Launch event for the GCF : Readiness project "Enhancing Access to Climate Finance in Morocco's Regions
GGGI is pleased to announce the launch of a GCF Readiness project "Enhancing Access to Climate Finance in Morocco's Regions" as a delivery partner for the Government of Morocco. The project is conducted in partnership with the Ministry of Interior; the Ministry of Energy, Mining and Environment - Department of Environment; and the 4C, and with E. Co and Mr. Ludwig Liagre as technical partners for implementation.
The Readiness project will support regional governments in accessing climate finance and structuring bankable projects though the design of a National Financing Vehicle as a blended climate finance mechanism, and through the development of a sub-national climate finance capacity building program for pipeline development to be implemented in collaboration with the 4C Maroc.
The project aims to support the Government in the development of inclusive green territories in order to contribute to the Nationally Determined Contribution (NDC) 2030 targets of a national overall GHG emission reductions of 42% below business-as-usual (BAU) emissions, and the closing of the green investment gap of USD24 billion in conditional investments.