PREEEP’s Climate Change Component, through the BMZ funded Climate Finance Readiness Program (CF-Ready), recently concluded a series of trainings aimed at strengthening local capacity to develop bankable funding proposals to attract climate finance. The four day training was conducted as a 2-part activity whereby participants attended the first workshop late last year, and the final one in January, this year. Both workshops took place in Entebbe.
The training was attended by almost 30 participants from 20 institutions in the public and private sector, civil society and academia. A large number of them came from the Inter-ministerial Standing Committee on Climate Finance, a multi-disciplinary team tasked with appraising project proposals from Uganda, that seek funding from the Green Climate Fund. Members of the Climate Change Project Formulation Committee which develops Climate Change proposals on behalf of the country were also in attendance.
Participants were taught the basics of identifying viable green project ideas, and steps involved in developing them into fundable proposals. Special focus was put on aspects such as how to develop a problem tree, objective tree and a financial structure. Participants also received training on how to conduct a stakeholder analysis as part of proposal development. To guide discussions, they were tasked to generate project ideas from within the sectors they represent. Five of these ideas were delved further into during group discussions in the course of the training. By the end of the second workshop, the five ideas had been developed into early stage project concepts.
A role play was also conducted in form of a mock stakeholder consultation for each of the developed concepts. This gave trainees a feel of potential stakeholder concerns that should be addressed in every project proposal.
While the training was well received, it is no silver bullet to solving the challenge of limited capacity to develop bankable projects that exists in government institutions. It nevertheless sets a foundation for similar activities in line with strengthening local capacity to attract climate finance. The concepts developed during the training will thus require further support from development partners if they are to yield viable outputs.
In line with this, the CF-Ready program is engaging a consultancy firm to work alongside the Government to develop a climate change financing strategy. This will allow for devising means of increasing budgetary allocations to climate change interventions. It will also spark private sector financial contributions towards combating Climate Change.