Contribution to the "Climate Resilient Green Economy (CRGE) Facility"
The Government of Ethiopia has decided to setup a national financial mechanism called the Climate Resilient Green Economy CRGE Facility, to support the implementation of the priorities set out in the CRGE Strategy. The Facility will be based in and overseen by MOFED. Austria’s contribution will:
• assist in enabling the Government of Ethiopia to directly access international climate funds such as the Green Fund
• support and incentivise a programmatic approach to climate change activities, minimizing the transaction costs and duplication
• complement other existing forms of investment to bolster Ethiopia’s core climate-compatible development activities (in areas such as food security, energy, infrastructure development and natural resources management)
• facilitate the integrated management of climate change with related agendas such as disaster risk management.
Austria’s contribution is earmarked for the “responsive window” of the CRGE Facility, which is open to proposals on a demand-driven basis from a range of stakeholders. It will be primarily accessed by Government institutions at federal, regional, local level and by communities. Academic institutions, civil society and private sector organizations will work in partnership with government institutions at federal, regional and local levels and communities. In particular, priority is given to the dry land forest management (e. g. Somali Regional National State).
By supporting green economy projects (especially Participatory Forest Management and Conservation approaches, which support strengthened local user rights and sustainable forest management; Focus on local people’s rights, develop a dedicated forestry institution, and better coordinate land-use planning) the income situation of the people in the project areas will be improved and the sustainability of their economic activities will be influenced positively. As a result their nutrition and health situation will improve.