Ethiopian Energy^Power Business Portal,eepBp

ABSTRACT

The development objective of Renewable Energy Guarantees Program Project is to increase renewable energy generation capacity through private sector participation in Ethiopia. Some of the negative impacts include: (i) soil erosion; (ii) land contamination; (iii) air pollution; (iv) construction noise; (v) water pollution; (vi) habitat loss and disturbance; (vii) disruption of road traffic; (viii) pressure on public services; (ix) community health and safety risks; (x) occupation health and safety risks; and (xi) loss of physical cultural resources.

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(IFC/ Perspective, 2018)

The green bond market has seen explosive growth in the past decade, presenting an unrivaled opportunity in climate finance. Annual issuance has now risen from zero to more than $155 billion globally, with more growth ahead. But in emerging markets, the green bond era is just beginning. Combating climate change is one of the greatest challenges of our time, requiring far more financing than governments alone can provide. Yet there is good news. Climate change is increasingly viewed as a business opportunity, opening many profitable ways for investors to help protect the planet.

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