25th WRI Monthly webinar focusing on Unlocking Sustainable Financing Mechanisms Focusing On Carbon M

The Water Resources Institute of the Ministry of Water and Environment in collaboration with UNDP and Gro Foundation are organizing the 25th WRI Webinar focusing on Unlocking Sustainable Financing Mechanisms Focusing On Carbon Markets.
Background
Uganda is experiencing more frequent and severe extreme weather events due to climate change. The effects of climate change have turned the seasons around with the country experiencing shorter or longer rains and harsher droughts. These impact from CC has created an urgent need to develop means of reducing greenhouse gas emissions through the carbon credit.
Expectations
The webinar will explore the critical role carbon markets play in addressing climate change while unlocking sustainable financing for development. Carbon markets, encompassing compliance and voluntary frameworks, are emerging as a vital mechanism to incentivize emissions reductions, enhance climate resilience, and channel investments into environmentally sustainable projects. In developing nations, particularly Uganda, carbon markets present an untapped opportunity to catalyze green financing and support socio-economic growth through climate action.
The presenter will explore the identified gaps and emphasize the need for actionable strategies to harness the full potential of carbon markets. He will highlight approaches used on data collection, analysis on carbon market interventions. He will also highlight an Uganda’s carbon market potential, focusing on governance, institutional capacities, and project feasibility.
Objectives
1. To highlight the role of carbon markets in achieving sustainable development goals.
2. To identify challenges hindering carbon market adoption in Uganda.
3. To recommend actionable solutions for unlocking carbon financing.
Findings
Carbon markets can generate significant financing for climate-friendly projects, including reforestation, renewable energy, and waste management. However, challenges such as policy gaps, low awareness, and limited market participation hinder progress.
Conclusion and Recommendations
To unlock the potential of carbon markets, Uganda must establish clear regulatory frameworks, enhance stakeholder capacity, and foster partnerships between government, private sector, and grassroots organizations. Recommendations include targeted training programs, policy reforms, and pilot projects to build confidence in carbon markets.
These presentations underscore the urgency of leveraging carbon markets as a sustainable financing mechanism to bridge the gap between climate action and economic development.