Morocco

[machine translated]: "Morocco is actively preparing to participate in the financial and cooperation mechanisms provided for in Article 6 of the Paris Agreement. In the context of the Partnership for Market Implementation (PMI) and the Transformative Carbon Asset Facility (TCAF) of the World Bank, Morocco aims to establish the bases for participating in the pilot activities of the Article 6. Morocco also plans to use its experiences acquired in the development and management of projects under the CDM for its participation in the mechanisms of Article 6."

[machine translated] Morocco is very interested in the potential of carbon market mechanisms to mobilize new financing through the cooperative approaches provided for in Article 6 of the Paris Agreement, particularly to finance its mitigation projects, the implementation of which is conditional on obtaining international financial support. This approach aligns with the interest of many countries, which see in collaboration with Morocco an opportunity to raise the ambition of their own mitigation commitments. To date, Morocco has signed bilateral agreements or Memoranda of Understanding with several countries, including Singapore, Norway, Switzerland, and South Korea. To harness this potential in a concrete manner, Morocco has already undertaken several steps to operationalize the cooperative approaches of Article 6 of the Paris Agreement within its territory, including: - Raising awareness and training all stakeholders to ensure the operationalization of cooperative approaches under Article 6 of the Paris Agreement; - Establishing a national Article 6 framework clearly defining the eligibility criteria, procedures, modalities, and distribution of roles and responsibilities for issuing authorization decisions (Activities, Entities, and Transfer of ITMOs/Carbon Credits); - Strengthening the engagement of stakeholders, particularly the private sector, with the development of a dedicated practical guide to facilitate their understanding and involvement in the carbon market in Morocco.