Tanzania approves four carbon projects, targeting $4.2 million in government revenue

Tanzania has approved four new carbon trading projects valued at over $52.1 million, anticipating more than $4.2 million in government proceeds from credit sales. These projects, implemented by Burn, UpEnergy, Water Mission, and Bridge Carbon, are expected to generate 4.2 million tonnes of carbon credits for trading under Article 6 of the Paris Agreement. They focus on clean cooking and water access, aiming to distribute over 900,000 clean cookstoves and provide safe water to more than one million households. The initiatives are projected to cut greenhouse gas emissions by 1-2 million tonnes of CO2e annually. Tanzania has also established a National Carbon Monitoring Centre and strengthened regulations to ensure greater transparency and national benefit from carbon trading.