Morocco is one of the countries best positioned in the green hydrogen revolution, thanks to its abundant solar and wind resources, said Thursday in Marrakech, the President of the European Bank for Reconstruction and Development (EBRD). ), Odile Renaud-Basso.
“Morocco is today one of the best-positioned countries in the green hydrogen revolution, a technology for which it might offer some of the lowest production costs in the world,” said Ms. Renaud-Basso, who spoke at the opening of a session of the Business Forum of the European Bank for Reconstruction and Development (EBRD), dedicated to investment prospects in Morocco.
And to explain that “Morocco approaches the green transition in a particularly relevant way from our point of view as a means of responding to environmental challenges, reducing costs and ensuring energy security”.
In addition, the EBRD President assured that Morocco’s green energy potential also gives it a strategic advantage in terms of regional integration, adding that this “is all the more true at a time when geopolitics is pushing Europe to accelerate its energy transition”.
The Kingdom has been at the forefront of deploying large-scale solar and wind capacity, she noted, adding that its ambitions to reach more than half of its energy mix in renewables by the end of the year. end of the decade are even more impressive.
Recalling the importance of the climate component which has become the EBRD’s main strategic compass, Ms. Renaud-Basso said that “the Kingdom is one of our countries of operations which has the most ambitious objectives in the fight once morest climate change “.
Placed under the High Patronage of HM King Mohammed VI, the 31st General Assembly of the European Bank for Reconstruction and Development, continuing until May 12 in Marrakech, brings together representatives of the 73 countries and institutional shareholders of the Bank, including Morocco.
The first physical gathering of the EBRD since Sarajevo in 2019, this event, under the theme “Addressing challenges in a turbulent world”, is an opportunity to discuss global challenges such as supporting economic growth, the fight once morest climate change and strengthening the business environment in the regions where the Bank invests.
In parallel with its general meeting, the EBRD also holds its business forum, which stands out as an appropriate platform for exploring investment opportunities and forging lasting business ties.
Business Forum panels will focus on digitalization, sustainability and the transition to a green economy, mobilizing private capital, equality and inclusion, alongside other hot topics.
The European Bank for Reconstruction and Development (EBRD) Business Forum, held in parallel with the Bank’s 31st General Assembly, is an appropriate platform for exploring investment opportunities and forging lasting ties. ‘business.
Placed under the High Patronage of HM King Mohammed VI, the 31st General Assembly of the EBRD, continuing until May 12 in Marrakech, brings together representatives of the 73 countries and institutional shareholders of the Bank, including Morocco.
The first physical gathering of the EBRD since Sarajevo in 2019, this event, under the theme “Addressing challenges in a turbulent world”, is an opportunity to discuss global challenges such as supporting economic growth, the fight once morest climate change and strengthening the business environment in the regions where the Bank invests.
Source: MAP
