Uganda’s forests are emerging as a compelling example of how climate finance can deliver measurable results when backed by strong governance, credible data, and long-term policy commitment. Despite decades of deforestation driven by agriculture and energy demand, Uganda has shifted toward a coordinated national approach aligned with its REDD+ Strategy and Paris Agreement commitments. Since 2022, the country has protected approximately 2.5 million hectares through improved forest monitoring, enforcement, and sustainable land-use initiatives. With robust systems for measurement, reporting, and verification, Uganda is well positioned to benefit from emerging mechanisms like the Tropical Forest Forever Facility (TFFF), which prioritizes performance-based, long-term financing. While challenges remain, Uganda’s experience demonstrates that climate finance can work at scale when transparency, accountability, and community engagement are in place.
Tag: climate finance Africa
Rebooting the Global Finance System Will Pay Dividends
Reforming the global financial system offers a historic opportunity to accelerate Africa’s urban development and economic integration. Although Public Development Banks (PDBs) make up just 5% of the global financial sector, they manage nearly US$23 trillion in assets and play a vital role in financing long-term development. For African cities—among the fastest-growing in the world—reform could unlock access to affordable, concessional financing for infrastructure, climate adaptation, and social services. By ensuring fairer lending practices, improving debt sustainability, and expanding climate and infrastructure finance, reforms would empower African cities to overcome structural financing barriers while strengthening the African Continental Free Trade Area (AfCFTA). PDBs, as financiers, facilitators, and innovation partners, are uniquely positioned to drive inclusive growth. Their success, underpinned by global reforms, will shape the continent’s ability to build resilient, integrated, and sustainable cities that deliver shared prosperity.