Warning: Trying to access array offset on value of type bool in /usr/www/users/urnnet/a/story.php on line 43 East African States Collaborate to Lobby, Share Notes on Climate Financing :: Uganda Radionetwork
the impact of climate change becomes increasingly evident worldwide, countries
are gearing up to address the challenges head-on. However, for developing
nations, a major obstacle looms large on the horizon: securing the necessary
In East Africa, individual states are
diligently preparing to find the crucial funds and recognize the
need for a collaborative approach that involves sharing experiences and
expertise. Javier Mwengerantwari, an advisor in
the Office of the General Director of Environment Protection in Burundi, observed
that even though some members were making swift progress individually, they
risked leaving others far behind.
This observation was particularly significant
because the impact of climate change affecting the region transcends national
borders. "It appears that some countries have made significant progress while others lag behind. However, I believe we must establish collaborative mechanisms, set aside our differences, and adopt a harmonized approach for the entire region, " Mwengerantwari stated.
These sentiments were expressed during
the second climate finance meeting, attended by directors from ministries
responsible for climate change affairs and national treasuries from Burundi,
the Democratic Republic of Congo, Rwanda, Kenya, Tanzania, Somalia, South
Sudan, and Uganda. With support from the Global Green
Growth Institute (GGGI) and UKAid, officials opened channels for discussions
centered around collective climate finance goals and shared experiences related
to climate finance access and implementation. This meeting follows the inaugural
gathering held in February of this year.
At the conference, the attending states
were both impressed and intrigued by the remarkable progress made in climate
change financing by Rwanda. In an impressive presentation, Alex Muyombano Mulisa, the
Strategic Advisor on Rwanda's Task Force on Access to Climate Finance,
showcased the significant strides his country had taken in the realm of
attracting funds for climate change initiatives.
Mulisa highlighted that Rwanda has
already laid out comprehensive frameworks for attracting climate change
funding. Remarkably, he added, cash has already begun to flow into Rwanda to
support their meticulously designed projects.
//Cue in; “Yes, we have...
Cue out...access to resources.”//
Available information shows that Rwanda
has already secured $35 million from the Climate Investment Fund and an
additional $319 million from the International Monetary Fund (IMF) through The Resilience and Sustainability
Facility. In a similar vein, Rwanda has established the Rwanda Green Fund, with
the ambitious goal of attracting funds from various sources, both domestic and
international, aiming to reach a substantial sum exceeding one billion Dollars.
Uganda's Margaret Athieno Mwebesa, the
Commissioner of Climate Change at the Ministry of Water and Environment, was
intrigued by the substantial funds that Rwanda had successfully attracted. She
shared that Uganda had made efforts to establish a similar fund but had only
managed to collect a modest $1.5 million. In light of this, she asked Rwanda to
consider sharing the steps they had taken to achieve their impressive results
with other members in the region.
However, Denis Mugagga, the Head of the
Climate Change Unit at the Ministry of Finance in Uganda, offered an optimistic
perspective. He revealed that Uganda was also actively pursuing climate financing
and had set its sights on securing $1 billion from the IMF. "We are currently in the process
with the IMF, and they are assisting us in developing the Country Climate
Development Report as a prerequisite to access these funds," Mugagga said.
During the meeting, it became evident
that nearly all countries in the region have either established or are in the
process of setting up climate change funds. These funds are designed to harness
the various available resources expected to be directed toward developing
countries as climate change issues gain increasing prominence on the
Meanwhile, Haruna Kyeyune Kasolo, the State
Minister for Microfinance, who opened up the high-end meeting took the
opportunity to stress that while working together as a region is vital, there
is also a need to align individual country-level actions to drive meaningful
progress in addressing climate change across the East African region.
//Cue in; “In addition to...
Cue out...Climate action.”//
Ketty Airey, the British High Commissioner to
Uganda, expressed her support for collaborative efforts, emphasizing the need
for nations in the region, and the world at large, to unite in the battle against
the climate change monster, which she noted was impacting various dimensions of
//Cue in; “Just the latest...
Cue out...change with urgency.”//
Dr. Funso Somorin, the Regional
Principal Officer at the African Development Bank, who also leads the Bank's
efforts in climate change and green growth, issued a cautionary note at the
meeting. While East African countries are
preparing to tackle climate change, he pointed out that their focus appears to
be primarily on accessing climate funds. However, he emphasized that there is a
much larger opportunity in the realm of climate financing.
Dr. Somorin explained that many
countries, not only in East Africa but across the continent, are targeting
facilities that offer relatively small amounts of money compared to the
potential available through broader climate financing. He added that climate
financing not only encompasses larger funds but also presents innovative
avenues for both the public and private sectors to engage in climate-related
//Cue in; “what we receive...
Cue out...climate finance.”//
Dr. Somorin, however, clarified that states should not completely throw away the climate funds as they are also needed in the struggle to mitigate and adapt to climate change.
//Cue in; “We have not...
Cue out...in our countries.”//
Climate financing and funds are of
utmost importance for East Africa, as the region is already experiencing the
severe effects of climate change, including extreme weather events that have
led to drought and hunger. A report from September 2023 by Oxford
highlighted a concerning disparity: despite being largely responsible for
exacerbating the climate crisis in East Africa, wealthy nations contributed
less than 5 percent of the required $53.3 billion that the region needs to address
the climate crisis.
In 2021, the affluent nations
provided only US$2.4 billion in climate-related development finance to countries
such as Ethiopia, Kenya, Somalia, and South Sudan. This stark contrast
underscores the significant funding gap that East Africa faces in its efforts
to achieve its 2030 climate goals. Closing this financial gap is critical to
effectively combat the escalating climate crisis in the region.