JUser: :_load: Unable to load user with ID: 713

Ethiopia has embraced the concept of Climate Resilient Green Economy as an extensive development strategy and is working towards implementation. The necessity of this strategy is mainly because the Ethiopian economy is based on natural resources and agriculture. It is apparent that the agriculture sector is vulnerable to climate change and therefore the development path based mainly on agriculture needs to be planned in a way that makes it resistant to climate change. The aim of CRGE strategy is to reduce carbon emissions and to speed up economic growth and to resist the effect of climate change.

The SCIP programme is funded by DFID, with contributions from the Norwegian and Danish governments and contains three components: Ethiopia Climate Innovation Center (ECIC) that supports private sector investment; government capacity building support through the sectorial Reduction Mechanism (SRM); and the SCIP fund. SCIP fund is an innovative mechanism for channelling climate finance to projects of strategic relevance to the CRGE, through capacity building.

The worldwide attention to climate change and advances in clean technology offer an opportunity to attract significant investments in clean technology and to build up the capacity of local businesses to participate in these high value sectors. New technologies are essential to reduce the long-term cost of climate change and achieve Green Growth. Developing countries want to build their own capacity to innovate to (i) ensure energy security and increased energy access, (ii) address climate change mitigation and adaptation and (iii) create competitive domestic industries in clean tech for job creation and other benefits.

The Ethiopia Climate Innovation Center (ECIC) was one of SCIP funded projects being considered to support domestic climate technology industries by addressing locally relevant barriers to climate technology transfer, development and deployment by the private sector development.

In addition to incubating promising start-ups, the ECIC would also provide access to finance, access to product testing facilities, market information, policy advocacy and technical assistance. Some promising areas which potentially benefit from the ECIC include Sustainable Agribusiness, Bio-fuels & Bio-mass, and Transportation Technologies, Hydropower (micro), Energy Efficiency and other clean technologies.

Three ECIC client companies presented their work and the relationship they have with ECIC in terms of funding and business counselling. Those companies are Alphasol Modular Energy Plc. engaged in Miscanthus/ Elephant Grass Harvesting and Pellet Production in Gambella, Ethiopia, Gogle Energy Saving Stove involved in producing beehive charcoal briquette form biomass materials and efficient and flexible fuel cook stove and the third one was Sheger Integrated Aquaculture Farm engaged in pond aquaculture farming, fish based natural fertilizer, duck farming, year round fish, vegetables, fruits, milk, duck meat and eggs for distributer and other SME’s in the supply chain.

The Lesson Learning Share Fare Event by Strategic Climate Institution Programme (SCIP), was very interesting and important event that gave the opportunity to share activities, achievement and experience between the SCIP funded projects as well as to the public at large. ECIC had an opportunity to share contributions of the organization towards CRGE achieving goals and to create awareness about its operators.