Morocco has secured €65 million in green financing from the European Bank for Reconstruction and Development (EBRD) to support its national transition toward a more sustainable, low-carbon economy.
The funding, part of the EU-backed Morocco Decarbonisation and Climate Resilience programme, will be directed toward climate resilience, energy transition, and the advancement of eco-friendly technologies.
The initiative, backed by the European Union and the UN’s Green Climate Fund, marks a strategic boost to Morocco’s long-term environmental and economic goals. According to an official statement by the EBRD, the financing will support sustainable investment across a wide range of sectors.
Ayoub Krir, president of the Oxygen for Environment and Health Association, told Hespress AR that Morocco has evolved into a key regional hub for green finance since hosting the COP22 climate summit in Marrakech.
“Morocco has, for many years now—particularly since COP22—transformed into an African hub for attracting international green financing,” he noted.
This marks the fifth collaboration between the EBRD and the Moroccan Bank for Commerce and Industry (BMCI), which is tasked with disbursing the funds through sub-loans to small and medium-sized enterprises (SMEs) as well as larger firms. The aim is to stimulate sustainable development by supporting eco-conscious businesses and fostering the adoption of clean technologies.
Morocco’s climate leadership was reaffirmed last year when it ranked 8th globally in the 2025 Climate Change Performance Index, the highest position among African and Arab countries. The new funding is expected to further bolster its commitment to the Paris Agreement and its 2030 climate roadmap.
However, some experts have voiced concerns about equitable access to the funding. Mostafa Benramel, president of the Eco-Lighthouse Association for Development and Climate, stressed the need for “fair geographic distribution of funds” to ensure that businesses in all regions benefit equally. He also called for greater support for enterprises that specialize in local product development.
Krir echoed this, adding that Morocco is rapidly implementing green practices, such as renewable energy projects and seawater desalination, in exchange for its growing access to international climate financing. “This tailored financial support will only accelerate Morocco’s green transition and reinforce its role in the global push for sustainable development,” he said.
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