Minister Says Ethiopia Needs Additional, Sustainable Financial Support for Green Economy

Addis Ababa Ethiopia needs additional, predictable and sustainable financial support for the effective implementation of Climate Resilient Green Economy, the Environment, Forest and Climate Change Minister Gemedo Dalle said.

The second annual conference on Climate Resilient Green Economy of Ethiopia kicked off today.

Speaking at the conference, Environment, Forest and Climate Change Minister Gemedo Dalle said high-level commitment and determined objectives are needed from government and the private sector to make concrete progress and achieve the middle-income status by 2025 in a climate resilient green economy.

According to him, inadequate response to the growing economic threat from climate change would represent at least 10 percent of GDP while we may not be equal contributors to climate change.

Ethiopia is an example to the world by facilitating the community and stakeholders in forestry, soil and water conservation activities, and this needs further support.

As climate vulnerable country, Ethiopia needs additional, predictable and sustainable financial support for the effective implementation of CGRE and its development plan under the GTP II, also in line with the sustainable development goals, Gemedo noted.

Norwegian International Climate and Forest Initiative Director, Per Fredrik Pharo, Ethiopia is taking a strong leadership of this agenda and Norway is ready to support it through finance, resource, and also by working with institutes that have the knowledge and capacity to support Ministry of Environment, Forest and Climate Change.

Pharo added that the stage is set now to speed up the development and it is important to work closely with stakeholders so as to achieve the target Ethiopia put.

The conference underway aims to create an effective forum for policymakers, researchers and participants to discuss the challenges and opportunities of realizing the country's climate resilient and green development agenda.

The Ethiopian Climate Resilient Green Economy (CRGE) initiative, which was launched in late 2011, laid the foundation for integrated planning for climate-resilient development.

Source: Ethiopian News Agency

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