Climate Finance Readiness Programme – Identifying an NIE in Uganda
The scale of financing needed to combat climate change and its impacts is said to be in the hundreds of billions of dollars. In response, many international funds have been made available for developing countries through bilateral, multilateral and private sources. The Green Climate Fund (GCF) was established in 2010 and is expected to channel a significant part of these resources. International discussions have begun to focus on national institutions directly accessing international funds to increase national ownership. Therefore, these countries and the selected institutions need to be prepared to access, manage and be accountable for these funds.
The German Ministry of Environment (BMUB) and the German Ministry for Development Cooperation (BMZ) has provided funding in order to support developing countries in preparing to access the GCF. The German Climate Finance Readiness Programme is implemented among others by GIZ and KfW and includes support for the establishment and accreditation of national and regional organisations for the GCF, the development and advancement of national climate strategies, investment plans and GCF-project pipelines and knowledge sharing and exchanges regarding climate finance.
The Frankfurt School-UNEP Centre has been engaged by GiZ to support the Government of Uganda by assessing the costs, benefits and risks of obtaining access to climate funds, in particular the GCF, under direct, regional, multilateral and international access. The team will review the international fund landscape and respective fund access requirements, as well as the capacity gaps of the national climate finance institutions to meet these requirements. The study will assess the aptness of Ugandan institutions to take on climate finance related tasks against guidelines and best practices set out by the GCF. This will lead to recommendations for the preparation of national institutions to access and implement climate funds in the medium to long term and contribute to the definition of roles and responsibilities of the different stakeholders to access climate finance.