Ethiopia: Overview of Climate Resilient Green Economy
Ethiopia is one of the countries in Africa dominated by agricultural society and agriculture contributes 38.8 percent to its GDP, more than 80 percent of livelihood and export.
Unfortunately, agriculture is one of the most vulnerable sectors to climate change. Climate change impacts are becoming threat to agricultural productivity and food security as well as low economic development. Moreover, it is aggravating poverty in many countries of the world including Ethiopia.
Currently, Climate Change impacts are mainly manifested in the form of recurrent drought and flood. Drought and flood impact results in decline in GDP, reduction in agricultural output.
To address existing problems, the Ethiopian government has launched Climate Resilient Green Economy (CRGE) strategy in 2011 with the vision to achieve middle-income status by 2025 while developing a green economy. The strategy comprises of three components: Green-economy/mitigation, Adaptation/climate resilience and Funding instrument/facility.