Map of Ethiopia Ethiopia

Total REDD+ Finance Committed:

$39,835,170

Total REDD+ Finance Disbursed:

$13,089,833

Ethiopia is a country with high annual deforestation rate of around 0.93%. Recent estimates indicate that Ethiopia’s high-forest has declined from nearly 40% of land cover a century ago, to approximately 3.6%. To address this, Ethiopia has committed to developing REDD+. The government submitted a REDD+ Program Idea Note (R-PIN) in 2008 and a final REDD+ Preparation Proposal (R-PP) and Climate Resilient Green Economy (CRGE) strategy in 2011 to spearhead national efforts to reach carbon neutrality by 2025. A national REDD+ strategy is expected to be finalized during REDD+ Readiness implementation. In 2014, the subnational Ethiopian regional state of Oromia entered into an agreement with the BioCarbon Fund Initiative for Sustainable Forest Landscapes (ISFL) to undertake a multi-year, jurisdiction-wide REDD+ emissions reduction program. The ISFL is managed by the World Bank, and its work in Oromia is funded by Norway, the United Kingdom, and the United States.

Overview: REDD+ finance flowing to Ethiopia

Ethiopia’s REDD+ financing landscape is set out below:

Flows of REDD+ finance between donors and first recipients, 2009-2014

 

Cumulative commitments and disbursements, 2009-2014