Innovation Hub for Partnerships
Ethiopia’s National Platform, housed within the Environment, Forest & Climate Change Commission, aims to achieve Ethiopia’s Climate Resilience and Green Economy (CRGE) Strategy goals. Launched in 2017, the National Platform’s priority areas are agriculture and renewable energy, and it hosts several groundbreaking P4G projects focused on those sectors as well as the circular economy. Ethiopia has integrated the CRGE sustainability goals into its Second Growth and Transformation Plan, which will help Ethiopia reach middle-income status by 2025. Source: https://p4gpartnerships.org/content/what-we-do
This study indicates there are major challenges for Ethiopia to finance its response to climate change. The national Climate Resilient Green Economy strategy has called for annual spending of USD 7.5 billion to respond to climate change. With national budgetary resources for climate change-relevant actions estimated to be in the order of USD 440 million per year, and international sources adding several tens of USD million per year, there appears to be a major financing gap. Therefore, if the strategy is to be delivered, much more needs to be done to mobilize additional resources both domestically and externally.