Ministry Leads New Climate Reporting System


Ministry Leads New Climate Reporting System

The Ministry of Planning & Development launched an integrated system for measuring, reporting, and verifying greenhouse gas emissions, as well as monitoring and evaluating climate change implementation. The integrated and harmonized national measurement, reporting, and verification (MRV) and monitoring and evaluation (M&E) system, was announced at a program held at the Radisson Blu Hotel on Tito St. last week. State Minister Seyoum Mekonnen clarified that the Ministry is solely responsible for climate and related issues, eliminating the need for agreements or memorandums of understanding with other governmental institutions, and will lead the work moving forward. He also noted that Ethiopia has been implementing various environmental and climate change policies and has prepared performance reports for development planning, monitoring, and evaluation, as well as reporting to the United Nations Framework Convention on Climate Change (UNFCCC). Previously, the existing MRV system had inconsistencies and data gaps. A key goal for the Ministry is establishing an integrated MRV/M&E system this year, which includes developing a single plan and reporting system. This system is designed to produce a biennial transparency report on greenhouse gas emissions and climate change implementation. Preliminary work for this report has been completed, according to the Ministry. A national committee, consisting of experts from seven relevant ministries and three other institutions, has been formed to support the project. The project is technically supported by the Global Green Growth Institute (GGGI), with financial backing from the Nationally Determined Contributions Partnership (NDCP) and the United Nations Office for Project Services (UNOPS), and is led by the Ministry.

[ssba-buttons]

Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...