In 2006, Uganda’s hopes of developing an oil industry were boosted by the confirmation of “commercially recoverable” quantities of oil in the Albertine Basin. By 2013, three international oil companies were lined up to develop the oil fields with first oil expected in 2018.

This report outlines the measures that South Africa and its partners can take to reduce climate transition risk, avoid potential economy-damaging risk concentrations and in so doing, reduce the costs associated with the decarbonisation of the South African economy.