Addis Ababa October 19/2017 An Ethiopian green growth development project approved by the Green Climate Fund (GCF) was presented today as exemplary to participants of the Global Green Growth Week meeting.
The aim of the project, which combines USD 45 million from GCF and USD 5 from Ethiopia, is to drill boreholes and install small-scale irrigation schemes across the 9 regional states, it was learned.
Ministry of Finance and Economic Cooperation (MoFEC) developed the project proposal with close support of Ministry of Environment, Forest and Climate (MEFCC) and Global Green Growth Institute.
The approved project will enhance access to water and rehabilitate approximately 7900 hectares of degraded land and benefits 330,000 people directly and 990,000 indirectly.
State Minister of Economic Cooperation, Admasu Nebebe said at the Green Growth Week meeting that “this is a huge boost to our efforts. Much remains to be done and ministries and regions should work closely with MoFEC in developing bankable projects and mobilizing resources from climate funds”.
Deputy Director and Country Representative for GGGI, Robert Mukiza applauded GCF’s approval of the project and remarked that “this is a major milestone in our efforts to support Ethiopia to achieve the bold ambitions set out in the Climate Resilient Green Economy Strategy and the Second Growth and Transformation Plan.”
The Country Representative added that “GGGI will deepen its support in developing bankable projects to achieve the green transformation trajectory that Ethiopia is committed to. We thank the government of Ethiopia for the steadfast support provided to GGGI both in-country and globally”.
State Minister of Environment and Climate Change, Kare Chawicha stated that “Ethiopia's contribution to the problem of climate change is negligible. Yet, in 2011, it has taken exemplary decision to build a climate-resilient green middle-income economy by 2025. Such a target requires more than 200 billion USD over a period of 15 years”.
GGGI has been supporting Ethiopia’s green growth efforts since 2010, helping it to develop the Climate Resilient Green Economy Strategy and integrate it into the national Growth and Transformation Plan.