Morocco Boosts Sustainable Growth with €65 Million EBRD Green Fund
Morocco has obtained €65 million in green funding from the European Bank for Reconstruction and Development (EBRD) to aid its shift towards a more sustainable, low-carbon economic model.
This financial support, which is part of the EU-supported Morocco Decarbonisation and Climate Resilience initiative, aims at boosting climate resilience, facilitating an energy shift towards greener alternatives, and promoting environmentally friendly technological advancements.
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 promote sustainability across various industry sectors.
Ayoub Krir, the president of the Oxygen for Environment and Health Association, informed Diwida |AR that Morocco has become a significant regional center for green finance following its hosting of the COP22 climate conference in Marrakesh.
"For several years now, particularly since COP22, Morocco has become an African center for securing international green finance," he observed.
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 small and medium-sized enterprises (SMEs) and bigger companies. The objective is to encourage sustainable growth by backing environmentally aware businesses and promoting the use of green technology.
Last year, Morocco reinforced its role as a leader in addressing climate change by securing the 8th spot globally in the 2025 Climate Change Performance Index, marking the top rank for an African and Arab nation. This fresh financial support aims to strengthen its dedication to the Paris Agreement and advance toward achieving its climate goals outlined for 2030.
Nonetheless, certain specialists have raised issues regarding fair access to financial assistance. Mostafa Benramel, who leads the Eco-Lighthouse Association for Development and Climate, emphasized the importance of "equitable geographical allocation of resources" so that companies across different areas can profit evenly from these funds. Additionally, he advocated for increased backing for firms focused on developing locally sourced products.
Krir seconded this sentiment, noting that Morocco is swiftly adopting environmentally friendly measures like renewable energy initiatives and seawater desalination programs, facilitated by increasing access to international climate funding. "Such targeted financial assistance will expedite Morocco’s shift towards greener policies and strengthen its position in the worldwide effort toward sustainability," he remarked.
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