At the preamble to the launch of the impact report and marking twenty-seven years of anchoring biological diversity conservation and mobilising climate finance in Uganda, the Environmental Conservation Trust of Uganda (ECOTRUST), has set improved targets to achieve private sector-led conservation and climate finance with over 60,000 extra hectares of restored land in sight.
During the convention held today in Kampala, the Non-Governmental Organisation now seeks to surpass its renowned key ecological zones like Rwenzori and Mt. Elgon, where over 54,000 households have benefited from climate finance through the sale of carbon credits on the voluntary market.
“The Impact of these initiatives are far greater than the environmental benefits. Carbon farmers are now taking their kids to schools, while savings and credit cooperatives have been created and capitalised with conservation finance. The impact report will document what the spinoff has been in terms of such investments,” says Pauline Nantongo, the executive director, ECOTRUST.
Beyond trees for global benefits
The flagship programme, Trees For Global Benefits, has been at the helm of private finance and carbon offsetting since 2003, with smallholder farmer activities grossing $23m (AboutSh105.6b) in conservation finance and restoring over 70,000 hectares.
Primarily, the Rwenzori mountains, Queen Elizabeth, Mt. Elgon, Murchison, and lately, Northern Uganda have been operational grounds where landscape restoration and biodiversity conservation have prevailed.
To date, the intention is to upscale the footprint to more than 16.5 million Ugandans across 33 districts, restoring at least 60,000 extra hectares of degraded land, while creating economic value out of conservation, climate change adaptation and mitigation.
ECOTRUST Board members and staff at the press conference.