Ethiopia: P4g Is Key to Promoting Green Legacy Initiative, Ensuring Equitable Benefit-Sharing Arrangements for Local Populations
The Partnership for Green Growth and the Global Goals 2030 (P4G) is a public-private partnership effort designed to accelerate the achievement of the Sustainable Development Goals (SDGs) and promote green growth. P4G addresses urgent global issues such as climate change, environmental degradation, and poverty through innovative solutions and collaborative efforts.
Accelerating sustainable development is critical because it stresses innovative collaborations that propel progress toward the SDGs, particularly in sectors like climate action, renewable energy, sustainable agriculture, and water management.
Additionally, P4G has emphasized the value of cooperation between the public and commercial sectors since its start. In order to address urgent global issues more successfully than separate initiatives, P4G aims to develop significant projects by combining resources, knowledge, and technology from both industries.
Innovation and investment are critical components of the P4G project. P4G promotes creative approaches to sustainable development, including the development of new business models and technology. It also intends to raise funds for green initiatives, which are critical for the transition to a sustainable economy, by attracting money from private investors, development banks, and international organizations.
More importantly, the initiative is continually working to combat climate change. Climate change is one of the most important issues of our day. P4G is critical in promoting measures that cut greenhouse gas emissions, strengthen resilience to climate effects, and facilitate the transition to a low-carbon economy.
Furthermore, P4G serves as a forum for knowledge sharing and networking among stakeholders from diverse industries and areas. The exchange of best practices, experiences, and lessons gained improves the success of sustainability programs around the world. P4G also emphasizes the significance of inclusive growth that benefits all members of society. P4G seeks to ensure that excluded communities benefit from green growth and sustainable development by stressing equality in its relationships.
P4G values transparency and responsibility in its partnerships. It sets explicit goals and performance indicators that ensure that promises to sustainable development are met and that progress is measurable over time. Furthermore, P4G encourages synergies with other projects, which complement global frameworks and sustainability efforts such as the Paris Climate Agreement and numerous regional initiatives. This alignment encourages a coordinated approach to addressing global concerns.
Bearing these realities in mind, South Korea held the 2023 P4G Summit. This summit brought together leaders from government, business, and civil society to explore and develop collaborations targeted at driving green growth and meeting the Sustainable Development Goals (SDGs).
The summit centered on climate action, emphasizing the importance of joint steps to address climate change. The discussions focused on measures for reducing greenhouse gas emissions and increasing resilience to climate impacts. It also fostered the development of creative partnerships. Leaders highlighted successful relationships that led to significant initiatives in renewable energy, sustainable agriculture, and water management. The conference hoped to encourage similar cooperation across the globe.
The conference’s focus was climate action, highlighting how crucial it is to take coordinated action to combat climate change. Measures to lower greenhouse gas emissions and boost resistance to the effects of climate change were the main topics of debate. Additionally, it encouraged the formation of innovative collaborations. Leaders emphasized fruitful collaborations that resulted in noteworthy projects in water management, sustainable agriculture, and renewable energy. The goal of the conference was to promote similar collaboration worldwide.
Global challenges require global collaboration. The conference thus emphasized the significance of global collaboration in tackling common issues. Global leaders exchanged best practices and talked about how to improve international collaborations.
Consequently, summit attendees made many commitments to strengthen their efforts toward green growth, including pledges for renewable energy, sustainable infrastructure, and conservation activities. Thus, the Fourth P4G Summit attempted to galvanize action and instill urgency about the importance of sustainable development. The summit aimed to build a road map for collaborative activities that might lead to significant progress toward the SDGs by bringing together diverse stakeholders.
This year’s 4th Partnership for Green Growth and the Global Goals 2030 (P4G) Summit, entitled “Sustainable and People-centered Green Transition,” was officially held in Hanoi, Vietnam, this week.
Accordingly, the summit has brought together over 1,000 representatives from over 40 countries and international organizations, including Ethiopian Prime Minister Abiy Ahmed, Lao Prime Minister Sonexay Siphandone, Cambodian Deputy Prime Minister Neth Savoeun, and UN Deputy Secretary-General Amina J. Mohammed. The first multilateral high-level conference on green growth, green transition, and sustainable development was hosted by Vietnam.
Vietnam’s Prime Minister Pham Minh Chinh said that since its inception in Copenhagen in 2018, the P4G Summit has demonstrated the far-reaching impact of a global forum for promoting public-private partnerships, connecting governments, businesses, and social organizations to collaboratively devise breakthrough solutions for green growth, thereby contributing to the implementation of the United Nations Sustainable Development Goals by 2030.
He stated that as the world faces unprecedented challenges such as natural disasters, climate change, pandemics, environmental pollution, resource depletion, and an aging population, green transition and sustainable development are unavoidable trends, top priorities, and strategic choices for nations and people everywhere.
The 4th P4G Summit reflects a shared desire for a bright, green, clean, and beautiful world, the PM said, emphasizing that the human factor is central, the subject, the goal, the driving force, and the resource for the greening process and sustainable development in the world, he added.
Ethiopia also expresses its views on the P4G summits, stating the expected outcomes of the meetings. Specifically, Ethiopian Prime Minister Abiy Ahmed (PhD) discusses important climate action targets at the P4G Viet Nam Summit 2025. He stressed three crucial action items critical to advancing climate action.
Accordingly, “First, we must prioritize climate financing by ensuring appropriate, reliable, and sustainable resources. Second, we must increase Africa’s contribution to global energy investment from 2 percent to 20 percent by 2030 to support sustainable development and protect the continent’s important ecosystems. Third, urgent actions are required to conserve the environment by battling biodiversity loss and land degradation. This involves supporting grassroots projects like the Green Legacy Initiative and providing fair and equitable benefit-sharing arrangements for local communities.”
In general, the summit provided an important platform for conversation and action, emphasizing the necessity of collaboration in solving global concerns such as sustainability and climate change. The summit’s findings are intended to affect future policies and activities targeted at promoting green growth.
Therefore, it is critical to concentrate on the Ethiopian perspective, which promotes grassroots projects such as the Green Legacy Initiative and ensures fair and equitable benefit-sharing arrangements for local populations. Such a project is critical for driving radical change in how we approach sustainable development.
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