Morocco’s Green Future Gets a €250 Million Boost from EBRD
The European Bank for Reconstruction and Development (EBRD) has announced a significant €250 million loan to support green financing in Morocco. This substantial investment aims to accelerate the country’s transition to a more sustainable, low-carbon economy. This commitment underscores the growing global recognition of the importance of green finance in tackling climate change and fostering sustainable development.
Morocco has been making strides in renewable energy and sustainable development, setting ambitious targets like achieving 52% of its electricity generation from renewable sources by 2030. This loan from the EBRD will be instrumental in helping the country reach these goals. It will provide crucial funding for projects in various sectors, including renewable energy infrastructure, water management, and sustainable agriculture. These investments will not only reduce Morocco’s carbon footprint but also create new jobs and stimulate economic growth.
The EBRD’s
