Morocco is among 13 countries selected by the European Bank for Reconstruction and Development (EBRD) under a $634 million climate financing program designed to democratise access to green funding and accelerate the ecological transition.

The initiative is being implemented in partnership with the Green Climate Fund (GCF).

According to the EBRD, the GCF is contributing $200 million in a mix of concessional loans, incentive grants, and technical assistance.

These resources will be channeled to a broad range of beneficiaries, including households, small farmers, SMEs, local authorities, public services, and large companies. Partner financial institutions will distribute the funds to support projects in areas such as energy efficiency, renewable energy, sustainable construction, and climate-resilient technologies.

The program builds on the “Green Economy Financing Facility” (GEFF), which was endowed with $1.4 billion—including $378 million from the GCF—and has already had a transformative impact on several emerging markets.

The EBRD highlights the structuring effect of this model, which combines concessional financing, climate risk management tools, and training for partner financial institutions. Institutions committed to transition plans aligned with the Paris Agreement will also receive specific incentives.

Inclusion is a key priority: at least 30 percent of sub-loans must be distributed outside capital cities, while a minimum of 20 percent will be earmarked for women-led projects. Since 2017, the EBRD and GCF have mobilised more than $5.2 billion in climate finance to support mitigation and adaptation projects across three continents.