Jacaranda FM Wins the Hearts and Ears of Pretoria for a…New report offers pathways for impact investors in drive to mainstream radical climate protection technologies
Unveiled as the world prepares for the COP 28 Climate Conference that has pledged to address adaptation funding for Africa, the joint research with AVPA, Weber Shandwick and Geopoll found private investors remained predominantly focused on initiatives aimed at reducing Africa’s carbon footprint.
The report’s authors, who polled 2,000 Ugandans, reported that agriculture, health and infrastructure were the sectors most affected by climate change. The country’s temperatures are expected to have risen by more than 2℃ by 2030, with increased heat already drying out soils and accelerating the growth of pests. At the same time, more than 4.5m Ugandans are now affected by water scarcity. As a result, Uganda is expected to be losing $3.2-$5.
Researchers also analysed the support available to Ugandan climate entrepreneurs, finding vanguard businesses, but limited private funding of climate adaptation initiatives. This limited investment flow has prompted the launch, alongside the report, of a new Africa Climate Investment Forum to create a climate adaptation investment ecosystem through investor co-creation, knowledge sharing, and immersion programmes.