Green Pioneers in Emerging Markets: Morocco's Strategic Integration of Green Finance and Entrepreneurship for Sustainable Development

Muhammad Mohiuddin, Meryem h Ourhalouc, Atar Derj, Adil Bami and Slimane Ed-Dafali

A chapter in Competitiveness in the New Era from IntechOpen

Abstract: Morocco's strategic embrace of green entrepreneurship and decarbonization initiatives underscores its commitment to sustainable development and environmental stewardship. This study explores the integration of innovative green finance mechanisms and sustainable business models within Morocco's economy, revealing how these strategies significantly reduce the nation's carbon footprint. The country's ambitious goal to achieve a 52% renewable energy share by 2030 is facilitated by the deployment of green bonds and substantial investments in solar and wind projects. Key findings indicate that despite Morocco's minor global pollution contributions, its proactive sustainability strategies set a compelling precedent for emerging economies. The study identifies critical challenges such as financial barriers, technological advancements, and regulatory frameworks that need to be addressed to enhance the efficacy of these initiatives. Morocco's progress provides valuable insights into the potential of green entrepreneurship to catalyze a transition toward a low-carbon economy, offering a model for other nations aspiring to integrate economic growth with environmental sustainability.

Keywords: green entrepreneurship; entrepreneurial orientation; climate change; decarbonization; green finance; business model; Morocco; renewable energy (search for similar items in EconPapers)
JEL-codes: Q56 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ito:pchaps:329105

DOI: 10.5772/intechopen.115154

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