A key theme for climate-informed investments in crucial sectors like construction, energy, water, transportation, and agriculture was discussed last week, at the Hyatt Regency. It brought together stakeholders from the Ethiopian Association for Civil Engineers (EACE) and the United Nations Office for Project Services (UNOPS) to address an issue centred on building a climate-resilient infrastructure. The discussions revolved around how Ethiopia can adapt to and recover from climate-induced disruptions. Seid Nuru, advisor to the Ethiopian Construction Works Corporation, said the previously overlooked economic impact of climate change, including frequent droughts and reduced rainfall, poses a threat to development. Private sector involvement in building and financing low-carbon infrastructure projects that can withstand climate challenges were raised while promoting renewable energy sources. A recent World Bank report estimates that climate change could reduce Ethiopia's GDP by 1-1.5pc annually. The report also suggests that Ethiopia requires over 27 billion dollars by 2050 to meet its climate resilience goals. Anne-Claire Howard, procurement group director at UNOPS, toughed on green procurement policies that promote the efficient use of energy, materials, and natural resources, focusing on recyclable materials.
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