Morocco has a clear opportunity to establish itself as a regional hub for generating high-quality carbon credits, Minister of Energy Transition and Sustainable Development Leila Benali said on Tuesday.
Speaking at the “Scaling up Carbon Market in Africa” conference in Casablanca, Benali said the country is well-positioned to offer carbon credits with strong environmental and social co-benefits, underpinned by significant renewable energy investments and infrastructure.
She stressed the importance of building a credible market by harmonizing regulations, strengthening governance and transparency, and mobilizing large-scale climate financing. Carbon markets, she said, should serve not only economic goals but also political and social objectives.
Benali also framed Morocco’s climate strategy as a proactive, values-driven choice—not merely a response to international pressures—highlighting the country’s long-term commitment to energy transition and competitiveness. The EU’s Carbon Border Adjustment Mechanism (CBAM), she added, is now seen as an opportunity rather than a constraint.
The conference, organized by Casablanca Finance City Authority (CFCA), CDG Group, and Germany’s GIZ, focused on scaling carbon markets in Africa and positioning Casablanca as a key platform for climate finance and emissions trading.
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