Morocco and Norway have signed a new agreement that will support renewable energy projects through carbon finance. The deal will allow Norway to purchase emission reductions generated by projects in Morocco, helping developers secure funding for new solar and wind power initiatives.
According to Norway’s Ministry of Climate and Environment, the projects could generate up to 8.78 million tonnes of emission reductions over ten years. Norway will purchase these reductions once the projects achieve and verify them.
The agreement also supports Morocco’s wider plan to expand its renewable energy capacity. Under the programme, the two countries aim to help develop around 2 gigawatts (GW) of renewable energy capacity by 2036. This includes battery storage systems, which can help manage the supply of electricity from solar and wind sources.
Carbon finance to support new projects
The agreement addresses a key challenge facing renewable energy developers in Morocco. Although the country has strong solar and wind resources, some projects still struggle to attract investment because their costs remain too high.
Through this programme, Norwegian funding will provide financial support to eligible projects. As a result, developers will have a better chance of moving forward with projects that might otherwise remain on hold.
Moreover, the initiative could create new jobs and attract further investment in Morocco’s renewable energy sector. It also aims to increase the country’s use of clean energy while supporting its climate commitments.
A partnership under the Paris Agreement
The deal builds on a cooperation agreement that Morocco and Norway signed in May 2026. Both countries are working under Article 6 of the Paris Agreement, which allows countries to cooperate on projects that reduce greenhouse gas emissions.
However, the agreement sets clear conditions for payment. Norway will only pay for emission reductions after the projects achieve them, independent checks confirm their results, and the countries complete the required transfer.
These rules also ensure that countries do not count the same emission reductions twice.
Through this partnership, Morocco and Norway aim to combine climate finance with renewable energy investment. In doing so, the agreement could help bring more solar and wind projects into operation while supporting efforts to cut global emissions.