Uganda Development Bank’s Post

In the #Observer_Newspaper, I share my reflections on Uganda’s priorities at the ongoing 29th Session of the Conference of Parties to the United Nations Framework Convention on Climate Change (#UNFCCC). Ahead of #COP29Baku (the Finance COP), the COP Presidency outlined a framework for action which encompasses three critical objectives; #limiting_global_temperature_rise below 1.5 degrees Celsius, #enhancing_ambition_and_enabling_action, and ensuring an #inclusive process. In our current #Nationally_Determined_Contribution (NDC), we have committed to reducing our #carbonemissions by 24.7%. In order to achieve our #climatemitigation and #adaptation targets, we need $ 28.1 billion, 15% ($ 4.1 billion) of which, will be mobilized domestically, with the rest mobilized internationally. Accordingly, Uganda’s top priorities are #building_climate_resilience and #adaptivecapacity, #capitalization of the #loss_and_damage_fund, #equitable_climate_finance inclusive of the #NewCollectiveQuantifiedGoalonClimateFinance (#NCQG ), enhancing climate mitigation and #CarbonMarkets and a just and balanced #energytransition in consonance with our #Energy_Transition_Plan (ETP). Through these priorities, Uganda is committed to advancing climate resilience, #economicdevelopment, and #sustainablegrowth, reinforcing her role as a proactive participant in the #globalclimateagenda. #InSolidarityforaGreenWorld UNFCCC UN Climate Change Department (CCD) Ministry of Energy and Mineral Development (Uganda) National Environment Management Authority Uganda National Renewable Energy Platform (NREP) - Uganda Climate Investment Funds Africa Centre for Energy Policy International Renewable Energy Agency (IRENA) Global Green Growth Institute Uganda Office Oxfam in Uganda Environmental Law Institute Climate Investment Funds Greenwatch Jan Sadek Ruth Nankabirwa Mrs. Margaret Athieno Mwebesa Eunice Asinguza Adam Sparre Spliid Embassy of Denmark in Uganda EU Youth Sounding Board Uganda

🇬🇲 The Republic of #TheGambia launched its #NDC Implementation Plan 2021-2030, operationalizing its NDC and advancing long-term transformative #ClimateAction. Despite its low emissions, The Gambia is recognized for its ambitious NDC and climate-neutral strategy for 2050. This plan, covering critical sectors, is a transformative, results-based blueprint for climate-development action. The plan covers: ✅ Agriculture ✅ Buildings ✅ Energy ✅ Industry ✅ Water ✅ Waste ✅ Policy ✅ Legislative and institutional review and development ✅ Budget and investment ✅ Gender ✅ Youth ✅ Capacity building NDC Partnership members and partners UNDP, ICLEI, International Renewable Energy Agency (IRENA), UNICEF, the UK and 2050 Pathways Platform , among others, have supported The Gambia's NDC implementation and update process, providing technical capacity. The NDC Partnership will continue supporting The Gambia's climate action priorities, programs and projects, mobilizing further support through Global Call for NDCs 3.0 & LT-LEDS. Learn more ➡️ https://lnkd.in/gvjFm5Mu

Burkina Faso, Cape Verde, Ivory Coast, Gambia, Guinea-Bissau, Guinea, Liberia, Mali, Senegal and Togo call on Science Based Targets initiative (SBTi) to include the use of offsets in its corporate guidance. https://lnkd.in/eXMvJ4VS SBTi should listen. This call about community resilience for climate-vulnerable populations, not just climate mitigation. The IPCC has given West Africa its highest ratings for human vulnerability to climate change. As these countries correctly point out, carbon markets are climate finance. It's time to turn on the climate finance spigot and more than past time to begin heeding the wishes of countries that on the front line of climate change. https://lnkd.in/e6xRj5Ki

why is Africa pushing for 1.3 trillion fund under the NCQG climate lens? Securing the $1.3 trillion climate fund will enable Africa to transition to renewable energy sources, enhancing energy access and reducing greenhouse gas emissions by 32% by 2030, aligning with Paris Agreement targets and creating jobs in the clean energy sector. The funding will support climate-resilient infrastructure development, protecting 50 million Africans from climate-related disasters, and promoting sustainable agriculture practices, increasing crop yields by 20% and improving food security for 200 million people, while conserving biodiversity and natural resources. By bridging the climate finance gap, Africa will unlock transformative growth, achieving SDGs and NDCs, and creating a climate-resilient economy valued at $2 trillion by 2050, with benefits including reduced poverty (30% decrease), improved health (25% reduction in climate-related illnesses), and enhanced economic competitiveness, positioning Africa as a global leader in climate action.

#MySDGfocusWithSSETS. The top four United Nations Sustainable Development Goals (SDGs) that align with my research interest in carbon capture and storage (CCS) are: SDG 13: Climate Action- This goal focuses on taking urgent action to combat climate change and its impacts. SDG 7: Affordable and Clean Energy- CCS can be integrated with energy production, especially in fossil fuel-based power plants, to make energy production cleaner. This aligns with the goal of ensuring access to affordable, reliable, sustainable, and modern energy for all. SDG 9: Industry, Innovation, and Infrastructure- The goal supports building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation, all of which are essential for the development and deployment of CCS. SDG 12: Responsible Consumption and Production- CCS helps manage waste (in the form of CO2 emissions) from industrial processes more responsibly. These SDGs highlight the environmental, industrial, and technological significance of carbon capture and storage, demonstrating its critical role in sustainable development. Mohammed Dahiru Aminu, Ph.D. Dr. Oghenerume Ogolo Climate Action Network International TotalEnergies NNPC Limited Foreign, Commonwealth and Development Office Lancaster University British Council National Universities Commission (NUC) Nile University of Nigeria.

The African Development Bank Group has underscored the critical role of public-private sector collaboration in transitioning #SouthSudan to clean energy. Under the overall Vision 2040, #SouthSudan adopted several climate change policies, notably the Environmental Policy (2015-2026), which led to the preparation of the National Adaptation Program of Action (NAPA) in 2016, the first Nationally Determined Contribution (NDC) in 2017, and the comprehensive Agriculture Master Plan (2015-2040), and subsequently the Second Nationally Determined Contribution (SNDC) Report in 2021. However, translating these commitments into tangible actions requires strengthened coordination between the public and private sectors to attract additional and sustainable financing. 

Bogolo Joy Kenewendo expertly weaves together a powerful call to action for more funding for climate solutions, including from the private sector. And she makes it clear that women must have a seat at the table in developing climate-finance strategies. In Africa alone, shovel-ready green projects fail to move forward because of a lack of funding as do various initiatives supporting climate adaptation and mitigation. In fact, the continent received only 3% of global climate-finance flows between 2016 and 2019. The time is now for an urgent financial push to realize Africa’s climate ambitions through innovative, efficient, transparent, and equitable financing options. https://lnkd.in/e-p_GKqA

Zimbabwe's Finance Minister Mthuli Ncube has called on the SADC region to utilise carbon credits as a vital tool in the fight against climate change. Speaking at the 7th SADC Industrialisation Week in Harare, Ncube said by leveraging carbon credits, the region can unlock benefits that support sustainable development, economic growth, and climate resilience while contributing to global efforts to combat climate change. Read more on: https://lnkd.in/eM2tc7yk #carboncredits #SADC #Industrialisation

On October 22-23, 2024, under the leadership of the Ministry of Environment and Sustainable Development of the Republic of Congo, a national workshop marked the launch of the preparation of the first Biennial Transparency Reports (BTR) and the finalization of the National Communication (NC). This key event, part of the Enhanced Transparency Framework (ETF) of the Paris Agreement, brought together key stakeholders to assess the current state, identify bottlenecks, and establish a clear roadmap for the production of these critical reports on emissions and climate progress. The workshop, organized in partnership with institutions such as FAO, UNDP West and Central Africa, UNEP Copenhagen Climate Centre, and the Regional Climate Transparency Hub, along with FOKABS, represented by Armand TANOUGONG, provided technical assistance to national experts. These experts were trained in methodologies and tools for processing climate information, such as the Common Reporting Tables (#CRT) and Common Tabular Formats (#CTF), thus facilitating their work in the implementation of Nationally Determined Contributions (#NDCs) and greenhouse gas (#GHG) inventories. This workshop also addressed approaches for the long-term low-emission and climate-resilient development strategy (LT LEDS) and the planning of NDC 3.0, which must be submitted by February 2025. Collaboration with technical and financial partners, such as Initiative for Climate Action Transparency (ICAT), the NDC Partnership, and others, also created opportunities for funding to support these processes. A significant step forward for climate transparency in Congo! 🌍 #ClimateTransparency #BTR #BUR #NDC #ICAT #ParisAgreement #Fokabs #Climate #Congo

Africa, despite emitting the lowest levels of greenhouse gases, bears the brunt of climate change impacts. Here are some sobering facts: Africa's last remaining glaciers could vanish by the 2040s due to rapid melting in East Africa. These glaciers are vital for water supply and ecosystems. The continent faces worsening floods, more severe droughts, and rising temperatures. Kenya, Ethiopia, and Somalia have suffered consecutive below-average rainfall seasons, leading to drought. Zambia and Madagascar have seen below-average rainfall, affecting agriculture. In West Africa, food prices rose due to low rainfall, impacting economies. Food insecurity, poverty, and displacement result from climate change. Over 110 million people in Africa were directly affected by climate-related hazards in 2022, causing economic damages and fatalities. Addressing climate change in Africa is crucial for survival and sustainable development thus ensuring the well-being of its people, environment and the world.