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    ESG CSI & Philanthropy

    EU to invest €1.6bn in Morocco's green, digital transition

    The European Union will invest €1.6bn in support of Morocco's energy and digital transition efforts, the European Commission president Ursula von der Leyen said on Wednesday, 9 February.
    10 Feb 2022
    10 Feb 2022
    European Commission president Ursula von der Leyen. Virginia Mayo/Pool via Reuters
    European Commission president Ursula von der Leyen. Virginia Mayo/Pool via Reuters

    “This is a great opportunity for green and digital transition,” Von der Leyen said on her Twitter account following talks in Rabat with Moroccan Prime Minister Aziz Akhannouch.

    Morocco targets a 45.5% cut in greenhouse gas emissions by 2030 and has set a renewable energy goal of more than 52% in installed electricity capacity by 2025.

    The aid is part of an EU plan, dubbed Global Gateway, announced in September to mobilise up to €300bn over 2021-2027 in support of sustainable projects that boost connectivity between the EU and its partners, an EU source told Reuters.

    Read more: green economy, Reuters, digital transition, energy transition, Ursula von der Leyen
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    Source: Reuters

    Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.

    Go to: https://www.reuters.com/
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