Ethiopia is all-set to implement its national program to transform its economy to one which is green and resilient to the effects of global warming.

Costing about $150 billion, the project will be implemented over the next 20 years. Out of this budget, $50 billion will allow to develop green infrastructures. The country will also need $7.5 billion each year for the transformation of its economy.

The funding will be provided by government and Ethiopian people, investors, financial partners and revenues from transactions on the carbon market.

The program aims to speed up economic growth while decreasing greenhouse emission. Ethiopia, due to its vulnerability to drought, is one of the nations most exposed to the effects of global warming.

Well-aware of this challenge, it committed to be carbon-neutral by 2025, and cut its greenhouse gas emissions down 2/3, by 2030.

Gwladys Johnson