- Aug 10, 2023, 1:00 PM CDT
The EU is supporting Morocco's green transition with investments, potentially creating thousands of jobs and stimulating the Moroccan economy. The biggest challenge for Morocco will be to balance its economic needs – which will be greatly benefitted by an ongoing green energy trade with Europe – with its own energy needs.
While Morocco has enormous production potential, however, the country would essentially have to start up a clean energy sector from scratch. At present, Morocco imports 90% of its energy, most of which comes in the form of fossil fuels. It will require a huge amount of investment and infrastructure development to bring the sector up to speed, and Europe is offering a major assist to make it happen.
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