A financing mechanism for low- and middle-income households.
Morocco’s residential sector is growing – as is energy demand. To keep in line with Morocco’s NDC objectives, a financing mechanism to support energy efficiency is under preparation with support from the NAMA Facility . Within this NAMA support project, real estate developers will be supported to construct new energy efficient buildings (through the public housing developer Al Omrane) and retailers will be incentivized to market highly efficient appliances.
The Ministry of National Territtoy Planning, Urban Planning, Housing and City Policy, the Ministry of Energy, Mining and Environment, and the public housing developer Al Omrane are central stakeholders in this project that will be implemented jointly by AFD and GIZ. The project will leverage substantial public and private funds and support the implementation of Morocco’s ambitious NDCs. AFD (Agence Française de Développement) will additionally provide a EUR 100 million loan to Al Omrane. Approximately 160kt of CO2e will be mitigated over the five-year duration of the programme and 955kt of CO2e over the lifespan of buildings and appliances.
The GIZ energy cluster in Morocco and the Programme for Energy Efficiency in Buildings are working with the Moroccan partner ministries to receive EUR 20 million of climate financing from the NAMA Facility to implement the project. A final decision is expected after the detailed preparation phase by the end of 2020.
Original source here.