September 24, 2021

The Green Climate Fund recognizes the Moroccan Sustainable Energy Agency

The Rabat Green Climate Fund (GCF) recognized the Moroccan Agency for Sustainable Energy (MASEN) in a virtual meeting on July 1. The GCF, established by the United Nations Framework Convention on Climate Change (UNFCCC), “is designed to support a paradigm shift in the global response to climate change,” according to the United Nations Program for Climate Change website. Environment.

The South Korea-based GCF has 24 countries and focuses on global climate action in developing countries.
The certification “consolidates Morocco’s international leadership in the field of renewable energy and reinforces Mason’s role as a leading player in this field at the national and continental level,” Mason’s press release noted.
Currently, GCF has 9 projects in Morocco and has approved 5 projects ready.

MASEN plans to increase the kingdom’s reliance on clean energies, such as wind, solar and hydro power. According to GlobalData, by 2030, Morocco will be 52% dependent on clean energy.
Projects such as the Noor solar power plant in Ouarzazate and the Fask dam near Guelmim aim to propel Morocco towards a green future. In February 2021, Morocco’s Energy Minister Aziz Rabbah stated that the Noor solar power plant provides power to approximately 2 million Moroccans.

Also read: Ouarzazate Noor solar power plant in Morocco provides electricity to 2 million Moroccans (ODS) These include goals such as relying on affordable clean energy and climate action. In addition, GCF has pledged to provide nearly 227.6 US dollars (2.03 billion dirhams) to support Morocco’s efforts to respond to
climate change and improve Morocco’s green infrastructure.

The fund serves as a catalyst for “climate innovation that builds proof-of-concept through investing in new technologies, business models and practices.
In addition to MASEN, GCF has also recognized 103 international climate change entities, including the Moroccan Agricultural Development Agency.

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