Green hydrogen would be an opportunity to achieve climate goals in Morocco, EBRD President Odile Renaud-Basso said Thursday in Marrakech.
“I think we need to step up our investments to strengthen our mobilization of the private sector and to support innovation in the countries in which we operate, in particular Morocco where green hydrogen is a great opportunity and a large part of the solution for the future “said Odile Renaud-Basso during a press conference held as part of the 31st Annual General Meeting (GA) of the EBRD.
Asked about the main measure of the Bank’s future energy policy for green, inclusive and resilient development that focuses on green objectives, Ms. Renaud-Basso highlighted the role of renewable energies in addressing climate change as part of “very important” part of the solution, especially with regard to the issue of energy security. “An important dimension of our activity in this area is energy efficiency, she said, noting that saving energy and being more efficient is paramount, especially in some countries where the EBRD operates.”. And to argue that the energy efficiency of buildings in the industrial sector will also be more important than ever for the green agenda.
Referring to the example of Morocco, she welcomed the partnership “extremely good” that exists with local banks, noting that all the types of financing that exist in the range of intervention of the EBRD are present in Morocco, namely financing for the greening of economic activity, for women and the development of SMEs as well as the facilitation of digital projects for the benefit of young people.
In addition, the President of the EBRD noted, through her various contacts with economic actors, a very strong interest of all economic actors to develop their activities, already present in sub-Saharan Africa.
Placed under the High Patronage of King Mohammed VI, the 31st General Assembly (GA) of the EBRD, which ended Thursday in Marrakech, was attended by representatives of 73 countries and institutional shareholders of the Bank, including Morocco. The first physical gathering of the EBRD since Sarajevo in 2019, this event, placed under the theme “Addressing challenges in a turbulent world”, was an opportunity to discuss global challenges such as supporting economic growth, the fight against climate change and strengthening the business environment in the regions where the Bank invests.