Why Climate Finance Matters
Ethiopia is responsible for only 0.3% of global CO2 emissions, driven primarily by livestock in its agriculture economy. However, Ethiopia is highly vulnerable to impacts of climate change such as drought and flooding, which threaten to drive food and water insecurity, force internal migration, and destroy livelihoods without significant and immediate adaptation measures.
Climate finance plays an important role in protecting Ethiopia’s vulnerable communities, reducing poverty, and improving local economies. Investments made into adaptation measures are more sustainable than responding to extreme weather events, and investments into green technologies benefit the health of people and businesses by increasing job creation while reducing exposure to harmful environmental threats.