Mr. BOUSSAID takes part in a conference on "The Paris agreement on climate: move on to Action” : 14/04/2016

Mr. BOUSSAID takes part in a conference on "The Paris agreement on climate: move on to Action”

On the sidelines of the meeting of the 2016 Development Committee of the( IMF) and the World Bank in Washington, Mr. Mohammed BOUSSAID, Minister of Economy and Finance participated in a conference entitled " PARIS AGREEMENT ON CLIMATE: MOVE ON TO ACTION "

This conference was attended by the following experts:

  • Mr. JIM YONG KIM, President of the World Bank Group,
  • Mrs. SÉGOLÈNE ROYAL, Minister of Environment, Energy and the Sea, in charge of International Relations on climate, France
  • Mr. MARK CARNEY, Governor of the Bank of England and chairman of the Financial Stability Board,
  • Mrs. CATHERINE MCKENNA, Minister of Environment and Climate Change, Canada

In his speech, Mr. BOUSSAID stressed that Morocco which will host in November 2016, the COP 22, will maintain the worldwide action around the issue of the environment and climate change, which is of great interest for humanity as a whole.

The Minister, who welcomed the outcome of the COP 21 under the French presidency, noted that the Moroccan officials work almost daily with the Presidency of the COP 21 to maintain the mobilization around the issue of the environment and climate change.

The Minister pointed out that the objective behind the COP 22 in Marrakech is to develop a COP of actions reflecting and making effective all decisions and agreements signed in Paris.

Believing that the countries of the world are starting to develop an awareness of the environment and climate changes that result in droughts, floods and so on, Mr. BOUSSAID pointed to ways to be equipped with to adapt and fight against climate change.

In case of Morocco, the Minister of Economy and Finance argued that the Kingdom is fully committed to environmental policy. He has for this purpose, noted that our country has decided for some years to produce 42% of its electricity consumption from renewable energy sources (solar, wind and hydro) with the ambition to raise this percentage to 52% in 2030.

The Minister also referred to Noor the station of Ouarzazate recently inaugurated by His Majesty King Mohamed VI. This site will be the largest solar plant in the world. He also made reference to the wind energy program in progress and specific projects for the preservation of the environment in terms of solid and liquid waste purification.

M BOUSSAID ,thus clarified that the COP 22 in Marrakesh will be an opportunity for the Kingdom to show the Moroccan projects and programs specific to renewable energy and also discuss the case of underdeveloped countries in general and the African continent in particular that should have adequate means to be able to make its own long-lasting choices.

When asked about the specific case of Africa, the Minister stated that the continent that is in the process of important development with a growth rate of around 5% needs energy to further this trend.

As such, and in order to reduce the gap between the cost of conventional energy and renewable energy, Mr. BOUSSAID expressed the wish to make the promise given in Paris on $ 100M effective. The objective is to help the African continent and other countries decide on energy choices in line with the outcomes of the Paris meeting.