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.
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Recommendations to bridge the funding gap for climate financing in Ethiopia
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