Casablanca is stepping up its commitment to green finance with the launch of the Green Assets Cluster, an initiative led by Casablanca Finance City Authority aimed at developing and structuring Morocco’s carbon market. The announcement was made during the “Scaling up Carbon Market in Africa” conference, a key event focused on the rise of carbon markets across the continent.
The Green Assets Cluster is designed to bring together national and international players to foster dialogue, cooperation, and skills development across every link in the carbon value chain. Through this initiative, Casablanca is positioning itself to become a central player in Africa’s low-carbon economy, aspiring to lead the continent in sustainable finance and climate-focused investment.
According to Saïd Ibrahimi, CEO of Casablanca Finance City Authority, this project is fully aligned with Morocco’s climate ambitions and echoes global priorities for environmental action. The initiative has also won the backing of major institutions such as the CDG Group. Its Director General, Khalid Safir, stressed the importance of the project in mobilizing funding in line with Morocco’s commitments under the Paris Agreement and the CORSIA mechanism for carbon offsetting and reduction in international aviation.
The event brought together key figures, including Morocco’s Minister of Energy Transition, Leila Benali, and the European Union’s ambassador to Morocco. Supported by the German development agency GIZ, the discussions highlighted the expanding role of voluntary carbon markets in driving ecological transition, boosting corporate competitiveness, and strengthening Morocco’s position as a regional hub for sustainable finance.
As the global push for carbon neutrality accelerates, Casablanca’s move reflects a broader strategy to align economic development with environmental responsibility, while also opening new pathways for green investment across Africa.
