organizations such as UNIDO, the United Nations Environment⁣ Programme (UNEP), and the ‌European Union. These partnerships not only enhance local expertise but also attract essential funding. This collaborative​ approach reflects the ​global nature of environmental challenges and the need for shared ⁤solutions.

In his closing remarks, Mounir ⁢El Bari reiterated COVAD’s core mission: ⁤”Our task⁢ is to transform environmental challenges into economic opportunities.” This statement ‍encapsulates⁢ the coalition’s strategic vision of achieving a comprehensive shift towards a circular and sustainable⁢ economy. Morocco is clearly determined ⁣to solidify its position as a regional leader in environmental sustainability and economic transformation, with a strong focus on bolstering industrial sovereignty through innovation and recycling. This commitment not only benefits Morocco but​ also serves as an inspiring example for​ other ⁣nations striving for a more ⁤sustainable future.

The MoroccoMirror team

The MoroccoMirror team is a group of passionate journalists dedicated to Morocco and its rich culture and history. We strive to provide comprehensive coverage of the latest events in the country, from politics and economics to culture and sports. Our commitment is to deliver accurate and reliable information to our readers, while maintaining an engaging and enjoyable style.

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