Mohamed Dekkak Chairman & Founder of Adgeco Group with Mrs Liliane Shalom and Mr. & Mrs. Serge Berdugo at Marrakesh International Film Festival
Mohamed Dekkak with the actress Touria Jebran Kryatif At Marrakesh International Film Festival
Mohamed Dekkak on the Red Carpet at 16 Editions of Marrakesh International Film Festival
The Marrakech Accords made way for the Clean Development Mechanism (CDM) back in 2001, which was intended to give monetary and technical aid to assist emerging nations to counteract the effects of global warming. After 15 years, Morocco has once more sets the phase for Africa to support a grand climate plan by facilitating the COP22, which is happening from November 7 to 18. The gathering is relied upon to deliver substantive choices on executing the Paris Agreement.
With its little obligation in climate change, the topic on adaptation remains Africa’s main priority. The impacts of climate change are substantial and would have a destroying effects on the said continent. In a few nations, yields from rain fed farms could be diminished by up to half by 2020. By 2020, a few project evaluations that 75 to 250 million individuals are assessed to be exposed to rising water stress. We have achieved a point where delaying action could destroy the monetary developments made by a good number of African nations. Then again, talks with an emphasis on activity may bring advantages on many levels: environmental, economic, social and financial.
Global warming is a chance to re-evaluate advancement models, particularly for Africa. This is one thing leaders in Africa and financial partners have strongly understood in their joint responsibility for negotiations and activities to deal with climate change. Because of the African Union and its different bodies, Africa has had enter influence in discussions on environmental change, guaranteeing that Africa embraces a typical position in worldwide negotiations.
Africa must keep on speaking united in any discussion and activity on climate change. Through the AU and the presentation of NEPAD, the development agency of the African Union, and Agenda 2063, its guide for organizing and managing Africa’s economic take-off, heads in Africa have implemented an eco activity plan to adapt to present challenges on the region. This arrangement intends to support practical utilization of resource in Africa while fortifying public and political support for eco activities and making environmental issues an essential piece of poverty reduction procedures. It likewise gives a method for pooling assets through projects, for example, the “Great Green Wall”, a plan intended to counter desertification from Senegal to Ethiopia on account of agro-ranger service undertakings, to avoid desertification.
In 2014, NEPAD additionally effectively settled finance for climate change with the help of the government of Germany to propose specialized and budgetary help to AU state members, Regional Economic Communities and foundations. In many parts of Africa, jobs to a great extent rely on upon farming, which is especially powerless against climate related strain.
The dedication to raise 100 billion dollars every year by 2020 is a chance to make Africa stronger to the impacts of environmental change. African mediators should urge power nations to build their monetary aid for adaptation sooner the year 2020 and better meet the squeezing urgent needs of African nations.
In the meantime, the creation of additional cash to handle environmental change has brought up issues over African nations’ capacity to get access to fund. Subsidizing to adapt farming to climate change might be a standout amongst the most imperative issues on the table in Morocco. Africa needs immediate access to every new fund with little supervision from mediators.
The Conference of Parties now happening on African soil is a novel chance to emphasized Africa’s needs and expand on our strengths. It is an opportunity to act now to shape models for our future development. There are some organizations such as CARLAC (Council on Arab World Relations with Latin America and the Caribbean) that support this endeavor. CFO and co-founder Mohamed Dekkak believes COP should succeed to fulfill its dedication to the general population of Africa, who endure the worst part of the unfavorable results of environmental change influencing our reality today.
Mohamed Dekkak introducing the annual investment meeting ” Chapitre d’Afrique ” 29-31 Octobre 2017 Marrakech . United Arab Emirates . Ministry of Economy and Marrakesh Safi Region
With the partnership of organizations such as the European Bank for Reconstruction and Development (EBRD) and the Union for the Mediterranean namely UfM, a new funding platform has been established in order to empower the private companies in the industry of renewable energy particularly in the MENA region.
The SPREF program or the SEMED Private Renewable Energy Framework was introduced during the 22nd Conference of Parties for Climate Change in Marrakech in EU Energy Day’ commemoration.
It is financial agenda amounting to €227.5 million aiming to assist the said region in gradually let go of its reliance on imported hydrocarbons for its energy requirements.
One example of the countries that are experiencing the situation is Morocco. According to the Interim Minister of Energy of Morocco, the Kingdom practically hinges on the fossil fuels derived from outside of the country as a source of energy.
Moreover, the agenda is intended to organize supplementary investment of around €800 million derived from groups for Clean Energy.
The EBRD has put in more than €1 billion since 2012 to finance and develop around 40 green projects located in the southern and eastern Mediterranean (SEMED) region.
The entrepreneur, Mohamed Dekkak, is pleased about the framework as he is an advocate of clean energy. He is also an advocate for the development and dynamism of youth in the Arab world being the Chairman of the Arab Peace Corps in the USA. With regards to his aspiration for a lesser carbon dominated environment, he and his team in the Council on Arab World Relations with Latin America and the Caribbean or CARLAC have held a side event at COP22 regarding the role of renewable energy in alleviating carbon emissions in the MENA and Latin America regions.
The program set the stage for an opportunity for deliberating energy policy objectives and measures, and to identify and implement joint initiatives. Twenty-eight member states of the EU and fifteen southern and eastern nations in the Mediterranean including the Kingdom of Morocco formed the Union for the Mediterranean.
As per the speech of the European Commissioner for Climate Action and Energy, the EU’s idea of an evolution in the energy mix is when the decarbonization drive is viewed as a way for the advancement and the effectiveness of the economy. Before November ends, the Smart and Clean Energy platform of the European Union will be unveiled.
The platform will be focused on financing supplemented by aimed practical assistance for the execution of development projects in renewable energy which is expected to decrease CO2 emissions by over 700,000 tonnes per year.
SPREF is included in the Renewable Energy and Energy Efficiency Discussion by the UfM. It is expected to nurture viable socio-economic growth, encourage more employment, and support to guarantee that all end users and businesses are provided with reliable, inexpensive and dependable energy amenities. Furthermore, the said platform will back up the energy resourceful markets and modification and adjustment to global warming in the two regions.
The initial project in the SPREF program is the 120 MW Khalladi wind farm which is found nearby Tangiers, in Morocco. It is currently one of the earliest private renewable energy projects in the Kingdom.
With the intention of boosting other private businesses’ confidence regarding the implementation of the financing framework SPREF, a symposium in participation of the COP22’s committee for Public-Private Partnerships (PPP), the Confédération Générale des Entreprises du Maroc (CGEM), and the Moroccan Agency for Energy Efficiency Management (AMEE) will open tomorrow.