Tanzania Strengthens Legal Framework for Carbon Trading with National Carbon Monitoring Centre

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.
• 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.
• He noted that the government has strengthened the legal and institutional framework governing carbon trading through the establishment of the National Carbon Monitoring Centre (NCMC) and improved regulations to ensure.
• The minister said Tanzania is targeting to become one of Africa’s leading carbon trading destinations.