(Ecofin Agency) - Morocco wants to reduce its greenhouse gas emissions by 45.5% by 2030. The country also plans to increase the share of renewable energy to more than 52% by 2025.
The European Commission President Ursula von der Leyen (pictured) has announced an investment of €1.6 billion ($1.8 billion) to support the energy and digital transition in Morocco. The project will run over the next five years. "This is a great opportunity for the green and digital transition. Morocco is a country with which we have built a strategic, close, and solid partnership," she said.
The agreement with the EU makes Morocco the first African nation to benefit from the "Global Gateway" program, which aims to mobilize up to €300 billion between 2021 and 2027 for climate and digital projects.