This week, Morocco’s Caisse de Dépôt et de Gestion (CDG) and the Casablanca Finance City Authority (CFCA) signed a Memorandum of Understanding (MoU) to establish a regional voluntary carbon market.
The agreement for the strategic partnership was signed by Khalid Safir, Director General of CDG, and Saïd Ibrahimi, CEO of the CFCA.
“This voluntary carbon market offers Morocco and Africa a unique opportunity to lead in sustainable finance,” commented Ibrahimi.
“Our partnership with CDG is a major step toward building an innovative carbon-efficient ecosystem aligned with national sustainability goals,” he added.
Casablanca Finance City (CFC) is a pan-African financial hub that provides a regulatory framework and specialised services for investors, with over 200 member companies.
Safir said that the voluntary carbon market will strengthen Morocco’s position on the international stage.
“This project marks a turning point in Morocco’s commitment to climate and sustainable development, positioning the Kingdom as a key player to address one of the most critical issues of the coming decades,” noted Safir.