Green finance: a lever for energy transition and climate change mitigation : The case of Morocco

Abstract

This article analyzes the role of green finance in Morocco’s energy transition and the fight against climate change. Green finance, through instruments such as green bonds, represents a strategic lever for channeling financial flows toward sustainable projects. The study highlights Moroccan initiatives, including bond issuances by MASEN, ONCF, and several banks, as well as their impact on the energy transition. Despite significant progress, several challenges remain, such as the limited volume of issuances, the need for a stronger regulatory framework, and the diversification of financed projects. Recommendations are proposed to strengthen the role of green finance in decarbonizing the Moroccan economy and consolidating the country’s position as a leading player in Africa.