Morocco Ramps Up Industrial Decarbonization Efforts in Response to EU Carbon Tax

Recently adopted by the European Parliament, the project of a carbon tax at the borders of Europe is linked to a mechanism for adjusting carbon emissions at the borders compatible with the WTO, i.e. a tax will be applied to all products exported to the EU by countries not applying the Paris Agreement, reports La vie éco.

Buoyed by its prowess in renewable energies, Morocco is displaying its commitment to decarbonizing its industry. This policy consists for industrialists to reduce all inputs to the maximum, in favor of the use of renewable energies for electricity and heat. Also, the Moroccan Agency for Energy Efficiency (AMEE) is now intervening in the development of clean production in industry and sustainable mobility, by focusing on monitoring the Moroccan industrial sector in its decarbonization.

It is in this framework that the "Tatwir Vert" program, which is part of the Industrial Recovery Plan, launched with Maroc PME, suggests subsidies to support the investments of SMEs and VSEs. In addition, the AMEE has provided technical support for the strengthening of regulatory texts, through the development and definition of the limits of minimum energy performance requirements (MEPS) for energy-intensive equipment used in various sectors, especially in agro-industry, transport and construction.

Still in this decarbonization policy, other financial tools such as the Green Value Chain (GVC) and the Green Economy Financial Facility have been set up by European partners, with partner financial institutions. In addition, the European Bank for Reconstruction and Development (EBRD) and its partners have signed more than 5 billion euros, with more than 150 partner financial institutions in 27 countries. By the end of 2025, the EBRD will have financed 360 million euros in green financing lines.