Baku, Azerbaijan – On Friday, November 15, 2024, Uganda took a significant step toward addressing climate change by launching its Alliance for Climate Forestry Compensation Strategy during the ongoing UN Climate Summit (COP29) in Baku. The initiative is part of the Alliance for Climate Resilience (ACR), which aims to unite stakeholders in promoting sustainable energy generation and utilization while addressing the country’s unique challenges in energy access, affordability, and security.
The Forestry Compensation Strategy is designed to guide Uganda in developing projects that generate carbon credits to offset greenhouse gas emissions from the energy sector, especially emissions related to the country’s oil and gas projects currently under development.
Speaking at the launch, Uganda’s Minister of Energy and Mineral Development, Ruth Nankabirwa, emphasized the need to balance energy development with environmental sustainability. She noted that while Uganda is endowed with abundant natural energy resources and a favourable climate, preparations must be made to address the emissions generated by oil and gas projects under development. “As we develop our energy projects, we must prepare for the greenhouse gas emissions they will generate. We have identified government and district forest reserves to offset these emissions,” Nankabirwa said.
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