Genesis Morocco: Missing opportunities

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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.

Tuesday, October 27, 2009    <<Home

Missing opportunities

UNITED NATIONS (AP) — The head of the U.N. secretary general's Climate Support Team says he doesn't see a treaty coming out of international climate talks this December. He says reduced expectations come in part because of lack of funding for developing nations, no deal on carbon emissions and lack of U.S. climate legislation.

//personal notes : I find this deplorable, although Genesis Morocco with its two components, Solaris for solar energy and project Atlas for water desalinization have been motivated not by the urgency of addressing climate change but by the economic and strategic opportunity for Morocco, to become firstly independent in energy and water resources and in a second phase an exporter.

Lets say things bluntly, I am a proponent of 'controlled liberal interventionism', ie the state should get involved in setting up the legal and investment framework for private capital to adress issues relevant to national strategical interests. The state can even take a stake in such ventures (see genesis capital distribution in previous post), although mitigated interventionism doesnt nescessarily call for public funds, lets say we shouldnt pass on opportunities that can yield funds to be allocated to other posts, social, education, healthcare and such.

Developing nations should not and most are not, asking for handouts from rich countries, long term investment geared towards making them energy and water sufficient will benefit all, even more so they are as profitable a business as any.

Genesis Morocco wasn't conceived with global warming in mind, but to take a stake of a multi trillions industry, energy and water. That it helps to alleviate global warming as a byproduct is a good thing since everyone is crying wolf, but generating revenues for the sustainable long term development of Morocco is, always was, my first priority.

So here's to rich nations that cannot agree on allocating funds, not to help, but to invest in developping countries : it doesn't make business sense in my book.