How Tanzania plans to benefit from carbon credit business
Tawa conservation commissioner Mabula Nyanda (Left) and Greencop Development PTE Ltd chief executive director Jean-Jacques Coppée (Right) signing the Memorandum of Understanding (MoU) for creation of Tanzania’s largest carbon offset project through conservation and restoration of the Selous, Msanjesi and Kilombero Game Reserve ecosystems in Dar es Salaam on Thursday. Witnessing are lawyers from both sides. PHOTO|COURTESY
Apart from protecting nature and the environment and addressing the challenge of climate change, the project will also generate financial and economic benefits for the local communities by selling carbon credits on the international voluntary carbon market.
