250 to discuss investment opportunities in carbon sector

OVER 250 participants are expected to participate in the Nature-based solutions (NBS) conference that is set to discuss investment opportunities in the carbon sector and raise awareness on carbon market among stakeholders.

Head of Operation for the Association for the Development of Protected Areas (ADAP) Yves Hausser said on Wednesday that the conference, which is set take place on Novermber 16, this year, will bring participants rom Tanzania and abroad.

He said the conference will also play part in addressing the challenges of global climatic change.

“We understand that there are many people with interest on carbon credit, but few of them understand how the process is working… we need the stakeholders in the country to better understand the system of carbon credit,” he underlined.

He noted that the conference marks the first move in raising awareness and helping stakeholders to better understand the system.

For his part, Operations Manager for Africa Carbon Agency (ACA), Mr Cosmas Tungaraza said the conference also aims at informing key players in the public and the private sector of the potential of developing carbon markets and more generally of impact certification.

Mr Tungaraza mentioned a number of topics that will be discussed during the sessions as how to effectively develop carbon projects for communities? The topic will also highlight the collaboration between various players and the way in which the funds generated are used at local level for development.

The conference will highlight on the legal framework of carbon trading in Tanzania and how do governments leverage natural resource management in the carbon markets.

The conference is organised by a committee composed of personnel from the Vice President’s Office, Ministry of Natural resources and Tourism, Africa Carbon Agency, ADAP, AxessImpact, Carbon Tanzania, National carbon Monitoring Centre and ADIS.

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