Energy

Lacking the hydrocarbons reserves of some of its neighbours, Morocco has had to rely on imports of fossil fuels to develop its economy. This has left the country exposed to fluctuations in global energy prices and has impacted the kingdom’s budgetary position. However, the country has taken measures to reduce dependence on energy imports. Over the last several years the kingdom has been able to develop know-how in the renewable sector, expand its clean energy production capacity, and establish a new industry that is helping to attract investment and create jobs. All this has helped to inject dynamism into the kingdom’s energy sector, and this momentum is likely to continue over the coming years. In order to be able to build on these achievements, however, the sector authorities will need to step up regulatory efforts to properly define market conditions. This chapter contains an interview with Bertrand Piccard, Founder and President, Solar Impulse Foundation, and UN Ambassador.