Renewable Energies and Economic Performance: What Interactions Exist in the Moroccan Economy?

Abstract

This study analyzes the interactions between the development of renewable energies and the economic performance of Morocco over the period 2007-2024. Using annual data from various national and international institutional sources, the study employs an econometric approach based on linear regression models to assess the impact of renewable energies on economic growth, inflation, unemployment, energy dependence and CO₂ emissions.
The results show that the development of renewable energies has a significant impact on certain energy and environmental dimensions of the Moroccan economy. In particular, increased renewable energy production contributes to a significant reduction in energy dependence and CO₂ emissions. However, no statistically significant effect was observed on economic growth and inflation during the period studied. Furthermore, the results reveal a positive relationship between renewable energies and unemployment, suggesting that the impact on employment remains limited in the short term.
These results highlight the strategic role of renewable energies in strengthening Morocco's energy security and environmental performance. They also underscore the need to support the energy transition with industrial and training policies capable of maximizing the economic and social benefits of investments made in this sector.