As environmental standards increasingly shape international market access, the Moroccan Confederation of Exporters (ASMEX) is urging the government to design the upcoming green financial taxonomy as a strategic tool for competitiveness. The call was made during a recent consultation on the taxonomy's development, which aims to classify sustainable economic activities and guide investment.
ASMEX argues that a well-designed taxonomy will help Moroccan exporters align with European Union regulations, particularly the EU's sustainable finance disclosure requirements, and avoid potential trade barriers. The confederation emphasizes that the taxonomy should be practical, sector-specific, and aligned with national priorities such as renewable energy and water efficiency.
According to ASMEX, the taxonomy could also unlock new financing opportunities from international investors and development banks, which increasingly require environmental, social, and governance (ESG) criteria. The confederation recommends that the taxonomy include clear technical screening criteria and be developed in consultation with the private sector.
The Moroccan government, with support from international partners, has been working on a national green taxonomy as part of its broader sustainable finance roadmap. The taxonomy is expected to be finalized by 2027, according to earlier statements from the Ministry of Economy and Finance.
