UK pledges Shs56 trillion for climate change

Some of the residents of Bududa District who were affected by mudslides that killed 40 people in 2018.  PHOTO/FILE

What you need to know:

  • Challenge to finances.“Some of the things we are seeing already with changes in rainfall, droughts or floods, and landslides are quite new. So there is not a background or they have not been keeping data over a long period in some of these issues. This is one of the reasons why projects often fail to get the financing,” Janet Rogan, UK COP26 regional ambassador for Africa and Middle East 

The United Kingdom has committed £11.6 billion (Shs56.5 trillion) for the next five years to mitigate the impact of climate change, adaptation and a number of climate-related projects, especially in developing countries, including Uganda.
The funds are part of the 2015 Parish Agreement where global powers promised to make up to $100b (Shs357 trillion ) available annually to combat climate change and its impacts. 

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