Africa: New Climate Innovation Center Launched to Jumpstart Clean-Tech and Climate-Smart Agriculture Ventures in Ethiopia
Addis Ababaethiopia, — World Bank-supported business hub, the Ethiopia Climate Innovation Center (ECIC), was launched today in Addis Ababa to support pioneering clean technology enterprises that address climate change while creating jobs and improving livelihoods. First of its kind in the country, the center will help over 3.1 million Ethiopians increase resilience to climate change and is expected to create more than 12,000 jobs in the next ten years.
Ethiopia’s agriculture, which is highly sensitive to fluctuations in rainfall, represents the basis of the national economy. It accounts for approximately 46% of the GDP and 80% of the jobs of the working population. According to the World Bank report ‘Economics of Adaptation to Climate Change,’ without a proper green growth strategy, the total climate adaptation costs for Ethiopia could range from US$1.22 billion to $5.84 billion per year.
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