The Minister of Energy Transition and Sustainable Development, Leila Benali, affirmed Wednesday in London Morocco’s commitment to joining forces with the international community to overcome 21st-century challenges, by strengthening the governance of energy transition and improving the management of its natural capital.
In her speech at the “Innovation Zero Congress” on climate and clean tech, Benali explained that Morocco’s roadmap aims to accelerate the development of renewable energies, sustainably decarbonize the economy, and build a flexible and resilient energy system.
In this context, Benali detailed, before an audience of experts and policymakers, that the Kingdom seeks to increase the share of renewable energies in its energy mix, up to 52% in 2030, compared to the current 40%, and build a resilient energy system.
Stressing that decarbonization is a crucial element of Morocco’s agenda, the Moroccan minister recalled that Morocco was one of the first countries to update its Nationally Determined Contribution (NDC) with a new ambition to reduce greenhouse gas emissions by 45.5% by 2030.
“We reiterate our commitment to a global warming trend of 1.5°C,” reaffirmed Benali, stressing that the Kingdom operates 61 projects relating to seven economic sectors to achieve its goals.
Recalling that Morocco was the first country to conclude a Green Partnership with the European Union (EU) on energy, climate, and environment, the Moroccan official underlined the importance of regional integration and connectivity between the electricity, gas, and carbon markets to ensure optimal cooperation.
On this occasion, the Minister of Energy Transition urged the international financial community to develop the tools and means necessary for the pricing of climate risks and projects relating to renewable energies to enable decision-makers to promote sustainable development.
“We look forward to a serious discussion on the means to assess climate risks, and the role of innovation, research, and development in support of new technologies and fuels,” concluded Benali.
The congress, held between May 24 and 25 in London, sheds light on innovation as the greatest weapon to face climate change, highlighting new solutions from the sectors of energy, transport, industry, finance, and construction.
“Innovation Zero” Congress is a platform that facilitates exchanges between companies, governments, and investors to join forces to reduce the repercussions of climate change.