The European Bank for Reconstruction and Development (EBRD) has just adopted its new strategy for transitioning to a green economy for the period 2026-2030. The European institution aims to mobilize at least €150 billion in climate investments to accelerate energy transformation in its countries of operation. In this roadmap, Morocco emerges as one of the most strategic partners in the southern and eastern Mediterranean region.
With this new program, the EBRD aims for a significant increase in its green financing. The announced €150 billion represents a roughly one-third increase compared to the funding mobilized between 2021 and 2025. The stakes are high. Investment needs to support climate transition in partner economies are estimated at over €560 billion per year by 2030. The institution intends to play a leveraging role by combining its own financing with private capital.
In this strategy, Morocco holds a special position. The EBRD highlights the Kingdom’s commitment to climate policy as well as the strategic frameworks already in place. The country has notably submitted its nationally determined contribution, its long-term climate strategy, and its national adaptation plan to the United Nations. These commitments align with a vision of economic transformation based on decarbonizing productive sectors, developing green hydrogen, enhancing multimodal transport, promoting the circular economy, and modernizing agri-food systems.
The EBRD also emphasizes Morocco’s potential in developing sustainable finance. The Kingdom is among the emerging markets capable of accelerating the issuance of green, social, and sustainability financial instruments. These instruments are already beginning to develop in the Moroccan market and are helping to progressively structure a financial ecosystem geared towards energy transition.
The strategy also mentions the potential effects of the European Union’s carbon border adjustment mechanism. This measure, which aims to tax imports from heavily carbon-emitting industries, could affect certain Moroccan export sectors. However, for the EBRD, this constraint could also present an opportunity. It may encourage Moroccan industries to accelerate their modernization and decarbonization in order to maintain their competitiveness in European markets.
Beyond the Moroccan case, the EBRD’s new strategy relies on a comprehensive approach to the green transition. The institution aims to act simultaneously across several key economic systems. Energy is a central pillar, with the goal of tripling the capacity of renewable energy it finances or facilitates by 2030. Industry, agro-food, transport, cities, and the financial sector are also among the priority areas for this transformation.
The bank stresses that the ecological transition should no longer be viewed as a mere environmental objective. It is now considered a lever for economic competitiveness and resilience against climate crises and geopolitical shocks. In this light, all new projects supported by the EBRD must be aligned with the goals of the Paris Agreement. The institution also plans to enhance projects integrating climate adaptation and biodiversity protection.
This commitment is part of a trajectory already underway for several years. Since 2006, the EBRD has invested over €75 billion in projects related to the green transition. By 2025, more than half of its annual financing was dedicated to climate initiatives. With its new strategy, the institution aims to accelerate this momentum and make the ecological transition a driver of economic transformation across all its regions of operation. In this movement, Morocco appears as one of the partners expected to play a central role in the energy transformation of the region.
With Le Matin.