Tanzania's state forestry agency, Tanzania Forest Services (TFS), reports that 46 investors from Asia and Europe have applied to set up carbon credit projects in the country's forest reserves and water catchments. The agency manages over 15 million hectares of forests and plantations. Officials say the projects would generate revenue from carbon absorption without transferring land rights, and they have set up a special desk to speed up approvals. The move aligns with Tanzania's Paris Agreement commitment to cut greenhouse gas emissions by 30 to 35 percent by 2030. TFS is working with the National Carbon Monitoring Centre and other agencies to process applications and ensure projects meet national standards. Investors will only hold rights to carbon credits, not the land itself, which the agency says protects community access. While the number of applications is promising, the actual volume of credits and revenue depends on validation, baseline measurement, and market prices. Tanzania's forests have historically absorbed carbon without financial return, so these projects could unlock new conservation funding if they are executed transparently.
