Morocco, EU discuss ways to step up cooperation in sustainable investment in green energies

Means and ways to step up cooperation in the area of sustainable investment between Morocco and the European Union were at the focus of a meeting held Thursday in Marrakech between the Minister Delegate in charge of Investment Mohcine Jazouli, and the executive vice-president of the European Commission, Valdis Dombrovskis.

During this meeting, held on the sidelines of the 31st annual meeting of the European Bank for Reconstruction and Development (EBRD) convened in Marrakech, the two sides discussed the ways to further promote cooperation in terms of sustainable investments, targeting in particular green energies.

Speaking to the press following these talks, Dombrovskis underlined the importance of renewing commercial relations between the two parties, insisting on the interest of making new sustainable investments focusing in particular on green energies.

The EU official noted that the discussions also focused on the common project towards the “Green Partnership”, marked by the complementarity between the two parties, noting that it offers huge possibilities for cooperation in view of Morocco’s huge potential in terms of renewable energies.

For his part, Jazouli said that this meeting focused on current and future challenges, in particular the Covid-19 pandemic, the reconfiguration of global supply chains and the world energy map.

Recalling the close relations between Morocco and the European Union, the Minister highlighted the Kingdom’s strong potential in the sector of renewable energies, noting that the country is positioned as a key player in this area.

Placed under the High Patronage of King Mohammed VI, the 31st Annual Meeting of the EBRD brought together representatives of the 73 countries and institutional shareholders of the Bank, including Morocco.