Global green growth institute courts Uganda for green economy

KAMPALA, Uganda– Government of Uganda has signed a five year working relationship with the Global Green Growth Institute (GGGI) with the aim of supporting Uganda to foster a green economic growth in the country.

The five year programme which runs from 2017-2021 will be Implemented under the  country’s  planning  frame work (CPF)  which is the strategic frame work  for the cooperation  between  GGGI  and the government of Uganda .

Under this frame work, the CPF has three outcome targets which the two parties will be implementing for the government to realize a green economy. 

The parameters outcome are  mobilizing finances  for the implementation  of the  Green Growth strategy  for Uganda ,  secondly  supporting  improved  Planning  in Uganda’s cities  to catalyze  Green  Growth  transformation while reaping  the dividends  of rapid urbanization  and lastly to  support government  in its efforts  to expand   electricity thorough investing in renewable energy .

Speaking at the Launch of the frame work at the Ministry of Finances planning and Economic Development on Friday, the Deputy Secretary to the treasury   Patrick Ocailap who represented the permanent Secretary KEITH Muhakanize applauded GGGi for choosing Uganda as one of their development partners in implementing Green growth Economy.

He said the partnership will support Uganda in fighting climate change which has become a big challenge to the country’s economy. 

 He said through the CPF framework, more resources will be mobilized to finance off grid renewable energy projects across the country and this will reduce on the incidences of deforestation thus tackling the issue of Pollution.

“When locals have access to off grid renewable energy, it will offer solutions to the increasing cases of deforestation which are rampant in the country.  With this program, the government will reduce emissions of greenhouse gases which are destroying the planet. Reducing Emissions is good for our planet, our health and the entire country’s economy,” He explained.

He added that through the CPF framework , Uganda will also benefit in technology transfer  because the program will attract more investors to invest in the production of energy from bio- digestible garbage’s that are becoming big sanitation problem in most urban towns in the country.

Uganda in 2017 Launched the Uganda Green Development Strategy (UGGDS) with the aim of demonstrating commitment towards attaining sustainable development goals some of the goals in the development plan is to ensure that Uganda reduces the emission of greenhouse gases by 22% by 2030, however to achieve such goals, the government needs to source for cheap fiancé to finance green economy projects that can support government to achieve green economic pathways.

In his remarks Dexippos Agourides, the GGGI director for  Africa  and Middle East  Portfolio said  GGGI will support  the government of Uganda  to increase  finance  flows  for the projects  that are going to be implemented under the UGGDS  whose  finance gap stands at USD11billion.

“To fully implement this strategy, we will require an estimated USD11 billion over a 15year period. As a key government partners we are tasked to participate in the mobilization of these funds through various financing instruments and mechanism,” he said

He added that if the CPF frame work is fully implement as its programmed ,it will support government to create more jobs to the ordinary Uganda boost the  country’s GDP private sector growth  as well as reducing greenhouse gas emissions in the country.

According to the GGGI CPF implementing document once the programme is fully implemented as designed it will lead to the following.

Under improved planning of cities  the GGGI interventions will lead to  promoting of integrated solid waste management  by reaching 50% waste separation at source and also  a 70%wastecollection nationally, the programme will also support improvement in accessing to safe water , sanitation and Improved transports systems.

On Electricity, the GGGI Interventions will support Government targets of expanding the number of new households that have adopted renewable energy for electricity by 2.8 as contribution towards the government target of 30% by 2010 among other out comes.