For transformational change towards low carbon development, the momentum of the private sector must be turned into more ambitious climate action. There is still a gap as the private sector has limited information on the various financing mechanisms available for implementation of climate actions. There is therefore need for the private sector to be guided on the innovative finance mechanisms available and approaches to leverage public- private sector finance. In addition, the lessons learnt and the good practices of private sector involvement in the implementation in the past under the Clean Development Mechanism (CDM) should be carried forward to upscale mitigation actions in the context of the Paris Agreement.
In order to fill the above-mentioned gaps and stimulate the private sector engagement in further mitigation actions, the United Nations Development Programme (UNDP) and the Government of Uganda through the Ministry of Water and Environment(MWE) Climate Change Department (CCD) in collaboration with the Private Sector Foundation Uganda (PSFU) and other development partners including UNFCCC RCC Kampala, NDC Partnership, and GIZ are organizing a two days dialogue on private sector engagement in climate action with specific focus on Uganda’s NDC.