The Asian Infrastructure Investment Bank (AIIB) has agreed to support Morocco’s action climate plan with a $200 million funding to help the Kingdom implement the updated Nationally Determined Contribution (NDC 3.0). This third generation of climate action plans under the Paris Agreement targets 2035 by raising significantly ambition to align with the 1.5°C goal, covering sectors like energy, transport, and agriculture.
This financing is part of the “Climate Operation Morocco – NDC Support Program,” co-financed with the World Bank. The goal is to enhance both climate change mitigation and adaptation by supporting concrete actions on the ground until 2029.
The program will enable Morocco to expand national climate observation systems, with the installation of new radars to improve early warnings for floods, heatwaves, and droughts. It also includes the restoration of traditional gravity irrigation systems, such as khettaras and seguias, to promote less energy-intensive agriculture.
The program, already backed by a $350 million funding, also provides for the rehabilitation of degraded lands by planting resilient species such as the argan tree, olive tree, carob tree, cactus and almond tree.
For Morocco, the AIIB support marks a further step in strengthening the national climate financing framework and paves the way for a sustainable partnership with the Asian bank, with the ambition of developing solutions for other countries facing similar challenges.
