The European Bank for Reconstruction and Development (EBRD) has awarded the General Confederation of Enterprises of Morocco (CGEM) a trophy in recognition of its efforts to promote, among its members, the financing product MORSEFF (Morocco Sustainable Energy Financing Facility), says a statement from the CGEM.
In fact, as part of its Climate Business Initiative Morocco (IECM), the employers’ organization conducts several training and sensitization activities of Moroccan economic actors in climate finance.
According to the same source, 230 companies, 80% of which benefited from MORSEFF, launched in 2015 and with a budget of 110 million euros, for energy efficiency or renewable energy projects, with savings of energy of more than 82 GWh/year and a reduction in greenhouse gas emissions of 23,700 tonnes of CO2 equivalent. Sixteen companies have been awarded this year.
It should be noted that through MORSEFF it has been demonstrated that companies can reduce their energy consumption, reduce their costs and improve their competitiveness by investing in higher-performance technologies, the statement concluded.