PMI Just-in-Time Programs
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Program Overview
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Morocco is advancing its climate and fiscal reform agenda as part of its broader development objectives. The country has articulated ambitious climate commitments through its updated NDC 3.0 (2025) and National Low‑Carbon Strategy (SNBC, 2021), including a pathway toward a low‑carbon economy by 2050. Within this framework, Morocco has identified carbon pricing, as a potential structuring policy instrument to incentivize emissions reductions, mobilize climate finance, and enhance economic competitiveness. These reforms are being pursued in an evolving international policy environment, including the entry into force of the European Union’s Carbon Border Adjustment Mechanism (CBAM) in 2026, which is becoming an increasingly important consideration for climate‑aligned fiscal and trade policy.
Objectives & Activities
Through Just‑in‑Time support, the PMI is helping Morocco prepare for the potential introduction of a national carbon pricing instrument through a combination of analytical work, technical design, and stakeholder engagement. The support focuses on:
- Assessing carbon pricing design options, including instrument choice, sectoral coverage, and economic and distributional impacts
- Analyzing Morocco’s exposure to the EU CBAM to help inform policy considerations, particularly for export‑oriented sectors.
- Facilitating targeted stakeholder engagement to build awareness and readiness for carbon pricing.