Genesis Morocco

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Genesis Morocco

Project Genesis is a strategic sustainable development framework for Morocco to translate from being a net importer of energy and a country facing water shortage issues, into the number one producer both of clean renewable energy and water in the region.

Thursday, December 14, 2006    <<Home


I have been looking online to find such funds as the proposed renewable energy fund for sustainable development, REFSD. There is a UN innitiative that has broadly similar goals.

Below is the summary concerning the REEP. Morocco however isnt a signatery of this partnership.

The UN Department for Economic and Social Affairs, Division for sustainable development. Partnerships for Sustainable Development

Renewable Energy and Energy Efficiency Partnership (REEEP)-

Summary of the partnership's goals and objectives
Accelerate a global market for Renewable Energy and Energy Efficient Systems (REES).
Tremendous financial resources from the private and public sector will be needed to meet developing and transition countries? future energy demand in a sustainable way. Obstacles prohibiting this development include a lack of reliable policies and regulatory measures, and the perceived high risk and low return investments in REES.

The removal of the obstacles to sustainable energy is urgently needed:
- Robust policies and favourable, transparent and stable regulatory frameworks are required to attract private investors and to guarantee affordable energy services to the consumers.
- New forms of financing, risk mitigation and guarantee models will be necessary to make small sized renewables and energy efficiency projects bankable and economically attractive.
REEEP aims to work as an enabler, multiplier and catalyser of institutional change, and to have a real impact over the next decade with the following objectives:
1. Significant global increase of investments in renewable energy
2. Significant global increase of energy efficiency measures
3. Significant increase in access to sustainable energy services for the poor