Morocco Pledges Complete Coal Phase-Out by 2040, Seeks $30B Climate Funding for COP30
Morocco's Ambitious Plan to Eliminate Coal by 2040 Morocco has made a bold commitment to eliminate coal from its energy mix by 2040, marking one of the most significant climate initiatives in the country’s history. This pledge, announced just weeks before COP30 in Belém, Brazil, highlights Morocco’s growing role as a leader in Africa’s energy transition. However, the success of this plan depends heavily on securing approximately $30 billion in international climate financing. Energy Transition Minister Leïla Benali confirmed that Morocco will no longer develop any new coal-fired power plants and is preparing for the gradual retirement of existing ones. She emphasized that this shift is part of a broader strategy to move toward cleaner, locally sourced energy. According to Benali, contractual reforms and public-private investments will play a crucial role in supporting this transition. Currently, coal accounts for nearly 60 percent of Morocco’s electricity generation, according t...