The CGEM and the European Union (EU) held a seminar on theEU Green Pact in Casablanca, attended by representatives of four EU Directorates-General: The Directorate-General for Neighbourhood Policy and Enlargement Negotiations (NEAR), the Directorate for the Environment, the Directorate for Energy, the Directorate for Taxation and Customs Union (TAXUD) and the Directorate for Climate Action (CLIMA). The purpose of this gathering was to present new environmental and industrial regulations under the European Green Pact, as well as the opportunities it offers the Moroccan private sector.

This was the first event to bring together 4 EU Directorates-General from Brussels to present the new European regulations to the private sector in Morocco and respond to questions from business leaders.

The EU Ambassador in Morocco stressed that the green transition is urgent on both sides of the Mediterranean and that the European Union is determined to lead the way along with its partners. The EU entered into an agreement with Morocco through the Green Partnership signed in October 2022. This partnership opens up promising avenues for Morocco, thanks to its political will, its extraordinary potential, particularly in terms of renewable energies, and committed partners including the European Union.

Fully committed to supporting Moroccan businesses in their journey to decarbonisation in an effort to strengthen their competitiveness in international markets and enable them to fully seize the opportunities presented by the energy transition, CGEM has launched several initiatives.  Last month, the Confederation provided its members with a decarbonisation guide designed with the support of the European Investment Bank (EIB). This digital tool offers a simplified process tailored to the specific needs of businesses, to help them respond to the challenges associated with the decarbonation process, in terms of climate, regulatory and competitiveness.