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Ethiopia

In recent decades, Ethiopia has seen a decline in its forest cover, from 15 million ha in 1990 to 12.2 million ha in 2010. The country’s two most prominent drivers of deforestation and forest degradation are conversion of forests to agricultural land and unsustainable fuelwood consumption. These drivers have been enabled by deficiencies in Ethiopia’s regulatory and institutional environment. A lack of regulation combined with the absence of a strong, dedicated forestry institution have failed to adequately protect the country’s forests.

FCPF 2024 Annual Report

The 2024 FCPF annual report spotlights a banner year for total FCPF emission reductions payments, which more than tripled from $53.2 million in 2023 to $164.5 million in 2024.