Casablanca Finance City and CDG Forge Strategic Partnership to Establish Voluntary Carbon Market
In a significant step towards sustainability, the Caisse de Dépôt et de Gestion (CDG) and Casablanca Finance City Authority (CFCA) have signed a Memorandum of Understanding (MoU) to create a regional voluntary carbon market, supporting Morocco's leadership in sustainable development. The project, aligned with the Paris Agreement and His Majesty King Mohammed VI’s directives on environmental preservation, aims to position Morocco as a pioneer in sustainable finance in Africa.
Khalid Safir, Director General of CDG, and Saïd Ibrahimi, CEO of CFCA, emphasized the market’s importance for global greenhouse gas (GHG) reduction. The carbon market will help build a carbon-efficient ecosystem in Morocco, enhance export competitiveness, and strengthen the country’s position on the international stage in climate action and sustainable development.
This initiative will also allow Africa to play a leading role in the generation of high-quality carbon credits, leveraging the continent's rich natural resources to support global decarbonization efforts.
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