Mr RABBAH presides the presentation ceremony of Morocco Mining Plan (PMM) 2021 - 2030
In accordance with the High Royal Directives encouraging the implementation of s ...
Morocco and IRENA Partner to Boost Renewables and Green Hydrogen Development
Morocco's Ministry of Energy, Mines and Environment and IRENA sign strategic par ...
Mr. Aziz RABBAH, Minister of Energy, Mining, and Sustainable Development, met on Wednesday, September 25, 2019 the Executive Director of the Global Fund for Cities Development (FMDV), an institution whose goal is to facilitate and assist cities and regions in accessing international climate finance funds to support local programs and projects.
During the meeting, the Minister pointed out that Morocco's regions, cities, as well as local governments are actively involved in the development dynamics experienced by Morocco, which are based on the principles of sustainable development, and stressed the fact that these local and infranational authorities have all initiated the development of a set of sustainable projects in different sectors..
At the same time, the Minister highlighted the constraints faced by these local and territorial governments, particularly with regard to the financial aspect and the development of integrated projects that can be financed by international organizations, particularly climate finance and investment funds.
The Executive Director of this organization emphasized the important place of the Moroccan experience in the field of sustainable development in general, especially in the field has energy transition, stressing the importance it attaches to the development of cooperation and partnership with Morocco as a leader in this area at regional level.
In this context, the Minister stressed the need to support the Moroccan regions, cities and institutions concerned to develop integrated long-term programs, that are compatible with the national sector-specific strategies, and translated into projects that could be financed by international organizations, including by funds aimed at combating climate change, as well as the need to develop innovative financial engineering and sophisticated public-private partnership models, taking into account the ambitions, specificities, and constraints of Moroccan cities and regions.
In addition, the Executive Director of the International Fund for Urban Development reiterated his willingness to organize a workshop bringing together donors and international investors in the field of climate-related activities, as well as local and regional actors and competent Moroccan ministerial departments to work on the convergence of available financing opportunities with the needs of the projects and programs proposed by Moroccan regions and cities.