XI-IATI-EC_INTPA-2023-ACT-60951 European Commission - Directorate-General for International Partnerships Uganda is an LDC and the 12th most vulnerable country to climate change. The rural poor and marginalized groups are particularly vulnerable and poorly equipped to cope with and adapt to the adverse impacts of climate change. Uganda is committed to tackling the effects of climate change as recognised in the National Climate Change Policy (NCCP) and the recently adopted Climate Change Act, as well as in the country¿s Green Growth Development Strategy.To support Uganda in tackling these challenges, the climate action proposes a comprehensive approach to provide and facilitate access to climate financing at the sub-national and national levels, as well as for green SMEs/private sector. It is also fully in line with the European Green Deal and the Action Plan on Financing Sustainable Growth and on the Communication on Achieving Inclusive and Sustainable Growth through a stronger collaboration with the private sector.The three components constituting the action intend to:1.    increase the resilience of communities and local economies in Uganda, through regular, predictable, systemic and verifiable climate finance in support of Nationally determined contributions (NDC) and national adaptation plan (NAP)-aligned and locally-led adaptation action. This component will be implemented by UNCDF, who has extensive experience with decentralization programmes and has already trial and tested this local approach in several other countries, including with EU funding through the GCCA+.2.    contribute to mobilising more climate finance and targeting it towards worthy green projects at national level. This will be done through a comprehensive approach of supporting the Ministry of Finance, Planning and Economic Development and other selected public institutions. This component will be implemented by GGGI, who is currently already working with the Ministry of Finance, Planning and Economic Development (MoFPED).3.    contribute to facilitating climate finance to green Ugandan SMEs for adaptation or mitigation actions. This component will be implemented through blending with the EIP, who is currently designing a regional climate action facility and will be able to extend lines of credit to local Ugandan banks.This Action builds on the European Green Deal and the Action Plan on Financing Sustainable Growth and on the Communication on Achieving Inclusive and Sustainable Growth through a stronger collaboration with the private sector. It will contribute to SDGs 13 and 8 (main) and SDGs 1, 2, 5 and 7 (significant).The country¿s Green Growth Development Strategy recognises that Uganda needs to reconsider its growth model to deliver inclusive economic and social outcomes while protecting natural capital, addressing climate change, creating jobs and accelerating economic growth. This has been reinforced through the National Climate Change Policy (NCCP) and the recently adopted Climate Change Act and is reflected in the ambitions presented in the revised National Determined Contributions. In order to achieve these goals and transform the economy, access to sustainable, reliable and affordable finance both by the private sector and national and subnational authorities is key. Directorate-General for International Partnerships European Commission United Nations Capital Development Fund Actual Start: 2023-02-07 Planned End: 2030-10-30 Planned Start: 2023-02-07 UG Delegation of the European Union to Uganda (256-41) 470.10.00 Delegation-Uganda@ec.europa.eu Crested Towers 15F, 17 Hannington Road Uganda UG - Uganda Uganda - Uganda 1.5333554 32.2166578 Business development services Formal sector financial intermediaries Public sector policy and administrative management SDG 01: No Poverty SDG 02: Zero Hunger SDG 05: Gender Equality SDG 07: Affordable and Clean Energy SDG 08: Decent Work and Economic Growth SDG 13: Climate Action Aid Targeting the Objectives of the Convention on Biological Diversity Aid Targeting the Objectives of the Convention to Combat Desertification Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation Aid to Environment Disability Disaster Risk Reduction(DRR) Gender Equality Nutrition Participatory Development/Good Governance Reproductive, Maternal, Newborn and Child Health (RMNCH) 15000000 European Commission - Directorate General for International Partnerships -15000000 European Commission - Directorate General for International Partnerships 15000000 European Commission - Directorate General for International Partnerships Keywords: "ACT-60951" Keywords: "ACT-60951" Keywords: "ACT-60951" Keywords: "ACT-60951" The conditions for implementation are outlined in the document.