This evaluates the socioeconomic and environmental impacts of Uganda's renewable energy expansion plan, which aims to increase the installed capacity to 4,575 MW by 2040. Key findings from the analysis include:
- Economic Growth and Employment: Renewable energy expansion boosts GDP by up to 0.5% annually compared to a business-as-usual scenario. Facilitates job-creation of up 40,000 additional jobs annually, particularly in manufacturing, installation and operation sectors.
- Increased Energy access. It Diversifies renewable energy technologies reduces power outages and reliance on imported fuels like oil. It also supports off-grid electricity access, benefiting rural households with solutions like solar PV systems.
- Environmental sustainability: Facilitates reduction in Greenhouse Gas Emissions by 6.5 Tg by 2040, mainly through reduced biomass burning and deforestation.
The paper recommends the following:
- Reducing financial barriers and attracting international funding to support renewable energy projects;
- Promoting local manufacturing and capacity building to reduce import dependence; and.
- Expanding diverse renewable energy technologies and protecting infrastructure from climate impacts.
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