Uganda launches climate investment platform to mobilise $28 billion

6 November 2026, 8:27 am

By Ronald Ssemagonja

Vice President Jessica Alupo has launched the Uganda Climate Investment Platform to coordinate national resource mobilisation and financing for climate change mitigation and adaptation across different sectors.

The launch comes at a time when Uganda, like many other countries, is experiencing the severe effects of climate change, including prolonged droughts, devastating floods and growing threats to agriculture and wetlands.

The launch, held in Kampala under the theme “Financing Uganda’s Green Future: From Commitment to Impact”, brought together development partners and other stakeholders.

In her address, Alupo said the government, under the leadership of President Yoweri Kaguta Museveni, remained committed to the Paris Agreement and Uganda’s Nationally Determined Contributions (NDCs).

“We have prioritised green growth in our National Development Plan IV, with a focus on climate-smart agriculture, renewable energy, sustainable wetlands and forestry management, and green industrialisation,” she said.

However, Alupo noted that government alone could not finance the country’s climate transition, revealing that Uganda requires an estimated US$28 billion to implement its climate commitments.

“This is why this platform is so important. The Uganda Climate Investment Platform will help bridge this gap. Working with and through our existing financial institutions and partners, it will support the preparation of bankable climate projects, help connect them with investors, and enable de-risking, so that climate action is profitable and sustainable for our people,” Alupo said.

She further warned that increasing floods, prolonged droughts and unpredictable rainfall were affecting communities across the country, with the poorest bearing the greatest burden.

Alupo explained that Uganda’s dependence on agriculture and natural resources makes the country particularly vulnerable to climate change, slowing progress towards Vision 2040.

She said government had developed plans to address climate change while pursuing national development and poverty reduction.

The Vice President described the newly launched platform as a government-led, multi-stakeholder mechanism intended to improve coordination of climate financing at the national level.

It will bring together government institutions, development partners and the private sector to help turn climate policies and commitments into bankable investment projects. The platform will also build on existing institutions and financial structures rather than replace them.

Meanwhile, the Minister of Water and Environment, Maj. Gen. Kahinda Otafiire, reaffirmed government’s commitment to creating an enabling environment for climate investment.

“We will continue to strengthen our policy and regulatory frameworks, improve project preparation capacity, and deepen collaboration with our development partners and the private sector,” Otafiire said.

Development partners and other stakeholders welcomed the government’s commitment and pledged continued cooperation in mobilising resources and supporting climate action.