The 2008-9 cuts in fossil fuel subsidies, and the support for renewable energy, form a strong foundation for this (although subsidy removal was introduced primarily for financial reasons, and the savings being realised in the treasury have not been directed to renewable energy development or energy efficiency).. Ethiopia has also joined the Friends of the Fossil Fuel Subsidy Reform movement that comprise a number of non-G20 countries, enabling Ethiopia to gather momentum for putting pressure on the G20 Countries to adopt similar measures. Green policy instruments, such as payments for ecosystem services, feed-in tariffs for renewables, and taxing unsustainable use of natural resources are promising, but are not yet in place to send the right policy signals to public and private sectors alike. Finally, the CRGE’s principal assumption is that international climate finance will offer an incentive that is greater than prevailing incentives for ‘brown’ practice, yet international prices for carbon have been disappointing, and there is a strong risk that they remain too low, too expensive to access, and too volatile to provide a sure and single driver for green growth in Ethiopia.