President Sahle-Work Zewde met with Mette Frederiksen, Prime Minister of Denmark, on the sidelines of the 74th session of the United Nations General Assembly (UNGA).
The two sides discussed bilateral cooperation between the two countries, particularly in energy and climate change.
The successful end of the day-long global meeting on Energy Transition hosted by Ethiopia and Denmark yesterday was mentioned as a testimony for the successful cooperation existed between the two countries.
In her closing remark at the meeting held prior to the New York climate action summit, the President emphasized the critical role of climate funding to transform national markets and accelerate investment for an effective energy transition.
Citing Ethiopia’s effort to the effective implementation of various programs to achieve sufficient, affordable, modern and renewable energy, President Sahle-Work stated the plan of the country to raise urban and rural electricity access from the current forty-four percent to a hundred percent by 2025, FBC reported.
“The total cost of the program is around $6.5 billion, about a billion-dollar a year. So far we have only been able to secure a very small portion of what is needed for one year. Nevertheless, the program has started well and the World Bank has been replicating our least-cost energy transition approach in other developing countries.”