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Home > Headlines > Morocco’s Low-Carbon Strategy Promises to Boost 2050 GDP by 5%

Morocco’s Low-Carbon Strategy Promises to Boost 2050 GDP by 5%

Through its green energy strategy, Morocco hopes to create 400,000 new jobs and boost GDP by 5% by 2050.

Jasper HamannbyJasper Hamann
Mar, 13, 2024
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Morocco’s Low-Carbon Strategy Promises to Boost 2050 GDP by 5%

Morocco's Low-Carbon Strategy Promises to Boost 2050 GDP by 5%

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Rabat – Morocco expects a 5% increase in GDP and the creation of 400,000 new jobs by 2050, according to senior government officials who presented this week what they called “the Moroccan Offer” (L’Offre Maroc). 

On Wednesday Morocco’s Minister of Energy Transition Leila Benali outlined the country’s new low-carbon development strategy, which promises to create hundreds of thousands of jobs while raising the GDP over the coming decades. 

 

Morocco is currently planning a study on domestic gas and hydrogen pipelines that would be integrated into the future European green hydrogen network. By connecting with Northern partners, Morocco aims to become a regional leader in hydrogen and ammonia production, vital components to produce fertilizer products from Morocco’s most abundant resource, phosphates. 

 

Another great advantage of Morocco’s landscape is its great size, as the government is making available one million hectares of public land to ensure its green energy vision becomes a reality. The government emphasized that it will ensure this distribution of public land is done in a way that preserves the land and avoids waste, while boosting Morocco’s economic and environmental ambitions.

 

Head of Government Aziz Akhannouch echoed Benali’s optimism regarding Morocco’s updated energy policy and chemical production targets, which should garner over $10 billion in investment over the coming years.

 

Morocco’s transition towards a green energy future aims to represent not just an environmental commitment but a strategic economic transformation. 

 

By harnessing its abundant natural resources and strategic geographic position, Morocco is aiming to set a benchmark for sustainable development in Africa and beyond. The nation’s upcoming steps towards integrating green hydrogen and ammonia production, coupled with the significant allocation of public land for renewable energy projects, underline a vision that seeks to balance ecological stewardship with robust economic growth. 

 

Tags: DecarbonizationdevelopmentGDPgreen energyMorocconews
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