{"id":4051,"date":"2023-07-16T14:58:54","date_gmt":"2023-07-16T11:58:54","guid":{"rendered":"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/?p=4051"},"modified":"2023-07-16T15:17:57","modified_gmt":"2023-07-16T12:17:57","slug":"47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania","status":"publish","type":"post","link":"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/","title":{"rendered":"47 Tzs trilion invested to boost carbon trading in Tanzania"},"content":{"rendered":"<div class=\"border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark bg-background dark:bg-backgroundDark\">\n<div class=\"relative default font-sans text-base text-textMain dark:text-textMainDark selection:bg-super selection:text-white dark:selection:bg-opacity-50 selection:bg-opacity-70\">\n<div class=\"break-words min-w-0 [word-break:break-word]\">\n<div dir=\"auto\">\n<div class=\"prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]\">\n<p><span class=\"\">Tanzania is experiencing a boost in the production and sale of carbon offsets, which is becoming a lucrative business in the country. <\/span><span class=\"\">The government has attracted over 20 companies that are set to invest over $20 billion (Sh46.9 trillion) in carbon trading. <\/span><span class=\"\">This development is expected to provide major benefits to the environment, local communities, and the National Treasury.<\/span><\/p>\n<div class=\"inline-flex relative -top-[0.3rem] light font-sans text-base text-textOff dark:text-textOffDark selection:bg-super selection:text-white dark:selection:bg-opacity-50 selection:bg-opacity-70\">\n<div class=\"inline-flex h-[1rem] min-w-[1rem] px-[0.2em] rounded-full items-center justify-center text-center font-semibold md:hover:text-white tabular-nums border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark transition duration-300 bg-offsetPlus dark:bg-offsetPlusDark md:hover:bg-super\"><\/div>\n<\/div>\n<p><span class=\"\">Carbon offsets in Tanzania play a crucial role in preserving forests and protecting the way of life for local communities. <\/span><span class=\"\">Shifting agriculture has been identified as the primary driver of deforestation in the region, posing a threat to forest communities and Tanzania&#8217;s iconic wildlife. <\/span><span class=\"\">Carbon Tanzania, a social enterprise, has been actively involved in selling carbon credits from titled land owned by the Hadza community since 2013. <\/span><span class=\"\">The offsets are purchased by travel companies and ecotourism outfits to offset the emissions produced by their customers. <\/span><span class=\"\">Carbon Tanzania also runs carbon-offsetting projects in other areas of Tanzania, such as the Makame grasslands and Ntakata Mountains.<\/span><\/p>\n<\/div>\n<div class=\"prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]\"><span class=\"\"><br \/>\n<\/span><span class=\"\">The carbon market in Tanzania is set to experience a revolution, with the value of the carbon market estimated at Sh46.9 trillion. <\/span><span class=\"\">One metric ton of carbon or another greenhouse gas is equal to one carbon offset, which costs $65 (or around Sh152,100) . <\/span><span class=\"\">This presents an opportunity for Tanzania to generate funds and address deforestation and forest degradation<br \/>\n<\/span><span class=\"\">Tanzania is also working on the largest carbon offset project in Africa, in collaboration with the Tanzania Wildlife Management Authority and GreenCop Development PTE. <\/span><span class=\"\">This project aims to develop carbon offset projects in the country.<\/span><\/div>\n<div class=\"prose dark:prose-invert inline leading-normal break-words min-w-0 [word-break:break-word]\"><span class=\"\"><br \/>\n<\/span><span class=\"\">In summary, Tanzania is experiencing a significant increase in the production and sale of carbon offsets, attracting investments and providing benefits to the environment, local communities, and the National Treasury. Carbon offsets play a crucial role in preserving forests and protecting the way of life for local communities. The carbon market in Tanzania is set to experience a revolution, presenting an opportunity for generating funds and addressing deforestation. Tanzania is also working on the largest carbon offset project in Africa.<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"flex flex-row items-center gap-xs mt-sm -ml-sm\">\n<div class=\"pointer-events-none absolute z-30 opacity-0 shadow-sm transition-all delay-200 duration-200 group-hover:translate-y-0 group-hover:translate-x-0 group-hover:opacity-100 bottom-[120%] translate-y-1\">\n<div class=\"py-xs px-sm rounded-md border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark bg-offsetPlusDark\"><\/div>\n<\/div>\n<div class=\"pointer-events-none absolute z-30 opacity-0 shadow-sm transition-all delay-200 duration-200 group-hover:translate-y-0 group-hover:translate-x-0 group-hover:opacity-100 bottom-[120%] translate-y-1\">\n<div class=\"py-xs px-sm rounded-md border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark bg-offsetPlusDark\">\n<div class=\"default font-sans text-xs font-medium text-textMain dark:text-textMainDark selection:bg-super selection:text-white dark:selection:bg-opacity-50 selection:bg-opacity-70\"><\/div>\n<\/div>\n<\/div>\n<div class=\"flex items-center leading-none justify-center gap-xs\"><\/div>\n<\/div>\n<\/div>\n<div class=\"\">\n<div class=\"mt-lg border-t pt-lg animate-in fade-in ease-out duration-1000 border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark bg-transparent\">\n<div class=\"border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark bg-transparent\">\n<div class=\"border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark bg-background dark:bg-backgroundDark\">\n<div class=\"flex items-center justify-between border-borderMain\/60 dark:border-borderMainDark\/60 divide-borderMain dark:divide-borderMainDark ring-borderMain dark:ring-borderMainDark bg-background dark:bg-backgroundDark\">\n<div class=\"flex items-center justify-between w-full mb-sm\">\n<div class=\"\">\n<div class=\"space-x-sm flex items-center \">\n<div class=\"super font-sans text-base font-medium text-super selection:bg-super selection:text-white dark:selection:bg-opacity-50 selection:bg-opacity-70\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tanzania is experiencing a boost in the production and sale of carbon offsets, which is becoming a lucrative business in the country. The government has attracted over 20 companies that are set to invest over $20 billion (Sh46.9 trillion) in carbon trading. This development is expected to provide major benefits to the environment, local communities, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":3765,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[36],"class_list":["post-4051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-carbon-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>47 Tzs trilion invested to boost carbon trading in Tanzania - Department of Forest and Environment Economics| Sokoine University of Agriculture<\/title>\n<meta name=\"description\" content=\"Tanzania is experiencing a boost in the production and sale of carbon offsets, which is becoming a lucrative business in the country. The government has attracted over 20 companies that are set to invest over $20 billion (Sh46.9 trillion) in carbon trading. This development is expected to provide major benefits to the environment, local communities, and the National Treasury.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"47 Tzs trilion invested to boost carbon trading in Tanzania - Department of Forest and Environment Economics| Sokoine University of Agriculture\" \/>\n<meta property=\"og:description\" content=\"Tanzania is experiencing a boost in the production and sale of carbon offsets, which is becoming a lucrative business in the country. The government has attracted over 20 companies that are set to invest over $20 billion (Sh46.9 trillion) in carbon trading. This development is expected to provide major benefits to the environment, local communities, and the National Treasury.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/\" \/>\n<meta property=\"og:site_name\" content=\"Department of Forest and Environment Economics| Sokoine University of Agriculture\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-16T11:58:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-16T12:17:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/wp-content\/uploads\/2023\/06\/tracking-forest-carbon.png\" \/>\n\t<meta property=\"og:image:width\" content=\"706\" \/>\n\t<meta property=\"og:image:height\" content=\"535\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Grayson Nyamoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Grayson Nyamoga\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/\"},\"author\":{\"name\":\"Grayson Nyamoga\",\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/#\/schema\/person\/ef0b94dcec602646fd35ad189dc99788\"},\"headline\":\"47 Tzs trilion invested to boost carbon trading in Tanzania\",\"datePublished\":\"2023-07-16T11:58:54+00:00\",\"dateModified\":\"2023-07-16T12:17:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/\"},\"wordCount\":342,\"image\":{\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/wp-content\/uploads\/2023\/06\/tracking-forest-carbon.png\",\"keywords\":[\"carbon trading\"],\"articleSection\":[\"Latest News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/\",\"url\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/\",\"name\":\"47 Tzs trilion invested to boost carbon trading in Tanzania - Department of Forest and Environment Economics| Sokoine University of Agriculture\",\"isPartOf\":{\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/47-tzs-trilion-invested-to-boost-carbon-trading-in-tanzania\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/wp-content\/uploads\/2023\/06\/tracking-forest-carbon.png\",\"datePublished\":\"2023-07-16T11:58:54+00:00\",\"dateModified\":\"2023-07-16T12:17:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.cfwt.sua.ac.tz\/foresteconomics\/#\/schema\/person\/ef0b94dcec602646fd35ad189dc99788\"},\"description\":\"Tanzania is experiencing a boost in the production and sale of carbon offsets, which is becoming a lucrative business in the country. 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