COP 30: Morocco Calls for Reform of Global Climate Finance with an Innovative Territorial Approach
Energy Transition and Sustainable Development Minister Leila Benali has confirmed that Morocco is advocating for a new vision during the 30th Conference of the Parties (COP 30) in Brazil, focusing on reforming the global financing system to ensure a more equitable climate transition for developing countries linked to territorial transformations.
In an interview with the Maghreb Arab Press, Benali explained that the Kingdom participates in the conference with the conviction that a decisive shift is necessary in the implementation of climate commitments. She emphasized that Morocco calls for a fairer international financing framework, following the “Baku-Brazil Roadmap,” which sets a collective target of $1.3 trillion annually, ensuring a balance in funding distribution between adaptation, mitigation, and loss and damage, with a larger share allocated for adaptation as a priority for Africa.
The minister noted that Morocco’s commitment is reflected in the Nationally Determined Contribution 3.0, presented before the conference, which aims to reduce emissions by 53% by 2035. This contribution includes two key innovations: a specific index for the cost of reducing emissions by sector and linking financial flows directly to adaptation projects at the territorial level.
Benali added that Morocco is working to strengthen its African and Arab alliances and establish its role as a bridge between Africa and Europe and the Atlantic. She highlighted ongoing projects for electrical interconnection with Mauritania and Europe, energy and transportation corridors under development, and efforts to accelerate access to climate financing through international partnerships, including the Green Climate Fund.
Regarding the Kingdom’s energy strategy, Benali mentioned that since 2009, it has been based on renewable energies, energy efficiency, and regional integration, noting that the installed capacity from green energy has reached 5.6 gigawatts, constituting 46% of national capacity, with a goal to exceed 52% by 2030. The minister revealed plans for additional capacities of over 15 gigawatts between 2025 and 2030, with investments nearing 120 billion dirhams, of which 78% is allocated to renewable energy, while accelerating the development of green hydrogen and a supporting local industrial chain.
