Supporting locally grounded climate finance expertise 

The CC Facility Learning Hub supports institutions in emerging markets to conduct research on locally driven climate finance solutions. By supporting organizations with deep regional expertise, the Learning Hub helps elevate local perspectives and strengthen climate finance ecosystems. One of its research grantees, the Makerere University Business School (MUBS) Climate Finance and Sustainability Centre (CFSC), is exploring how local investors can play a greater role in mobilizing blended climate finance for climate action in Uganda.

Learn more about MUBS CFSC and their research below, which will be published later this year. 

What is the context of the research?

Uganda’s updated Nationally Determined Contribution estimates that USD 28.1 billion will be needed for climate action by 2030, with only 15% expected to come from domestic sources. While international finance remains critical, greater participation from local investors will be essential to expanding the pool of capital available for climate action. However, there is limited understanding of the barriers preventing domestic capital from playing a larger role in blended climate finance.

What are they exploring through the Learning Hub grant, and why does it matter?

CFSC is examining how local investors participate in blended finance structures, the barriers limiting their engagement, and how these challenges differ across investor types. Given that domestic investors differ significantly in their mandates and investment needs, the research seeks to identify how these nuances shape their ability to engage and what changes would unlock greater participation.

While focused on Uganda, the findings are intended to inform broader strategies across Africa.

More about MUBS CFSC 

Based in Uganda, the CFSC is a regional hub focused on advancing climate and sustainable finance across Africa. Through research, capacity building, policy engagement, and investment support, CFSC works with academia, government, and private sector partners to generate locally grounded evidence and apply it to practical climate finance solutions.

More about the Learning Hub 

Through ongoing calls for proposals, the Learning Hub supports locally led research exploring how blended finance can unlock greater investment for climate action. The Learning Hub will share findings from each research grant to help innovators, investors, and practitioners apply practical lessons across emerging markets. 

All research grants have been supported by the Learning Hub’s anchor donor, the International Development Research Centre (IDRC).