Morocco secures green financing through Sustainable Land Fund

Morocco has emerged as a key beneficiary of the Mirova Sustainable Land Fund 2 (MSLF2),a €363 million impact investment initiative targeting sustainable agricultural and forestry management across seven countries,reinforcing the Kingdom’s leadership in Africa’s ecological transition.

The fund,launched by Mirova—a Natixis Investment Managers affiliate—with strategic support from the Green Climate Fund,addresses urgent agro-environmental challenges including soil erosion,water scarcity,and climate disruption. Morocco’s selection reflects its established trajectory integrating sustainability principles into agricultural and climate policies.

The MSLF2 deploys a hybrid financing model,combining €75 million in concessional capital from the Green Climate Fund with private investment to create a multiplier effect. This innovative approach exemplifies emerging trends in climate finance,balancing economic returns with large-scale environmental benefits.

Morocco’s participation supports long-term objectives including resilient agricultural practices,greenhouse gas reduction,and sustainable job creation. Funding will specifically target agroforestry projects,organic agriculture,and regenerative soil management—nature-based solutions addressing food security while combating land degradation.

The Kingdom’s selection builds on its established green finance credentials. Since hosting COP22 in Marrakech in 2016,Morocco has strengthened its institutional framework through the National Sustainable Development Strategy,green funding windows for environmental projects,and innovative financial instruments including green bonds.

The Generation Green 2020-2030 agricultural roadmap further demonstrates Morocco’s commitment,placing sustainability and human development central to reforms. This latest partnership positions Morocco at the forefront of results-based climate financing,reflecting institutional investors’ growing preference for sectors delivering measurable environmental and social impact while reducing climate risk exposure.

The Mirova Sustainable Land Fund 2 aims to tackle the interconnected challenges of land degradation and climate change by investing in SLM projects in selected countries,including besides Morocco,Costa Rica,Côte d’Ivoire,Ghana,Malaysia,Peru,and the Philippines. It supports reversing land degradation by investing in practices in agroforestry,regenerative agriculture,and sustainable forestry. These approaches will enhance soil health,increase biodiversity,and improve carbon sequestration,making agriculture and forestry more resilient to climate variability and extreme weather events.