According to experts, Africa is the most vulnerable continent to the harmful effects of climate change: galloping desertification, decline in agricultural yields, deforestation, deterioration of the coastline, irreversible losses in terms of biodiversity, climate refugees… The continent’s historical responsibility is altogether limited, Africa representing only 4% of greenhouse gas emissions worldwide. Yet, the continent collects less than 5% of green and sustainable international financial flows.
As a leading financial center in Africa and as part of its 2025 development strategy, Casablanca Finance City aims to support the continent’s transition to a low-carbon and sustainable economy by channeling and massifying investments towards green projects on the continent (renewable energies, sustainable infrastructures, mobility & transport, buildings & urban planning, etc.).
CFC’S AMBITIONS AS AN AFRICAN GREEN FINANCIAL CENTER
Build-up a green & sustainable finance ecosystem
- Setup a dedicated value proposition
- Attract main international players in green & sustainable finance (funds, services providers…)
- Massify green investment flows towards the African opportunities
INITIATIVES LED BY CFC AS PART OF ITS SUSTAINABLE FINANCE POSITIONING
Sustainable finance roadmap
In partnership with the key stakeholders of the Moroccan financial industry
Platform to exchange best practices & expertise amongst financial centers in Africa & beyond.
Workshops & working groups
UNEP Finance Initiative, FC4S Assessment Program…
Green Bonds issuance
355 M Dhs to finance CFC’s sustainable real estate extension program.
Conferences & capacity building
Promotion & awareness
In Morocco & internationally