Scoping private sector opportunities in Ethiopia: How to stimulate both economic development and REDD+ implementation?

Ethiopia is one of the fastest growing economies in Africa. Agriculture (subsistence and commercial) employs 80% of the population, contributes to 50% of the gross domestic

product and provides 60% of export revenues, highlighting the importance of the sector for Ethiopia’s economy. At the same time the country is experiencing ongoing

deforestation, with agriculture being the principal driver of deforestation in Ethiopia. There are 2 national strategies - the climate-resilience green economy (CRGE) and the

second growth transformation plan (GTP2) - to shift the country to a more sustainable development paradigm while growing to middle-income status by 2025. Ethiopia has ample indigenous bamboo resources: the largest area of bamboo in Africa with 1 million hectares with a potential of 3 million hectares. Based on desk research and

interviews, this report concludes that investments in bamboo carry the highest potential to restore, protect or recover forests as Ethiopia committed in 2014 to restore 15 million

hectares by 2030. In doing so, there may be possibilities to harness the potential of both international development finance institutions as well as domestic finance institutions, given that

Ethiopia is at the moment an underbanked country with little domestic or international funding flowing to forest-friendly projects that contribute to REDD+.

File name: report ethiopia final version (379039).pdf
File Location: REDD+ resources, papers and publications / UN-REDD Programme: resources, papers and publications / Scoping private sector opportunities in Ethiopia: How to stimulate both economic development and REDD+ implementation?
File Size: 1.07 Megabytes
File Type: pdf
Publish Date: Wednesday, 06 February 2019
Upload Date: Wednesday, 06 February 2019
Author: YAPO, Thomas
Owner: Alice Van der Elstraeten
Downloads: 45 Downloads