Royal Tour pulls credit carbon funding for TZ

Royal Tour pulls credit carbon funding for TZ

A FEW days after the launching of the much-celebrated Royal Tour documentary, various stakeholders globally are flocking into the country, to assess the vast unique natural forests as a buffer to store carbon.

This influx will in turn see Tanzania gain immensely on credit carbon funding, President Samia Suluhu Hassan made the revelation during the Dar es Salaam premiering which convened at the Julius Nyerere International Convention Centre (JNICC) over the weekend.

These carbon finance mechanisms are project-based, intending to provide financing for project activities that will cut off carbon emissions, in which renewable energy is an important component.

According to ScienceDirect.com, as deforestation challenges increase, the viability and future of the timber industry in the past decades has seen an increase in research interest on the potential of forests to store carbon.

Conservationists have sought to persuade several stakeholders—including policy-makers and politicians—that carbon markets open an opportunity to preserve remaining forest stands.

Several countries have pursued the UN REDD + agenda buoyed by commitments from some countries to finance carbon conservation through protection of natural forests.

Several countries have pursued the REDD + agenda buoyed by commitments from some countries to finance carbon conservation through protection of natural forests. For instance, at the 2007 COP 13, in Bali, the Norwegian government announced a 1 billion US dollars donation to Brazilian REDD + initiatives and 500 million US dollars towards the creation and implementation of national-based, REDD + activities in Tanzania.

With the premiering of the Royal Tour, Tanzania is set to reap massive gains as highlighted by President Samia. The earlier premiering was staged in New York and Los Angeles in the US and Arusha and Zanzibar respectively.

Similarly, President Samia had made known of her talks with tourism giants who as well have expressed interest to come and invest heavily in Tanzania.

"I have held several talks with the sector's giants who after viewing the documentary have promised to come. The film has successfully showcased the richness in natural resources that   Tanzania is endowed with, which include natural forests, something which has triggered many applications in the area of credit carbon funding.

“They will be coming to assess the natural forests spotted in the documentary...from this Tanzania is bound to start benefiting highly from credit carbon funding," said President Samia.

President Samia's disclosure attracted the attention of the Tanzania Forest Services (TFS) Executive Director Prof Dos Santos Silayo, who said the future of forestry in the country is bright.

Prof Silayo extended recognition to President Samia for marketing the country's forests well in the documentary to the extent that it has managed to attract a large number of investors to come and invest in the country, particularly, in the business of carbon mitigation. 

According to him, stakeholders have decided to collaborate with Tanzania to further strengthen the forests in the country to act as an important stop of the global carbon emission in reducing global warming.

"The area of carbon emission mitigation business has attracted the interest of large investors in Asia and the United States to come and invest in the country...talks with a section of the investors have already begun," stated Prof Silayo.

He further expressed TFS’ commitment in strengthening forest services in mainly three areas including management and strengthening of forests, marketing forest attractions for tourism purposes and ensuring investment in forestry and bee industries.

On top of this, he noted the importance of investing in the forestry sector particularly the area of tree planting, leaving the natural resource well protected and reserved.

In another development, the Tanzania National Parks Authority (TANAPA) Board member Prof Wineaster Anderson has urged people in the hospitality industry to prepare themselves professionally and ensure they keep providing world-class services to tourists.

“If we fail to provide world-class services to tourists, we will be failing President Samia's efforts to brand and market the country's attraction sites,” said Prof Anderson.

For his part, Arusha Member of Parliament, Mr Mrisho Gambo said the Royal Tour film will help Arusha City dwellers who had lost their jobs due to the devastating impacts of Covid-19 pandemic to bounce back in the field due to increased activities in the tourism sector.

"As the number of tourists arrivals surge in Arusha, people of different skills will get employment, drivers, hoteliers, cooks, tour guides, and many others will benefit from the influx of tourists," said Mr Gambo.

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