User:Macholi/sandbox/Climate Finance in Uganda

Climate Finance in Uganda includes a mixture of domestic and internationally-sourced funding for climate change adaptation, mitigation and resilience.

Nationally determined contributions
Main article: Nationally determined contributions

Uganda is a party to the United Nations Framework Convention on Climate Change (UNFCCC) and has signed and ratified the Paris Agreement in October 2015. Uganda launched the nationally determined contribution with emphasize on adaptation and resilience in communities and ecosystems considering 13 sectors, that is to include agriculture, water, forestry and ecosystem which are the major adaptation sectors and other sectors include transport, energy, mining, cities and built environment.

Major supports
In June 2024, African Development Bank Group and the Climate Investment Funds held workshops between 19 to 20 June 2024 in Uganda capital, Kampala geared at embedding "just transition" principles in the Uganda's sustainable development strategy. The event was aimed at engaging stakeholders on Uganda's shift to clean economy. According to Neyen consulting research presentation of socio-economic impact assessment model showed that 50% of the vehicles in Uganda are based in Kampala.

On 31 October 2023, United Kingdom government supported Uganda with $14 million to support projects aimed at curbing the climate change effects, this fund was announced by British High Commissioner to Uganda Kate Airey during the launch of the UK funded climate finance accelerator program in Kampala.

Private sector financing
In December 2023, during the COP28 at the Uganda Investment Authority green investment session at the Uganda pavilion received $400 million for green investment commitment by Mandulis Energy, Spouts International, 1MTN and Nexus Green.