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Thursday 19 September 2019

Energy Efficiency in Building Sector: Moroccan Project Obtains €20 Million Financing from NAMA Facility

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Energy Efficiency in Building Sector: Moroccan Project Obtains €20 Million Financing from NAMA Facility

The Moroccan project "Integration of energy efficiency in the building sector" has been selected to receive €20 million in funding from the NAMA Facility, as part of an international competition.

The selection of this project confirms the Kingdom's "pioneering" role in the fight against greenhouse gas emissions and climate change, said in a statement on this occasion minister of National Territorial Development, Urban Planning, Housing and Urban Policy, Abdelahad Fassi Fehri.

"Morocco is strongly committed, in accordance with the guidelines of HM King Mohammed VI, to a worldwide movement to fight global warming and limit greenhouse gas emissions," the minister recalled, noting that "this commitment is manifested in various ways and has become extensive since Morocco hosted COP22.

The Moroccan project was chosen following a selection process and an evaluation of projects carried out by experts mandated by this Facility and by donor bodies or countries after an international competition, said Fassi Fehri, pointing out that this project was carried out in partnership with the ministry of Energy and Mining and the Al Omrane Group.

The NAMA Facility is an international climate finance program that works to inspire ambitious action on climate change.

Within the context of the Paris Agreement and the commitment to limit global temperature rises to below two degrees Celsius, the NAMA Facility finances innovative and transformational greenhouse gas mitigation projects in developing countries and emerging economies across the world.

MAP 19 September 2019