RABAT (Reuters) – The European Union will invest 1.6 billion euros in support of Morocco’s energy and digital transition efforts, the European Commission President Ursula von der Leyen said on Wednesday.
“This is a great opportunity for green and digital transition,” Von der Leyen said on her Twitter account following talks in Rabat with Moroccan Prime Minister Aziz Akhannouch.
Morocco targets a 45.5% cut in greenhouse gas emissions by 2030 and has set a renewable energy goal of more than 52% in installed electricity capacity by 2025.
The aid is part of an EU plan, dubbed Global Gateway, announced in September to mobilise up to 300 billion euros over 2021-2027 in support of sustainable projects that boost connectivity between the EU and its partners, an EU source told Reuters.
(Reporting by Ahmed Eljechtimi; Editing by Kirsten Donovan)
