According to experts, Africa is the continent most vulnerable to the damaging effects of climate change: rampant desertification, falling agricultural yields, deforestation, deteriorating coastlines, irreversible losses in biodiversity, climate refugees… The continent’s historical responsibility is, after all, limited, since Africa accounts for only 4% of global greenhouse gas emissions. Yet the continent accounts for less than 5% of international green and sustainable financial flows.
As one of Africa’s leading financial centers, and as part of its development strategy to 2025, Casablanca Finance City aims to support the continent’s transition to a low-carbon, sustainable economy by channelling and consolidating investments in green projects on the continent (renewable energies, sustainable infrastructure, mobility & transport, buildings & urban planning, etc.).
CFC’s ambitions as a green financial center serving Africa
Building a green and sustainable finance ecosystem
- Set up a dedicated value proposition
- Attract major international players in green and sustainable finance (funds, service providers, etc.).
- Massifying green investment flows towards African opportunities
Initiatives undertaken as part of CFC’s green positioning
Sustainable finance roadmap
In partnership with key players in the Moroccan financial sector
Expertise exchange platform & Platform for the exchange of best practices among African financial centers
Workshops & Working Groups
– Green incentives, Assesment Program
– Launch principles UNEP FI Positive Impact
Green Bonds issue
355 M Dhs to finance the extension of the CFCA green real estate program
Conferences & capacity building
Promotion & Awareness
In Morocco & abroad