Africa-Press – Tanzania. CARBON trading has begun to deliver economic benefits in several parts of the country, with approximately 45bn/- disbursed to citizens across ten local government authorities as revenue from the sale of carbon credits.
Deputy Minister of State in the Vice-President’s Office (Union and Environment), Mr Khamis Hamza Khamis said in the National Assembly while responding to a primary question from Special Seats MP Bernadetha Mushashu, who inquired about the benefits Tanzania has gained from carbon trading.
The deputy minister explained that the government continues to coordinate and strengthen the management of carbon trading, with 73 registered projects currently at various stages of implementation.
The projects cover several sectors: forestry (51 per cent), energy (33 per cent), agriculture (8 per cent), livestock (5 per cent) and waste management (3 per cent).
“The implementation of the said projects contributes to forest and land conservation and restoration, creates employment and income opportunities for citizens and reduces greenhouse gas emissions. This supports the goals outlined in our Nationally Determined Contributions (NDCs) for climate change mitigation,” he said.
He further noted that revenue from carbon credit sales is used to fund community development initiatives in participating villages.
These include the construction of schools and health centres, provision of health insurance, payment of school fees and food support for students.
In her supplementary question, MP Mushashu requested clarification on the criteria for establishing carbon trading projects.
In response, Mr Khamis stated that any interested individual or organisation must have a registered company, access to land and submit a credible project proposal.
He stressed that applicants must demonstrate seriousness and a clear commitment to
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