[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108264-en":3,"doc-seo-108264-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108264,8796095360427,"Lucas Martin","https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d",8,"Research & Report","Morocco - Country Climate and Development Report (CCDR) Background Note - Benchmarking Financial Sector Policies","The note reviews how climate change is affecting Morocco’s financial system and why climate risk management and green finance policy are urgent. It describes exposure to physical risks from droughts and flooding and rising transition risks tied to decarbonization ambition and international regulatory pressures. It explains how stronger governance, risk identification, supervision, and climate-related disclosure can mobilize private capital toward green growth and discourage polluting industries through policy and market instruments.","Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized  \nMIDDLE EAST AND  \nNORTH AFRICA  \nBenchmarking Financial  \nSector Policies for Climate Risk Management and Green Finance  \nWorld Bank Group  \nContents  \n1. Introduction ...........................................................................................................................................................................3  \n2. Climate risk management...................................................................................................................................................4  \n2.1 Governance, strategy, and capacity building for climate risk management ......................................................... 4  \n2.2 Risk identification, assessment, and monitoring.................................................................................................... 6  \n2.3 Supervisory framework ............................................................................................................................................. 8  \n3. Green Finance .................................................................................................................................................................... 11  \n3.1 Governance, strategy, and capacity building......................................................................................................... 11  \n3.2 Disclosure and reporting ........................................................................................................................................ 13  \n3.3 Green finance instruments ..................................................................................................................................... 14  \n3.4 Greening public FIs ................................................................................................................................................. 17  \n3.5 Greening CB operations.......................................................................................................................................... 19  \n4. Concluding remarks .......................................................................................................................................................... 21  \n2  \nConfidential  \nIntroduction  \nA growing number of central banks and regulators, including the Central Bank of Morocco, Bank Al-Maghrib (BAM) and Moroccan Capital Markets Authority (AMMC), have issued warnings on the systemic impacts of climate change on the financial system and economy. Preliminary analysis suggests that the Moroccan banking sector is already exposed to notable climate physical risks, primarily through transmission channels related to droughts and flooding. At the same time, Moroccan banks could be increasingly exposed to climate transition risks, given Morocco’s growing ambition to decarbonize the economy, as well as international pressures such as changes in investment preferences and regulations such as carbon border adjustments. These climate impacts, combined with other risks such asthe covid-19 pandemic and biodiversity loss, could lead to system-wide risks of failures within Morocco’s financial system.  \nThe financial sector could play a key enabling role in mobilizing private capital toward climate objectives. Morocco’s financial sector is large, with financial sector assets standing at 139 percent of GDP at the end of 2019. Given its systemic role, the financial sector could be key in enabling the real economy’s transformation toward green growth. Many countries are looking for innovative ways to green their financial markets, for example, by developing green finance instruments such as green bonds and green loans. On the other hand, since perception of risks is a key determinant of financial behavior, enhancing awareness and management of climate risks could play an equally important role in driving capital away from poll","cbCaicNAwrlQyxL2","https://ap.wps.com/l/cbCaicNAwrlQyxL2","pdf",663593,4,1,20,"English","en",105,"# Introduction\n## Climate risks to Morocco’s financial system\n## Role of financial sector in green growth\n# Climate risk management\n## Governance, strategy, and capacity building\n## Risk identification, assessment, and monitoring\n## Supervisory framework\n# Green Finance\n## Governance, strategy, and capacity building\n## Disclosure and reporting\n## Green finance instruments\n## Greening public financial institutions\n## Greening central bank operations\n# Concluding remarks","[{\"question\":\"What climate risks are most relevant to Morocco’s financial sector?\",\"answer\":\"Morocco’s financial sector faces physical risks such as droughts and flooding, and transition risks driven by decarbonization efforts and international pressures like carbon border adjustments.\"},{\"question\":\"How can green finance support Morocco’s climate objectives?\",\"answer\":\"The note argues that the financial sector can mobilize private capital toward climate objectives by developing and using green finance instruments such as green bonds and green loans.\"},{\"question\":\"Which policy areas are targeted for climate risk management?\",\"answer\":\"The document focuses on governance and capacity building, methods for risk identification and monitoring, and supervisory arrangements that improve effective management of climate-related financial 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