Ethiopia Launches Climate Resilient Green Economy

Ethiopia launched a green economic growth strategy estimated at 150 billion US dollars over 20 years. The program aims to develop Ethiopia into a middle income economy by 2025 without an increase in greenhouse gas emissions.

The strategy is the first of its kind to be implemented in Africa but could be duplicated in other countries said Dr. Ababa Haile-Gabriel, Director of the African Union, Rural Economy and Agriculture Department.

Ethiopia is set on an economic growth path that takes into account the reality of climate change according to Dr. Tewolde Gebere Egziabher Director General of the Ethiopian Protection Authority.      

The green growth strategy was prepared by the collaboration of the EPA and the Finance, Agriculture and Industry ministries. The plan aims to improve crop and livestock production, forest management and effective forestation as well as expanding electric power generation and developing efficient and modern transport technologies.  

The preparation and implementation of the green growth program is primarily supported by South Korea according to Neway Gebreab Chief Economic Advisor to the Prime Minister.  

The program was praised and promised support by representatives from the UN agencies, USAID and EU.

In related news Ethiopia’s strategy towards green growth was recognized by the Committee of African Heads of State and Government on Climate Change. The CAHOSCC met in Addis Ababa on Wednesday to update the African postion for the Durban Summit.

Source: Afrique en linge

Exchange Rates

USD 38.6303  37.8728 
EUR 45.8773  44.9777 
GBP 48.9924  48.0318 
CAD 26.7486  26.2241 
AED 9.5169  9.3303 
CHF 40.5316  39.7369