orocco and Norway signed a mitigation outcome purchase agreement under Article 6.2 of the Paris Agreement on November 12 in Antalya, on the sidelines of COP31, with the support of the Global Green Growth Institute (GGGI).
Norway may buy up to 8.78 million internationally transferred mitigation outcomes generated between 2027 and 2036. They will be paid for only once the emission reductions have been measured and independently verified.
The agreement puts into operation Morocco’s Generation-Based Incentives program, which will pay production-linked incentives to solar, wind and battery storage projects held back by economic or financing barriers. It aims at about 2 GW of new renewable capacity.
The signing, at the Morocco Pavilion, took place in the presence of Charafat Afailal, Minister of Energy, Mines and Sustainable Development, and Sigrun Aasland, Norway’s Minister of Climate and Environment. The Africa Carbon Link fund, co-managed by CDG and Casablanca Finance City Authority, will run the program.
The partners must now finalize its rulebook and its monitoring and verification arrangements ahead of a pilot phase, and the first mitigation outcomes are expected from 2028.
Photo: GGGI.
Global Green Growth Institute - Morocco and Norway Sign Purchase Agreement on Emission Reductions to Scale Up Renewable Energy
Ministère de l’Énergie, des Mines et du Développement durable - Signature d’un Accord d’achat de résultats d’atténuation (MOPA) en marge de la COP31
