Climate change challenges for firms and workers: Opportunities for sustainable and inclusive growth
This policy note explores the impact of climate change on firms in Uganda, following the June 2024 Climate Change Conference in Kampala.
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Trapeznikova et al Policy note November 2024.pdf
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- Climate change has increased the frequency of extreme weather events in Uganda.
- Among formal firms in urban areas, extreme rainfall has significant adverse effects on firm sales, particularly in consumer-oriented service sectors.
- The impact of extreme rainfall is most severe for young firms, while older firms appear more resilient, mitigating weather shocks by diversifying their customer base.
- Climate change can exacerbate gender inequality, as women are more likely to work in the subsistence sector, which is highly vulnerable to climate shocks.