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Fuel price pressure drives renewables urgency in Morocco

China

China

China

Fuel price pressure drives renewables urgency in Morocco

2026-05-23 17:01 Last Updated At:21:57

The rising fuel prices in Morocco are pushing the country to accelerate the shift toward cleaner power, with the government looking at a longer-term strategy built around renewable energy and energy sovereignty.

Morocco is spending about 160 million U.S. dollars a month to soften the impact of rising fuel prices on households and businesses.

Officials say global energy volatility, Middle East tensions, drought and recent floods are adding pressure on transport, food and agricultural costs in the country.

For many Moroccans, higher fuel prices are no longer just an issue at the pump. They are feeding into daily transport costs and public mobility choices.

"Despite the support provided by the state to professionals, diesel prices remain high. This increase has pushed many citizens to reduce their use of private cars and rely more on public transport, such as trams and taxis, because the cost of commuting has clearly become more expensive," said Halima Bouthemret, a local resident in Rabat.

The government says it has provided support for transport professionals and essential products, but consumers say the pressure on household budgets remains visible.

"These increases directly affect citizens' purchasing power, because higher fuel prices also raise transport and supply chain costs, leading to higher prices for basic goods, agricultural products, and meat," said Othman Kabbaj, another local resident.

Although fossil fuel supplies are needed in the immediate term, authorities say Morocco's forward-looking response is not to return to oil refining, but to accelerate the shift toward cleaner power. The Energy Transition Ministry says new renewable projects are being licensed to expand capacity, attract investment and reduce exposure to imported fossil fuels.

Analysts say the transition is now about more than climate commitments. It is also about protecting the economy from future fuel shocks and reducing dependence on volatile global markets.

"Morocco is seeking to achieve a higher level of energy sovereignty through renewable energy. It has already made significant progress in this direction, with renewables now accounting for between 24 percent and 28 percent of the country's electricity mix. However, a more ambitious target remains for 2030: raising the share of renewables in the electricity mix to more than 52 percent," said Badr Zaher Al Azrak, a senior analyst of Hassan II University of Casablanca.

Fuel price pressure drives renewables urgency in Morocco

Fuel price pressure drives renewables urgency in Morocco

The 32nd Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade Meeting concluded in east China's Suzhou on Saturday, yielding fruitful results and laying significant groundwork for the APEC Economic Leaders' Meeting in November.

The trade ministers' meeting focused on "building an open and predictable regional and multilateral economic and trade order" and "fostering new engines of innovative and dynamic trade and investment cooperation."

Chinese Commerce Minister Wang Wentao briefed the media on the meeting's outcomes at a press conference.

Wang said the meeting issued a joint statement titled the Suzhou Statement, and approved the latest edition of the APEC Roadmap for Innovative, Competitive and Resilient Services.

All parties agreed to advance policy innovation and reform in services trade, build an open and predictable investment environment, improve regional trade facilitation and supply chain resilience, strengthen standards coordination, and enhance intellectual property protection, Wang told the media.

He also said that substantial progress was made on a framework document for regional digital trade cooperation and the ministers emphasized promoting inclusive AI development, strengthening AI-related trade, and bridging the digital divide to ensure shared benefits from digital transformation.

The minister noted that the outcomes of the meeting demonstrated strong cooperation willingness, highlighted an innovation-oriented approach, and reflected inclusiveness and shared benefits. "The fact that Asia-Pacific economies can come together, uphold the original aspiration of promoting trade and investment liberalization and facilitation while supporting economic growth and prosperity, and engage in in-depth discussions on the important issue of 'where multilateral and regional economic and trade cooperation is headed,' fully demonstrates that open regionalism and true multilateralism enjoy broad support, and that mutual success and shared development serve the fundamental interests of all economies," Wang said.

2026 APEC trade ministers' meeting concludes with fruitful results

2026 APEC trade ministers' meeting concludes with fruitful results

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