The Government of Ethiopia (GoE) recognizes that environmental sustainability and inclusive growth are critical for Ethiopia to reach middle-income status by 2025 and achieve poverty reduction goals outlines in the country’s Growth and Transformation Plan (GTP). In support of these goals, the GoE launched the Climate Resilient Green Economy (CRGE) initiative, which aims to grow a climate resilient middle-income country by 2025 with no net increase on greenhouse gas emissions. Launched in 2010, the CRGE vision is supported by a planning process - the Sectoral Reduction Mechanism - and financial mechanism – the CRGE Facility - to deliver climate resilient green growth across the economy. GGGI is partnering with the GoE to develop and implement the CRGE by:
The overall objectives of this project are to support the development of an effective, government-owned CRGE system that leads to the development of a strategic program of bankable investments, continued capitalization of the CRGE Facility to fund those investments, and effective and strategic monitoring and evaluation framework, facilitate key systemic transformations in the economy towards a climate resilient green economy and generate innovative ideas for CRGE.