Leila Benali, Minister of Energy Transition and Sustainable Development, signed on Tuesday, May 5, 2026, a bilateral agreement with Mr. Andreas Bjelland Eriksen Morocco and Norway have taken a new step in climate cooperation by signing a bilateral agreement focused on carbon market mechanisms under the Paris Agreement.
During a remote meeting held on Tuesday, May 5, 2026, Morocco’s Minister of Energy Transition and Sustainable Development, Leila Benali, and Norway’s Minister of Climate and Environment, Andreas Bjelland Eriksen, formalized the deal. The agreement centers on the implementation of Article 6.2 of the Paris Agreement, which allows countries to collaborate through international carbon markets.
The partnership aims to develop joint projects that generate internationally transferable mitigation outcomes (ITMOs), helping both nations meet their nationally determined contributions (NDCs) under global climate commitments.
A key component of the agreement is the launch of a Generation-Based Incentive (GBI) program. This initiative is designed to support the rollout of around 2 gigawatts of renewable energy capacity in Morocco between 2026 and 2036, including battery storage systems. The program will particularly target complex or less commercially viable renewable projects that require additional financial backing through carbon market tools.
Officials say the initiative could reduce up to 10 million tons of carbon dioxide emissions by 2030. It is also expected to boost green investment, unlock climate finance, encourage technology transfer, and create new job opportunities in the renewable energy sector.
The agreement reflects growing international momentum toward market-based solutions to accelerate the energy transition while strengthening bilateral climate partnerships.
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