CIF approves $37 million to support Ethiopia’s initiatives to combat climate change

Addis Ababa, December 5, 2024 (FMC) – The Climate Investment Funds (CIF) board has approved a $37 million investment plan to support Ethiopia’s climate actions and safeguard its carbon-rich forests.

With CIF backing, Ethiopia is poised to restore vital ecosystems, empower rural communities, and mitigate climate challenges. The investment is a critical step toward ensuring sustainable development and resilience for Ethiopia, it was stated.

Ethiopia, under the leadership of Prime Minister Abiy Ahmed (PhD), has been executing the Green Legacy Initiative, which focuses on utilizing natural solutions to address the adverse effects of climate change affecting the globe.

According to the Ethiopian Forest Development (EFD), the Council of Ministers has reviewed a draft proclamation to establish a Green Legacy Special Fund aimed at restoring deforested lands and submitted it to the House of People’s Representatives for approval.