Norway to Assume the Mantle of Chairing the CRGE Facility Advisory Board from the UK

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The Royal Norwegian Embassy in Addis Ababa has agreed to assume the mantle of chairing the Climate Resilient Green Economy (CRGE) Facility Advisory Board from the Department of Foreign and International Development (UK) during a session on 24th August 2017 in Addis Ababa. Norway is currently the biggest donor to the CRGE Facility and has recently committed NOK 600 for transforming the forestry sector of Ethiopia with the aim to contribute to the CRGE Strategy.

The CRGE Facility Advisory Board is chaired by a development partner and includes representatives of multilateral organizations, international non-governmental organizations and others. The CRGE Facility Advisory Board reviews investment plans and provides suggestions to the CRGE Technical and Management Committees.

Ethiopia’s CRGE Initiative, including the Green Economy Strategy, was launched by the late Prime Minister, H.E. Mr. Meles Zenawi, during the 17th Session of the Conference of the Parties of the United Nations Framework Convention on Climate Change (UNFCCC) in Durban, South Africa in 2011. The CRGE Initiative outlines the vision, strategy, financing and institutional arrangements Ethiopia will need to pursue to realize the triple goals of economic growth, net-zero emission and building resilience.

To realize the priorities outlined in the CRGE Strategy and Investment Plans, the Government of Ethiopia established a national financial mechanism called the CRGE Facility, hosted by the Ministry of Finance and Economic Cooperation. The CRGE Facility serves as the main financial vehicle to mobilize, access and combine domestic and international, public and private sources of finance to support the institutional building and implementation of the CRGE Strategy.