By Assad Bhuglah
Morocco, an Arab country in North Africa, does not have oil and gas wealth. It is a heavily energy-dependent economy. It imports nearly all of its energy and relies predominantly on fossil fuels to meet its domestic energy demands. Morocco adopted a new national energy strategy in 2009 that aims not only to reduce its carbon footprint, but also to diversify the sector through a new framework of renewable energy projects financed by foreign investors and through green bonds issued by the country. But by far the most attention has been on the development of “mega” infrastructure projects in an ambitious plan to transform the country’s energy mix.