Highlights

The Minister of Economy and Finance chaired the informational meeting on the preparations for hosting the COP22 : 11/04/2016

The Minister of Economy and Finance chaired the informational meeting on the preparations for hosting the COP22

Mr. Mohammed BOUSSAID, Minister of Economy and Finance, chaired in the presence of COP 22 Steering Committee, Monday, April 11th 2016 in Rabat, the informational meeting with the technical and financial partners and friendly countries Embassies on the preparatory process to host the UN 22th summit on climate change 'COP 22'.

This meeting has been scheduled on the eve of the launch of the ratification process of the historic “Paris Agreement”. It aims to present the roadmap for the organization of this global event and review ways of supporting partners.

In his opening speech, the Minister of Economy and Finance stated that the Kingdom of Morocco offered to host the “COP 22” in Marrakech from November 7th to 18th 2016, which will focus on "innovation in adaptation to and mitigation of climate change effects”.

Noting that the Marrakech COP will be 'that of action', the Minister explained that the main objective of this event is to develop operational tools for the implementation of the Paris Agreement, resulting from the COP 21, considered as that of making decisions.

Thus, the Minister stressed His Majesty King Mohammed VI’s appointment of the Steering Committee of the COP 22 in order to succeed the organization of this world event. He further stated that this appointment was followed by the setting up of the right tools for financial governance: the creation of a SEGMA that will specifically outline the transaction accounting and the adoption of a decree that will adopt rules to implement the planned spending. The informational meeting with the technical and financial partners and the Embassies of friendly countries, on the organization of this event, was, thus, an opportunity for the Minister to focus on the programs in the field of environmental protection and the fight against climate change, namely the energy plan. This program aims to bring to 42% the contribution of renewable energy to electricity production by 2020 and to 52% by 2030. In this regard, the Minister referred to the "Noor" project, which will eventually be the largest solar project in the world and will provide power to more than a million homes. He also alluded to Africa's largest wind farm in Tarfaya that will be able to deliver power to 1.5 million inhabitants.

The Minister also stated that several programs and projects in the sectors of agriculture, water, and forests have been launched in recent years with a view to climate change mitigation and adaptation.

Moreover, the Minister of Economy and Finance stressed that technical and financial partners of the Kingdom are in line with the government policy on sustainable development. He also noted that the designation of Morocco as a host country of the 22th UN conference on climate change, is considered as an appreciation for the efforts of the Kingdom in the field of environmental protection and sustainable development