Enviro News Asia, Oslo — Norway and Morocco have signed a new bilateral agreement on cooperation to reduce emissions from Morocco’s power sector, concluded under Article 6 of the Paris Agreement, which provides a framework for countries to collaborate on emission reductions through carbon market mechanisms.
Norwegian Minister of Climate and Environment Andreas Bjelland Eriksen said the agreement has the potential to increase renewable energy production in Morocco over time, with the resulting emission reductions convertible into carbon credits that Norway may purchase toward meeting its 2030 climate targets.
“In order to cut emissions, we need more cooperation between countries. The emission reductions made possible by Norwegian carbon funding can be converted into credits that Norway can purchase,” Minister Eriksen said.
Under the terms of the arrangement, emission reductions must be permanent and may, after a number of years, also be counted toward Morocco’s own national climate targets. Norway is leading efforts to establish a functioning global carbon market through the Norwegian Global Emission Reductions Initiative (NOGER), an initiative coordinated by the Ministry of Climate and Environment. (*)
