Addis ababa: The Grand Ethiopian Renaissance Dam (GERD) has been identified as a significant catalyst for Ethiopia's economic development, according to American-based economics professors. They highlight GERD as an exemplary demonstration of the country's effective domestic policy.
According to Ethiopian News Agency, Gettysburg College Economics Professor Linus Nyiwul emphasized the dam as a prime example of successful domestic policy. He noted its crucial role in infrastructure development, underscoring that the dam's capacity to provide high-level electricity will significantly benefit Ethiopia and spur economic growth. Professor Nyiwul elaborated that this growth could support other developmental areas, including climate change policy. He stated, 'Infrastructure is going to be extremely important going forward, not just for improving people's lives but also preparing for potential negative effects of climate change.'
The Grand Ethiopian Renaissance Dam symbolizes national self-reliance and unity through committed domestic resource mobilization. Professor Nyiwul also pointed out that resource mobilization should not solely rely on the government, suggesting that the private sector could contribute significantly.
Similarly, University of California, Berkeley Professor Edward Miguel highlighted the dam's critical role in industrial development and improving the quality of life. He noted the dam as a key investment essential for future economic growth, commending Ethiopia's readiness to undertake such substantial investments. Professor Miguel also spoke on Ethiopia's commitment to renewable and clean energy, emphasizing hydropower's importance alongside solar and wind energy in the country's energy policy. 'I think the world has reached a new phase, and renewable energy has to be in the center of energy policy now,' he remarked.
He praised Ethiopia's impressive economic transformation, driven by comprehensive reforms in major sectors. Ethiopia's rapid economic changes align with its green goals, as the country generates more than 95 percent of its electricity from renewable sources like hydropower, wind, solar, and geothermal.