The role of renewable energies in stimulating investment in Morocco

Abstract

Sustainable economic development is included in the literature on sustainable development, which works to preserve natural resources from depletion. Therefore, sustainable economic development is considered the most closely linked to both the environment and society, and is the fundamental element for all sectors of the economy and a companion to human life. It works to achieve the developmental goals of societies on the one hand, and to protect and sustain the environment on the other. For this reason, sustainable development is primarily based on protecting the environment and ensuring the optimal use and fair distribution of resources between the current generation and future generations. There is now widespread interest in searching for alternative energies that play their role in maintaining the ecological balance and have emerged as an alternative to non-renewable energies that will be depleted in the coming decades. Their presence is the engine of human development, and their absence is an obstacle to economic progress. This is what prompted Morocco to present the new energy strategy, which is based on three specific time levels that are in line with global trends. The main objective of this strategic organization of the energy sector in general is to make the Kingdom immune to market fluctuations, secure energy supply, and generalize access to energy in urban and rural areas at an affordable cost, while controlling demand and preserving the environment.