Ethiopia- Economy

EU provides €36m to Ethiopia to cut greenhouse gasses

APA-Addis Ababa (Ethiopia)

The European Union on Monday provided €36 million to Ethiopia to help the east African nation strengthen greener economy and reduce greenhouse gas emissions.

"Environmental sustainability and climate action are critical to  achieving Ethiopia’s ambitious growth and development objectives, said  Commissioner for International Cooperation and Development, Neven Mimica, said after announcing the funding on Monday.

The EU’s 36 million Euro contribution will help two key sectors –  forestry and industry – to become more sustainable and mitigate the  consequences of climate change".

The bulk of the EU’s contribution about €33 million will be channelled through the Ethiopian government.

An additional €3 million will enhance the country’s measurement,  reporting and verification systems, making them compliant with Paris  Agreement standards.

Ethiopia's deforestation is responsible for 37 % of the country's total (GHG) emissions.

EU intervention in this sector will support the country in improving forest management and reducing deforestation.

For industry, the focus of EU support will be on boosting energy  efficiency, improving energy management and curbing fossil fuel use in  cement manufacturing, as this sector will account for 18% of the country's Green House Gas emissions by 2030, unless remedial measures  are taken.


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