NCMC attracts carbon business in investment interest in Tanzania

TURKEY: The National Carbon Monitoring Centre (NCMC) has pledged technical support to Carbon Bridge as the company explores investment opportunities in Tanzania’s carbon trading sector.

The commitment was made during a meeting between NCMC experts and Carbon Bridge representatives held on the sidelines of the United Nations Climate Change Conference (COP31) in Antalya, Türkiye

During the discussions, Carbon Bridge expressed interest in investing in Tanzania’s carbon market, citing the country’s favourable investment environment, potential for generating carbon credits and the government’s regulatory framework coordinated through NCMC.

NCMC, in turn, assured the company of technical guidance and coordination throughout the investment and project implementation process, in line with Tanzania’s laws, regulations and guidelines. The Centre also noted that Carbon Bridge has already invested in clean cooking energy initiatives, including improved cookstove projects.

Tanzania continues to offer investment opportunities in carbon trading across several sectors, including forestry, agriculture, energy, water and waste management. These sectors have the potential to attract investment, generate income for local communities and support sustainable development.

NCMC was represented at the meeting by Dr Deo Shirima, Director of Monitoring, Registration and Project Reporting; Dr Paul Lyimo, Director of Environmental Integrity, Advisory and Research; Risper Koyi, Head of the Legal Unit; and Ibrahim Hamidu, Head of Communications.