To stimulate private sector engagement in climate action, the UNDP NDC Support Programme created a partnership with Private Sector Foundation Uganda (PSFU) and the Government of Uganda through the Ministry of Water and Environment’s Climate Change Department. UNDP through the NDC Support programme organized the first ever private sector dialogue on climate action in October 2018 where over 130 participants discussed the role that the private sector can play in financing and implementation of mitigation actions in sectors including renewable energy, energy efficiency, forestry, agriculture, transport, manufacturing and waste management and discussed challenges, risks and opportunities in the financing and implementation of mitigation actions. In April 2019, a survey was conducted to engage the private sector in Uganda to help build the business case for climate action in Uganda. This survey was supported by a background desk study on the enabling and regulatory framework to enable private sector investments, partnerships and initiatives at international, regional and national levels to support these initiatives, opportunities to access climate finance and access to technology and capacity development elements to enable private investments in climate action.
Further activities under this programme are continuing, including support for the development of an NDC investment committee that will lobby and advocate for regulations to incentivize private sector investments and access to finance. In addition, the programme is currently supporting the private sector and government institutions to establish a National Green Investment fund that will support financing and investments in both public and private sector green growth and low carbon technologies. Capacity strengthening activities are also conducted to support the companies in business skills development and the development of bankable project ideas to access climate finance.
This report presents the findings of the SDG/NDC Business Needs survey conducted in April 2019. Various private sector groups collaborated in the survey, including the Private Sector Foundation Uganda (PSFU), Small Scale Industries Association (USSIA) and the Uganda National Renewable Energy Association (UNREA). The survey was open for responses from 16-26 April 2019.