The government of Ethiopia considers climate change as one of its priorities in responding to the country’s long-term development needs.
The nation’s widely acclaimed Climate Resilient Green Economy strategy has called for annual spending of $7.5 billion.
With federal budgetary resources for climate change relevant actions estimated to be in the order of $440 million per year, and international sources adding an uncertain amount that may be in the tens of million dollars per year, there appears to be a major financing gap.
Therefore, if the CRGE strategy is to be delivered, much more effort needs to be exerted to mobilise additional resources both domestically and externally.
Recommendations to bridge the funding gap for climate financing in EthiopiaDownload file