The Global Green Growth Institute (GGGI) in partnership the Ministry of Finance, Planning and Economic Development (MoFPED) / the National Designated Authority (NDA) for Climate Finance under a grant funding arrangement from Green Climate Fund (GCF) shall undertake a two-year A GCF Readiness and Preparatory Support Programme project(RPSP).
The project shall build the capacity of the NDA and support direct access accreditation for three (3) nominated Direct Access Entities (DAEs): the Kampala Capital City Authority (KCCA), the National Environment Management Authority (NEMA) and the Uganda Development Bank (UDB).
Uganda is ranked as the 14th most vulnerable and 48th least ready country to address climate change by the ND-GAIN Country Index. The country’s high vulnerability and lack of readiness present considerable development challenges, including exacerbating poverty, compromising the environment and curtailing economic growth.
Uganda places a high priority on accessing climate finance to assist in addressing its adaptation and mitigation funding needs. Adapting to and mitigating the impacts of climate change remains a high priority for the Government of Uganda. Uganda’s growing body of strategic plans and policies, such as the Vision 2040 strategy and the Second National Development Plan 2015/16-2019/20 demonstrate the commitment of the Government to ready the country to adapt to and mitigate climate change.
This Readiness proposal builds on Uganda’s earlier efforts to strengthen its engagement with the GCF under the GCF Readiness Support Programme with the following key components: 1. Strengthen country capacity by enhancing coordination mechanisms and NOL procedure following multi-stakeholder input. Development of the monitoring and oversight system will commence under this Readiness project. 2. Support the NDA to establish a broad-based multi-stakeholder engagement process. This includes the update of the GCF Country Programme. 3. Support the Kampala Capital City Authority (KCCA) to build capacity to meet GCF accreditation requirements, including support for the development of their pipeline of climate change projects. At least three projects will be developed into concept notes. 4. Support to establish the accreditation application status of NEMA and build capacity to meet GCF accreditation requirements 5. Support to establish the accreditation application status of UDB and build capacity to meet GCF accreditation requirements 6. Develop five (05) concept notes for climate change mitigation and adaptation projects in priority sectors. This readiness activity will support the preparation of five project concept notes for submission to the GCF. 7. Engage the private sector to improve the availability of finance for climate change projects and help overcome the dependence on international development partners and government for climate finance. At least on out of the 10 concept notes developed under outcome 4 will demonstrate strong private sector commitment to invest in this project.
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News • May 23, 2018
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