Morocco goes forward on cleantech
It seems Morocco has done a lot in its own energy transition. As RTCC reported the country should be held up as a ‘poster child’ for effective green policymaking according to the World Bank’s top climate official, Rachel Kyte.
This occurs as the country has recently cut its fossil fuels subsidies because the government could afford them anymore. Meanwhile it has incentivise investments in renewable energy, whether domestic or foreign.
This spurred clean energy investments which recently went from $300m (221 million euros) to $1.8 billion (1.3 billion euros). Let’s hope Morocco and other countries in the region will keep on going forward