Morocco best African energy transition performer-World Economic Forum

Morocco best African energy transition performer-World Economic Forum

Morocco topped African and MENA region countries in the 2020 energy transition index published by the World Economic Forum.

Morocco was ranked among the countries in the world that made a huge leap forward to promote energy transition thanks to “an increased level of political commitment and better access to capital and investment” in addition to human capital preparedness, robust institutional frameworks and innovative business environments.

The Index offers fact‐based insights to support decision‐makers in their pursuit of a roadmap for a secure, sustainable, affordable and inclusive future energy system.

It does not only benchmark countries on their current energy system performance, but also measures their readiness for the energy transition.

However, the report notes that the coronavirus pandemic has put a stop to business as usual, setting off a chain of events disrupting all sectors – including energy.

“The current status of the energy transition and progress in multi-stakeholder collaboration have been slow to achieve and costly to build, and efforts must be made to ensure the clock is not reset,” it said.

The North African country is ahead of schedule in producing 42% of its energy needs from renewable sources by 2020, and targets 52% renewable energy in the national electricity mix by 2030.

Energy transition plan will help the country reduce greenhouse gas (GHG) emission by 42% by 2030.

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