As part of its commitment to the development of climate finance, and in line with the Kingdom’s renewable energy objectives and the creation of a regional financial hub, the Moroccan Capital Market Authority published on the 3rd of November 2016, a guide on “Green Bonds” for issuers and professionals.
Produced with the support of International Finance Corporation (IFC), a member of the World Bank Group, and a stakeholder in the Green Bond Principles Executive Committee and the IFI Framework for a Harmonized Approach to Greenhouse Gas Accounting, as part of an cooperation agreement to this end, the guide presents the key elements of the Green Bonds and their main implications. It is aimed at both issuers and investors and aims to promote the development of this new segment in the Moroccan capital market.
Indeed, this guide makes it possible to provide a clear framework, inspired by international standards, to issuers and professionals wishing to invest this market and to support the realization of the first green bonds issuances in Morocco.