Morocco seeks backing of U.S. billionaire Mike Bloomberg – The North Africa Post

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Aziz Akhannouch, Head of the Moroccan Government, met with Michael Bloomberg (US billionaire businessman) on Wednesday in New York. Bloomberg is also UN special Envoy for Climate Change.

The meeting, which took place on the sidelines of the ongoing 77th UN General Assembly, was attended by Mohcine Jazouli, Minister Delegate for Investment and Ali Seddiki, Director of the Moroccan Agency for the Development of Investment & Exports.

Talks focused on Morocco’s energy transition and actions made to mitigate climate change & global warming as well as the huge investment opportunities offered in the country in its green energy projects.

Bloomberg Philanthropies support for clean energy in Morocco is one of the 15 developing countries that Bloomberg Philanthropies will be assisting. This move comes before the COP27 due to Egypt Nov.6-18.

Developing countries will be able to call upon industrialized and developed countries to provide more financial support to them in addressing the effects of climate change.

In a speech to the U.N. General Assembly on Tuesday, U.N. Secretary General António Guterres called on countries to tax fossil fuel companies’ windfall profits and use the revenue for loss and damage which are happening now, hurting people and their economies and must be addressed now.

“This is a fundamental question of climate justice, international solidarity and trust”, underlined the UN Chief.

Source: north africa post

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