This Report has been prepared to summarize the key findings of Phase 1 of the assignment to “Develop the Business Case for Private Sector to Engage in Climate Action in Uganda”, launched under the framework of the NDC Support programme. It summarizes a preliminary desk review undertaken to define possible incentives, initiatives, partnerships and tools that can promote greater private sector adoption of climate actions, technologies and finance.

Engagement of the private sector in national climate adaptation and mitigation is a key priority in Uganda. From the government perspective, the private sector offers a potentially significant source of financing to augment public budgets and presents a wealth of ingenuity, know-how and networks that can be key to developing climate innovations. Meanwhile, the private sector is becoming increasingly aware of the risks that climate change poses to their operations and supply chains and the need to adapt business models to be more resilient and profitable into the future.