While the most affluent nations of the world stumble and falter, countries like Ethiopia are taking the lead against global warming. And as planet Earth warms unprecedentedly, the call for following the footsteps of Ethiopia has become more essential.
In recent years, Ethiopia has positioned itself as a champion of green initiatives spearheading the effort and the fight against climate change. From planting millions of saplings to becoming the voice in green diplomacy, the country is a frontrunner in carbon emission activities.
Setting an example for the globe in terms of striking a balance between economic growths with decarbonization, the country is making remarkable strides in building a green economy.
With its ambitious green initiative, the country is making the utmost effort to build a green economy in all sectors, while keeping greenhouse gas emissions low. This dual approach to economic development and environmental protection underscores Ethiopia’s commitment to addressing the global climate crisis.
At the heart of the country’s green economy initiative lies the utilization of renewable energy. The nation is endowed with abundant natural resources, including hydro, solar, wind, and geothermal energy. Major projects, such as the Grand Ethiopian Renaissance Dam (GERD), showcase the country’s focus on clean energy production. The green project significantly reduces reliance on fossil fuels and contributes to regional energy security through exports to neighboring countries.
In addition to energy, Ethiopia is prioritizing reforestation and afforestation efforts. The Green Legacy Initiative, launched in 2019 by Prime Minister Abiy Ahmed has led to the plantation of billions of trees to combat deforestation, mitigate climate change, and restore degraded landscapes.
Transportation is another critical area where Ethiopia is advancing its green agenda. With its recent measures, the country is trying to promote the use of electric vehicles (EVs) and expanding public transportation systems, the country is trying to address urban air pollution and reduce emissions. Policies that incentivize EV adoption and develop necessary infrastructure are gradually transforming Ethiopia’s cities into cleaner and more sustainable urban spaces.
The country has unveiled a 10-year strategy to double the number of Electric Vehicles (EVs) on its roads, aiming to increase the current count of approximately 70,000 to 152,000 by 2030. This effort is part of a broader push to replace fuel-powered cars and establish a greener and sustainable transportation system.
To support the growth of the EV sector, the government, along with private investors, is working to provide infrastructure, incentives like excise tax and VAT subsidies, and awareness programs. Additionally, efforts are being made to facilitate the tax-free import of charging machines, land access, and licensing.
The journey toward a green economy is not without challenges. Limited financial resources, technological gaps, and the need for robust infrastructure remain significant barriers. Moreover, the impacts of climate change, including droughts and erratic rainfall, pose additional hurdles to sustainable development.
Given Ethiopia’s dedication to green growth, the international community has a crucial role to play in supporting this vision. Financial assistance, technology transfer, and capacity-building initiatives can help Ethiopia overcome existing obstacles and accelerate its transition to sustainability. Climate finance mechanisms, such as the Green Climate Fund, should prioritize countries like Ethiopia that demonstrate strong commitments to climate action.
Partnerships with global stakeholders can facilitate knowledge sharing and innovation, enabling the country to develop localized solutions for its green economy goals. The recent engagement of United Arab Emirate companies is a case in point. And, supporting Ethiopia’s efforts is not only a moral imperative but also a strategic move toward achieving global climate targets.
THE ETHIOPIAN HERALD FRIDAY 27 DECEMBER 2024
