The Climate Unit, responsible for coordinating the actions of the Ministry of Economy and Finance (MEF) in the fight against climate change, held its second meeting on Thursday May 9 in Rabat. This second meeting, which follows on from the Unit's launch workshop held on January 25, 2024, was an opportunity to adopt the Unit's rules of procedure.
It should be recalled that the Climate Unit was created at the MEF level by Circular Letter n°10322 from the Minister Delegate in charge of the Budget, dated 28/11/2022. It brings together representatives of the various Directorates and General Departments of the Ministry involved, and acts as a “task force” for the integration of climate considerations into public finances, in line with national legislation and policies, as well as with the international commitments made by our country.
It is worth noting, in this respect, the central role played by the MEF, through the various levers at its disposal, notably the introduction of financial and tax incentives, the development of appropriate budgetary choices, the definition of suitable customs policies, the regulation of public procurement, the mobilization of innovative financing, etc. These actions are essential to foster the transition to a sustainable and climate-resilient economy, as advocated by the Kingdom's New Development Model. These actions are essential to promote the transition to a sustainable, climate-resilient economy, as advocated by the Kingdom of Morocco's New Development Model.
As a result, this second meeting of the Climate Unit saw interesting exchanges on the methodology for the Budget climate label, which is currently being prepared with the support of the French Development Agency. The results of a study carried out by the German Agency for International Cooperation (GIZ) on fiscal measures to promote energy efficiency were also discussed. Besides, preliminary discussions were held on carbon pricing.