Ethiopia launches 150 billion USD green growth strategy
Addis Ababa, November 19 (WIC) - Ethiopia on Friday launched a green economic growth strategy whose implementation requires 150 billion US dollars over 20 years.
Dubbed Climate Resilient Green Economy (CRGE), the initiative sets out the dual objective of lifting Ethiopia to middle income economy by 2025 while keeping greenhouse gas emissions constant.
The CRGE makes Ethiopia the first African country with such implementation strategy.
“The problem we have in Africa is of implementation. But the CRGE could be replicated in other African countries to resolve this,” Dr. Ababa Haile-Gabriel, Director of AU’s Rural Economy and Agriculture Department, told PANA after the launch.
Ethiopia was praised for pioneering green growth in Africa and its Prime Minister considered a champion of climate change discussions in the continent heads the Committee of African Heads of State and Government on Climate Change (CAHOSCC).
A single representative of Africa on climate change negotiations, CAHOSCC Wednesday met in Addis Ababa and updated the continental position for the Durban summit by the end of this month.
“Ethiopia, like any other nation, has to take measures to adapt to the inevitable reality of climate change. But we are going much further than that: we are demonstrating we can deliver an ambitious economic growth agenda, yet do so in a green way,” said Dr. Tewolde G. Egziabher, Director General of the Ethiopian Environmental Protection Authority (EPA).
The plan was prepared jointly by the EPA and Agriculture, Finance and Industry ministries, among others. Its pillars are improving crop and livestock production, effective reforestation and forest management, expanding electricity generation and leapfrogging to modern and energy-efficient transport technologies.
Representatives of EU, UN agencies, USAID present at the launch praised the plan and promised support.
But South Korea stood out as the major supporter both in the preparation and implementation of the 150 billion US dollars plan, according to Neway Gebreab, Chief Economic Advisor to the Prime Minister. (Pana)
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