The Center Marocain de Conjoncture (CMC) has just published a new issue of its monthly newsletter “Maroc Conjoncture”, a special entitled “Renewable energies: Achievements and challenges”.
A press release from the CMC specifies that this special revolves around several axes relating in particular to “Green hydrogen, vector of growth and energy transition: Medium and long-term prospects”, “Social dialogue: A difficult management”, ” Revaluation of the Minimum Wage: What impact on businesses and households? “, “The Investment Charter: Innovations, challenges and scope of the new framework law”, “The female labor market: Low participation and discrimination” and “New technologies: Towards a man-machine agreement? “.
Thus, this new issue notes that Morocco, whose economy is heavily penalized by the cost of importing fossil fuels, is making significant efforts to ensure an energy transition driven by renewable energies, affirming that the Kingdom aims, at To this end, to mobilize the natural resources, which it enjoys, to succeed in the challenge of improving energy efficiency.
Morocco is counting on the construction of an industry backed by green molecules (Power-to-X or PtX), particularly hydrogen and, alternatively, ammonia and methanol, notes the same source, specifying that Power conversion technologies -to-X encompass many applications including power-to-hydrogen.
Being part of this dynamic not only makes it possible to diversify the energy mix but constitutes a substantial vector, bringing about reindustrialization and decarbonization of the territories, underlines the CMC, adding that this is an initiative encouraged by the recoverable potential, which the country has, in renewable energy, to which is added the expertise developed by the Kingdom over the last decade.
Concerning the axis of “Social dialogue: A difficult management”, the center makes it known that the galloping inflation which has persisted for more than a year with its impact on income and purchasing power is pushing the unions to review the increase their demands in terms of wages but also of all working conditions.
On the employers’ side, continues the CMC, this same inflation leaves employers little room for negotiation because it weighs on production costs, weakens the level of competitiveness and disrupts expectations of the business cycle.
For the authorities, the exacerbation of inflationary pressures complicates the conditions for arbitration between divergent interests for all stakeholders, affects fiscal sustainability and threatens the stability of the macroeconomic framework, explains the publication, noting that the constraints weighing on the conduct of social dialogue and its management thus result from the difficulty of implementing the commitments made on both sides in a particularly demanding economic and financial context.
In addition, the publication analyzes, in another area, the link between growth and investment, emphasizing that the latter constitutes, along with consumption, one of the fundamental components of demand.
“Investment promotes the growth of capital and strengthens the productive capacity of the economy, to induce development. Therefore, it is necessary to put in place a support and encouragement policy to improve the overall investment climate. This requires the construction of a quality legal framework, allowing the laying of the foundations, both effective and transparent, necessary for the protection of the investment. Means and measures must be adopted to participate in risk mitigation while ensuring the optimization of the positive impact to be produced on the economy and society”, indicates the CMC.
And to recall that in this context, the Kingdom proceeded to an update of the investment charter of 1995, to adapt it to the objectives of the economic emergence coveted by Morocco, both in terms of investment and international competitiveness, than in reducing territorial inequalities or reducing unemployment and creating jobs.
The special also pointed out that the discrimination inherent in the labor market is responsible for manifest exclusions which particularly affect women, pointing out that this phenomenon is aggravated, in an alterity between the sexes, at the level of the population categories which are neither in employment, neither in education nor in training (NEET neither in employment nor in education or training) where female relegation reaches 76.4%.
Women are also concentrated in low-paid and low-skilled jobs, notes the CMC, recalling, in this sense, that the promotion of gender equality and the expansion of women’s participation in the development of economic opportunities occupy prominent place in the recommendations of the New Development Model (NMD).