Casablanca Finance City Authority is stepping up its global climate presence with two significant partnerships aimed at boosting voluntary carbon markets across Africa. The deals were announced during Climate Week NYC, underscoring Morocco’s growing role in shaping the continent’s environmental future.
The first agreement, signed with Madagascar’s Ministry of Environment, is designed to fast-track the development of carbon credit initiatives on the island. It lays the groundwork for a clear and sustainable regulatory framework while also addressing operational bottlenecks. The collaboration focuses on shortening project accreditation timelines, building local expertise in sustainability-related fields, and unlocking greater value from Madagascar’s natural assets through a South-South cooperation approach.
This move builds on the momentum generated by the African Carbon Markets Initiative, a task force launched at the African Ministerial Conference on the Environment in Nairobi. The initiative positions Casablanca Finance City Authority (CFCA) as a driving force behind continent-wide climate solutions, providing structure, knowledge, and international partnerships.
The second agreement was finalized during the 2025 North America Climate Summit with the International Carbon Reduction and Offset Alliance (ICROA). This partnership aims to lay the foundations for a robust, competitive carbon market across Africa, fully aligned with global standards. Key objectives include developing a region-specific governance model, scaling up expertise among public and private stakeholders, and driving research and advocacy efforts to harmonize regulatory frameworks.
According to CFCA CEO Saïd Ibrahimi, these developments represent a significant milestone in the institution’s long-term climate finance strategy. They build on the recent creation of the Green Assets Cluster, launched in July, and reflect CFCA’s ambition to position Casablanca as the financial hub for Africa’s green transition.
By securing these two strategic deals, CFCA aims to redirect investment flows toward credible, impactful climate projects on the continent. As ICROA Managing Director Andrea Abrahams noted, Africa has a pivotal role to play in global carbon offsetting—provided its markets can uphold transparency, consistency, and integrity.
