President Yoweri Museveni met with an Austrian delegation at State House Entebbe to discuss Uganda’s carbon removal potential and investment opportunities. The team, led by Ugandan investment advisor Olivia Mugabe Mitterer, included former Austrian Consul General Karl Wipfler, former Environment and Agriculture Minister Elisabeth Koestinger, and EcoNetix founders Jakob Zenz and Paul Nimmerfall.
Museveni welcomed the investors, emphasizing Uganda’s abundant land and labor as valuable resources. He encouraged European entrepreneurs to seize available opportunities and invest in the country’s growing carbon market.
Uganda’s Carbon Removal Advantage
The delegation introduced a partnership aimed at positioning Uganda as a leader in the carbon market. With over 3 million hectares of forest and 14 million hectares of farmland, the country has significant carbon removal capacity. This initiative supports global climate goals while promoting Uganda’s economic growth.
EcoNetix will serve as an implementation partner, working with the Ugandan government to enhance forestry and agricultural sustainability projects. The collaboration aims to generate economic benefits for local farmers while maximizing Uganda’s carbon credit potential.
Investment and Sustainable Growth
The initiative is expected to attract up to $500 million in investments. These funds will strengthen Uganda’s climate resilience efforts and provide financial opportunities for landowners.
The partnership will expand high-integrity carbon credit projects, aligning with Uganda’s sustainable development goals. This move will position the country as a major player in the carbon market, attracting green investments and environmental partnerships.
By leveraging natural resources and strategic collaborations, Uganda aims to lead in carbon trading and climate action, securing long-term environmental and economic benefits.
