Morocco energy storage subsidy policy

What are Morocco's energy policy initiatives?

Beyond the advancement of renewable energy, Morocco’s policy initiatives encompass energy efficiency measures in challenging-to-abate sectors, such as building insulation and the adoption of energy-saving light bulbs. The overarching objective is to achieve a 20% reduction in overall energy consumption by 2030.

Will removing oil subsidies affect Morocco's energy system?

With Morocco’s existing generation capacity, including ample coal-burning capacity but limited renewable energy, removal of oil subsidies alone could cause a shift from oil to coal and natural gas, slightly increasing electric system carbon emissions on a net basis.

Does Morocco have a fuel subsidy policy?

Fuel subsidies: Like the Policy Scenario, the Baseline 2016 scenario assumes that there are no fuel subsidies are in effect in Morocco’s electricity system from 2014 onward. Electricity tariffs: This scenario assumes that Moroccan electricity consumers continue to pay the same for electricity as they did in 2015 in all years between 2016 and 2030.

Does Morocco need a new energy policy?

The analysis shows that current policies in Morocco need significant strengthening to meet the targets outlined in its Nationally Determined Contribution for 2030, based on the elimination of coal-fired power plants and the uptake of renewable energy technologies, in particular wind and solar power.

Can Morocco achieve 52% renewable installed capacity by 2030?

Looking forward, Morocco needs make substantial additional policy efforts to enable its ambition of reaching 52% renewable installed capacity by 2030, while preserving valuable fiscal resources from wasteful and inefficient energy subsidies and protecting those people who could be adversely affected by these policies.

How can the Moroccan electric system achieve long-term sustainability?

However, more needs to be done for the Moroccan electric system to achieve long-term financial, energy, and climate sustainability. Moving forward, continuation of energy subsidies and tariff reform, and acceleration of the incorporation of renewables are instrumental to the success of the National Energy Strategy and NDC.