Africa-Press – Uganda. Uganda has reaffirmed its commitment to transitioning toward a low-carbon economy through nature-based solutions, stronger regulatory frameworks, and inclusive climate financing strategies, officials said at the East Africa Carbon Markets Forum held in Kampala.
Speaking on behalf of the Minister for Water and Environment, Commissioner for Climate Change Margaret Athieno Mwebesa said Uganda is addressing the dual challenges of economic growth and climate vulnerability by investing in sustainable resource management and carbon markets.
“We are embracing nature-based solutions like afforestation and agroforestry, and working closely with partners to scale up our efforts. Uganda is committed to regional collaboration, regulatory reform, and empowering communities—especially the youth as key players in climate action,” she said.
The commissioner added that Uganda has laid a robust policy foundation, including the updated Nationally Determined Contributions (NDCs), a strategic investment plan, and climate-friendly programs aimed at reducing emissions while unlocking green investment opportunities.
Representing the Minister of Finance Matia Kasaija, Stephen Kasangaki, Commissioner for Cash Policy at the Ministry of Finance, emphasized the need for innovation in climate finance to overcome global funding gaps.
“Uganda’s national climate finance strategy for 2024–2030 aims to scale up both domestic and international resources. Through tools like tax incentives, debt-for-credit swaps, and green bonds, we are positioning ourselves to attract private investment and support local carbon development,” Kasangaki said.
He also revealed the creation of a Climate Finance Unit within the finance ministry to coordinate, mobilize, and track climate-related funding, including carbon market development.
The forum, attracted key policymakers, private sector actors, development partners and environmentalists from within and across boarders who hailed the forum as a catalyst for regional cooperation in building sustainable and resilient economies in East Africa. Discussions centered on harmonizing climate policies, verifying carbon credits, and enhancing inclusive financing mechanisms.
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