fOLLOWING THE ADOPTION OF A cLIMATE fINANCE sTRATEGY IN sEPTEMBER 2024; AIMED AT ACCELERATING THE MOBILIZATION OF FINANCIAL RESOURCES TO HELP mOROCCO ACHIEVE ITS 2030 MITIGATION AND ADAPTATION GOALS; mOROCCAN AUTHORITIES ARE DEVELOPING TOOLS TO PROMOTE GREEN AND SUSTAINABLE FINANCE AND MOBILIZE THE NECESSARY FINANCING. tHIS INCLUDES THE IMPLEMENTATION OF A gREEN fINANCE tAXONOMY (gft); CONSIDERED A CRUCIAL PILLAR FOR THE DEVELOPMENT OF SUSTAINABLE FINANCE IN mOROCCO.a gREEN tAXONOMY IS A CLASSIFICATION TOOL DESIGNED TO PROVIDE COMPANIES; FINANCIAL MARKETS; AND POLICYMAKERS WITH CLEAR INFORMATION ON SUSTAINABLE BUSINESS ACTIVITIES. iT ALSO OFFERS INVESTORS; GOVERNMENTS; AND BOND ISSUERS GUIDELINES FOR IDENTIFYING ENVIRONMENTALLY SUSTAINABLE ASSETS AND BUSINESS ACTIVITIES. aCCORDING TO THE iNTERNATIONAL cAPITAL mARKET aSSOCIATION (icma); A GREEN TAXONOMY IS A CLASSIFICATION SYSTEM USED TO IDENTIFY ACTIVITIES OR INVESTMENTS THAT WILL HELP A COUNTRY ACHIEVE SPECIFIC TARGETS RELATED TO PRIORITY ENVIRONMENTAL OBJECTIVES.tHE DEVELOPMENT OF mOROCCO'S GREEN FINANCE TAXONOMY IS PART OF A GROWING MOMENTUM IN SUPPORT OF THE kINGDOM'S CLIMATE STRATEGY; AS PART OF A WELL-DEFINED DECARBONIZATION ROADMAP. tHE wORLD bANK IS SUPPORTING mOROCCAN FINANCIAL AUTHORITIES (mOf; bam; ammc; AND acaps) IN THIS EFFORT; IN COLLABORATION WITH FINANCIAL SECTOR ACTORS AND INTERNATIONAL INSTITUTIONS. sCOPE AND kEY fOCUS aREAStHE gft WILL PRIORITIZE ENVIRONMENTAL ISSUES; WITH A FOCUS ON:*cLIMATE cHANGE aDAPTATION – aDDRESSING RISKS SUCH AS WATER SCARCITY; DESERTIFICATION; AND NATURAL DISASTERS.*cLIMATE cHANGE mITIGATION – rEDUCING EMISSIONS THROUGH RENEWABLE ENERGY AND SUSTAINABLE MOBILITY.*sUSTAINABLE wATER & mARINE rESOURCE mANAGEMENT – eNSURING WATER CONSERVATION FOR ECONOMIC AND ECOLOGICAL STABILITY.*bIODIVERSITY pROTECTION & rESTORATION – pRESERVING mOROCCO’S UNIQUE ECOSYSTEMS IN LINE WITH INTERNATIONAL COMMITMENTS.tHIS INITIATIVE MARKS A SIGNIFICANT STEP TOWARD STRENGTHENING mOROCCO’S SUSTAINABLE FINANCE FRAMEWORK; FOSTERING CLIMATE RESILIENCE; AND REINFORCING ITS LEADERSHIP IN GREEN FINANCE WITHIN THE REGION.