Understanding the Impact of a Low-Carbon Transition on Uganda's Planned Oil Industry

The analysis examines the declining value of Uganda's oil reserves in the Albertine Basin, the East African Crude Oil Pipeline, and the Hoima oil refinery. It finds that the value of these reserves has already decreased by over $40 billion since 2013, with further declines expected under a Paris Agreement-aligned low-carbon transition.

• Since the signing of an initial agreement in 2013, the value of Uganda's oil reserves has decreased by more than $40 billion, representing a drop of over 70% to a current value of $18.1 billion.
• A low-carbon transition aligned with the Paris Agreement goals is projected to further reduce the value of Uganda's oil to 88% of its value from seven years prior.
• The analysis specifically evaluates the value reduction of three primary assets: the Hoima oil refinery, the East African Crude Oil Pipeline, and the oilfields located in the Albertine basin.

APA

Climate Policy Initiative (2020). Understanding the Impact of a Low-Carbon Transition on Uganda's Planned Oil Industry. https://www.climatepolicyinitiative.org/publication/understanding-the-impact-of-a-low-carbon-transition-on-ugandas-plannedoil-industry/

Chicago

Climate Policy Initiative. Understanding the Impact of a Low-Carbon Transition on Uganda's Planned Oil Industry. 2020. https://www.climatepolicyinitiative.org/publication/understanding-the-impact-of-a-low-carbon-transition-on-ugandas-plannedoil-industry/.

Wikipedia

{{cite report |author=Climate Policy Initiative |title=Understanding the Impact of a Low-Carbon Transition on Uganda's Planned Oil Industry |date=2 December 2020 |url=https://www.climatepolicyinitiative.org/publication/understanding-the-impact-of-a-low-carbon-transition-on-ugandas-plannedoil-industry/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatepolicyinitiative2020understanding, author = {{Climate Policy Initiative}}, title = {{Understanding the Impact of a Low-Carbon Transition on Uganda's Planned Oil Industry}}, institution = {Climate Policy Initiative}, year = {2020}, month = dec, url = {https://www.climatepolicyinitiative.org/publication/understanding-the-impact-of-a-low-carbon-transition-on-ugandas-plannedoil-industry/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }