Tanzania Projects to Reduce Greenhouse Gas Emissions by One to Two Million Tonnes of CO₂ Equivalent Annually

TLDR

• DAR ES SALAAM: THE Tanzanian government has approved four carbon trading projects valued at over 52.1 million US dollars (about 135.5bn/-), with the State expected to earn about eight per cent of the proceeds equivalent.
• The projects, which have been cleared under Tanzania’s carbon trading framework, are expected to generate 4.2 million tonnes of carbon credits (CO₂e) to be traded through Article 6 of the Paris Agreement, marking a.
• Engineer Masauni added that collectively the projects are projected to reduce greenhouse gas emissions by between one million and two million tonnes of CO₂ equivalent annually, contributing to environmental.
• He further mentioned the approved projects are being implemented by Burn Manufacturing Company Ltd, UpEnergy Group and Sayari Safi Ltd, Water Mission International Tanzania, and Bridge Carbon TZ Co.