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Electricity

Morocco : Renewables might generate 500,000 jobs by 2040

Friday, 30 December 2016 15:37

(Ecofin Agency) - By 2040, the renewable energy sector might create in Morocco between 270,000 and 500,000 jobs, reveals a study conducted by the Mediterranean Forum of Institute of Economic Sciences (Femise).

According to the study, this potential will be sustained by growing interest and investment in this form of energy. Femise also said major opportunities could arise from challenges that the nation will face as it water resources will decrease.

Morocco indeed committed to invest over the next 15 years, $30 billion to develop renewable energies, bringing the share of this type of energy in its global mix to 52% over the period.

Gwladys Johnson

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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