Latest news with #CDGGroup
Morocco World
09-07-2025
- Business
- Morocco World
Morocco Charts Path to Low-Carbon Future Through Strategic Carbon Markets
Rabat — Morocco's Energy Transition Minister Leila Benali outlined on Tuesday the country's ambitious low-carbon vision at the second 'Scaling of Carbon Markets in Africa' conference in Casablanca. She said the North African country views carbon markets not as a technical checkbox but as a strategic tool for sustainable development. Beyond technical compliance 'This is not about checking boxes. This is a deeply ethical, strategic, and economic choice,' Benali argued at the conference organized by Casablanca Finance City Authority and CDG Group with international partners. She pointed out that Morocco treats carbon markets as more than just technical mechanisms — they anchor the country's development model across energy, economic, and social dimensions. Morocco has shown remarkable foresight by building its carbon market foundation before the Paris Agreement's Article 6 mechanisms were finalized. 'Climate action should no longer be the privilege of big emitters. It must be an approach that takes advantage of Morocco's main competitive advantages,' the minister explained. Strategic energy moves Benali noted Morocco's resilience during challenging geopolitical moments, particularly when Algeria cut gas supplies to Europe in 2021. The crisis pushed the North African country to take bold steps, including strengthening pipeline networks to support both natural gas and future green hydrogen use. The country has made decisive moves toward clean energy, aiming to abandon coal in its electricity generation plan by 2030. It has also canceled planned coal projects in Nador and Jarada, the minister noted. Meanwhile, work continues on converting fuel oil turbines to natural gas, with the Nador West Med project serving as Morocco's first LNG entry point. Building international partnerships The North African country has signed bilateral agreements with Switzerland, Singapore, South Korea, and Norway to develop high-impact projects. It has also launched the 'Carbon Balance Morocco' project in partnership with the Mohammed VI Foundation for Environmental Protection, the Moroccan Agency for Energy Efficiency, the Ministry of Industry, the Moroccan Standardization Institute, and business leaders. African leadership vision Benali described Morocco as an emerging 'corridor for strategic transition metals and minerals between Africa, Europe, and the Atlantic basin.' The country plans to create an ESG certification mechanism for resources extracted or processed in Morocco. The minister further called for African-defined standards to facilitate financing for the mineral value chain. Morocco is developing a national certification system for green electrons and gradually liberalizing the medium-voltage market. Competitive advantage through carbon certification The European Union's Carbon Border Adjustment Mechanism has pushed exporting industries to adopt low-carbon practices. Benali sees carbon certification as a 'tool for competitiveness, market share preservation, and decarbonization support.' Morocco's approach demonstrates how developing nations can turn climate challenges into economic opportunities through strategic planning and international cooperation. Tags: Low carbonLow-carbon visionMoroccoRenewable Energies
Maroc
02-06-2025
- Business
- Maroc
INEE Certified as Morocco's First Energy Services Company
Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to obtain official accreditation as an Energy Services Company (ESCO). This certification was granted by the Ministry of Energy Transition and Sustainable Development, within the framework of Decree No. 2-24-153, which implements Law No. 47-09 on energy efficiency, according to a press release from INEE. Specializing in energy efficiency solutions, renewable energy production, and decarbonization, INEE is now positioned as a key player for contracting energy efficiency projects through Energy Performance Contracts, based on a structured partnership model. The company deploys high value-added technical solutions and commits to delivering actual energy performance, enabling stakeholders to secure their efficiency objectives while benefiting from integrated, measurable, and long-term support. Through its integrated approach, INEE contributes to the structuring of a national energy efficiency ecosystem, supporting the scaling up of sustainable projects, says the same source. In doing so, it fully aligns with the Kingdom's ambition to strengthen its energy sovereignty, accelerate its decarbonization, and consolidate the resilience of its economy in the face of climate challenges. As the first ESCO certified under the new national legal framework, INEE affirms its role as a trusted partner to assist public and private stakeholders in their decarbonization journey. This also confirms the CDG Group's structured and long-term commitment to the energy transition and territorial development. The company intervenes across the entire value chain—from energy audits to real-time operation and monitoring—by integrating financing, engineering, and project structuring. It also supports its partners in change management and in obtaining energy efficiency certifications and labels. It operates in strategic sectors such as Smart City, industry, tertiary (services), logistics, agriculture, and in the implementation of the Exemplary Administration Pact. (MAP: 02 June 2025)
Morocco World
02-06-2025
- Business
- Morocco World
INEE Becomes Morocco's First Accredited Energy Services Company
Doha – Innovative Energy & Efficiency (INEE), a subsidiary of the CDG Group, has become the first company to benefit from official accreditation as an Energy Services Company (ESCO) in Morocco. The Ministry of Energy Transition and Sustainable Development issued this authorization on May 20, as part of Decree No. 2-24-153, implementing Law No. 47-09 on energy efficiency. The ministry stated this development represents an important step in operationalizing the regulatory framework for energy efficiency, building on their ongoing efforts. INEE is the first ESCO approved under the new national legal framework. The company specializes in energy efficiency solutions, renewable energy production, and decarbonization. According to company information, INEE operates across the entire value chain, from energy audits to real-time monitoring and operation. Their services integrate financing, engineering, and project assembly for clients in both public and private sectors. 'This recognition allows INEE to contract energy efficiency projects through Energy Performance Contracts based on a structuring partnership model,' the company stated. These contracts connect ESCOs to their clients through measurable objectives, with payment directly linked to actual energy savings achieved. The ESCO business model is designed to reduce financial risk for clients while helping to cut energy consumption. According to INEE, they deploy technical solutions with a commitment to achieving energy performance targets. The company reports operating in sectors including Smart City development, industry, tertiary services, logistics, and agriculture. It also works on implementing the Administration's Exemplarity Pact. Energy efficiency is emerging as a driver of job creation in the sector. The new regulatory framework aims to develop a national ecosystem of specialized companies while promoting skills training. INEE states that through its approach, it contributes to structuring a national energy efficiency ecosystem. This work supports Morocco's efforts to strengthen energy sovereignty, accelerate decarbonization, and build economic resilience against climate challenges. The ministry has already authorized 25 companies responsible for mandatory energy audits. It has expressed commitment to supporting companies wishing to join this ecosystem and contribute to building a more sustainable economy. As a wholly-owned subsidiary of CDG Developpement, INEE's new status reflects the CDG Group's involvement in energy transition and territorial development in Morocco. Tags: Energy Services CompanyEnergy transitionESCO
