Experts Spotlight Key Financial Tools to Drive Ethiopia’s Green Economy Vision

Ethiopia is accelerating its Climate Resilient Green Economy (CRGE) strategy, aiming for middle-income status by 2025 with negligible emissions. At a recent forum, experts selected thematic bonds, national green funds, and impact bonds as most significant financial instruments that need to be deployed to fund green growth. These financial instruments are deemed necessary for funding projects in agriculture, forestry, renewable energy, and green transport—pillars of Ethiopia's green growth strategy.

The government strategy is also to develop agricultural and animal husbandry practice, develop clean energy, and reafforest with the objectives of enhancing food security, farmers' income, and carbon stocks. Institutional coordination with multiple ministries and development organizations is already under way for planning to action in the process of achieving the stated goals. Facilitated by prudent financial frameworks and sectoral investments, Ethiopia has become an up-and-coming leader in green growth for Africa.

 

Source: AllAfrica, Ethiopia CRGE Strategy