Private sector dialogue on achieving Uganda’s climate actionsKathryn
Entebbe – United Nations Development Programme (UNDP) and the Government of Uganda through the Ministry of Water and Environment (MWE) Climate Change Department (CCD) in collaboration with the Private Sector Foundation Uganda (PSFU) and other development partners including UNFCCC RCC Kampala, NDC Partnership, and GIZ organized a two days (25th to 26th October 2018) dialogue on private sector engagement in climate action with specific focus on Uganda’s “Nationally Determined Contributions” (NDC).
Private actors have not only provided the much-needed finances for various climate change mitigation projects but have also facilitated technology development and transfer as well enabled infrastructure development that have all contributed positively to mitigating climate change. To enable a transformation change to low carbon development, the momentum of the private sector must be turned into more ambitious climate action.
To enable a transformation change to low carbon development, the momentum of the private sector must be turned into more ambitious climate action. There is still a gap as the private sector has limited information on the various financing mechanisms available for implementation of climate actions. There is therefore need for the private sector to be guided on the innovative finance mechanisms available and approaches to leverage public- private sector finance.
“We need to go beyond making money. We need to focus on the policy and legal actions that we can take up to reduce emissions and fight climate change,” Said Gideon Badagawa, Executive Director, PSFU
Participants during a group discussion at the Private sector dialogue hosted in Entebbe
The dialogue brought together representatives from companies in the different sectors including renewable energy and energy efficiency, waste management, biomass and manufacturing. Representatives from financing institutions and international development agencies participated. The discussions during the 2 days dialogue revolved around the regional and national financing opportunities to leverage the private sector for climate action.
Private sector participants emphasized the need to involve all renewable energy sector stakeholders in policy discussions and incentives; coordination among players through developing a strategy to identify key stakeholders and roles for each player; and sensitization and awareness is very critical in the public domain regarding climate change action.
The ‘Nationally Determined Contribution (NDC) Support Programme is an integrated project to improve livelihoods through climate actions that build national resilience & contribute to mitigation of climate change.