Kampala, Uganda President Yoweri Museveni recently met with a delegation from EcoNetix, a company specializing in carbon market solutions, to discuss potential collaborations in Uganda’s emerging carbon market. The meeting, held at State House Entebbe, focused on strategies to enhance Uganda’s carbon trading framework, promote sustainable development, and attract foreign investment in carbon offset initiatives.
EcoNetix representatives presented their expertise in carbon credit certification, renewable energy projects, and environmental conservation efforts. They highlighted Uganda’s potential in reforestation, sustainable agriculture, and clean energy initiatives that align with global carbon offset markets. The discussions also touched on policy frameworks, ensuring Uganda meets international standards while maximizing revenue from carbon trading.
President Museveni emphasized Uganda’s commitment to leveraging its natural resources to combat climate change while benefiting economically. He acknowledged the importance of structured carbon trading mechanisms that protect the environment, empower local communities, and provide financial incentives for green projects.
Government officials, including representatives from the Ministry of Environment and Climate Change, participated in the discussions. They expressed optimism about a potential partnership that could position Uganda as a key player in Africa’s carbon market, attracting global investors and supporting sustainable development goals.
As Uganda explores this collaboration, further negotiations and feasibility studies are expected to define the scope of EcoNetix’s involvement. The partnership could pave the way for Uganda to develop a structured carbon credit exchange system, benefiting both the private and public sectors while contributing to global climate action efforts.
