Document Type:Sector/Thematic Document
Government Entity:Ethiopia Ministry of Finance and Economic Cooperation (MoFEC)
Organisation:Ethiopia Ministry of Finance and Economic Cooperation (MoFEC)
The Government of Ethiopia has committed to deepening and enhancing rapid growth and structural transformation to achieve a lower middle income status by 2025 with net-zero greenhouse gas (GHG) emission growth trajectory, while simultaneously building the resilience of the economy to climate shocks. Substantial public investments are being made to support Climate Resilient Green Economy (CRGE) implementations, and CRGE-related investments are being delivered through community mobilization and non-state actors. Legal and institutional reforms have also been made to create an enabling environment to proactively engage private sector and community in CRGE investment. The CRGE strategy indicates investmentneeds of about USD 7.5 billion per year to make the economy climate smart and to ensure the sustainability of economic growth between 2010 and 2030.
Climate Finance Tracking and Projection Approach and Methodology in Ethiopia addresses the need to have a full account of baseline climate financing in order to help to estimate the gap between demand and supply for climate finance. The main objectives of this report are to develop a climate finance tracking and projection methodology to enable Ethiopia to undertake a comprehensive assessment of baseline climate finance invested from between 2011 and 2015, project climate finance flows and climate related investment, and design appropriate CRGE financing strategy for Ethiopia. The methodology consists of analytical frameworks as well as instruments and protocols for data gathering and analysis and assessment of financing and investment options.