|Focus area||Energy efficiency|
|Type of action||Strategy/Policy|
|Submitted to UNFCCC registry||No|
|Start of initiative|| |
|Financing and support details|
|Financing status||Seeking financing|
|Total cost||EUR 290 mln|
|Financing requested|| |
|Financing received to-date|| |
|Principal source of financing||Multilateral|
|Principal type of financing||Grant|
|Capacity building required||Yes|
|Technology transfer required||Yes|
|Proponent(s)||Ministry of Environment|
|International funder(s)||There will be negotiations with EBRD, EIB and WB.|
|Organization providing technical support||NAMA Fund, Moroccan government, UNDP GIZ, French Environment and Energy Management Agency (ADEME), Freight Forwarders Association of Morocco (AFFM).|
The objective is to increase energy efficiency and deployment of renewable energy technologies in Morocco's residential sector. It has set specific targets for 2030: the installation of 983,000 solar thermal collectors, thermal insulation of 136,400 residences, the installation of 4,450 thermal inertial refrigerators coupled with PV panels, and the deployment of 130 million fluorescent lamps. The NAMA is comprised of a financial component and a technical support component.
The NAMA will put in place a concessional credit line available to banks for financing the construction of 10,000 new energy efficiency-compliant residences per year for 5 years. In addition, it will set up a bank credit with favorable terms to finance renovation of existing residences (addition of thermal insulation, acquisition of solar collectors and acquisition of PV-linked thermal inertial refrigerators). There will also be a short-term 10% investment subsidy for new construction and renovations, followed by an extension of the existing VAT exemptions for social housing programs.
Impact and MRV
|Cumulative GHG reductions: No data available|
No information has been provided on mitigative capacity
|Social:|| The NAMA is expected to bring energy savings of 7,539 ktoe over the 2015-2030 period, and savings on household energy bills amounting to 112 billion dirhams (assessed by AETS).
|Economic:|| The NAMA is also expected to lead to the creation of 50,000 new jobs (assessed by AETS).
|Environmental:|| Information has not been provided
No MRV plan has been defined