Morocco launches public consultation on green financial taxonomy project

This initiative aims to gather feedback, comments, and proposals from stakeholders and the public to enrich and finalize the taxonomy. The project is a key component of operationalizing the 2030 Climate Finance Development Strategy and accelerating Morocco's international climate commitments, including those outlined in the new NDC 3.0 and the 2050 National Low-Carbon Strategy. The green financial taxonomy provides a common framework for classifying economic activities as green, based on predefined scientific and technical criteria.

This will help identify climate investment opportunities and improve risk management within the financial sector. Initially, it focuses on high-impact climate sectors such as energy, transport, and industry. The goal is to provide public actors, financial institutions, investors, and public and private companies with a harmonized framework to identify activities and investment projects that contribute to climate change mitigation and adaptation.

The consultation documents include chapters on climate change mitigation, covering emission reduction activities, and climate change adaptation, focusing on activities that enhance resilience to climate risks. Stakeholders are invited to provide input on proposed technical criteria, the clarity and usability of the framework, implementation modalities, and support needs. Contributions can