Tanzania gets KES 84 million Norwegian grant to build carbon market monitoring systems
streamlinefeed.co.keTanzania signed a 7 million NOK grant with Norway and the UNDP to set up a National Carbon Monitoring Centre. The money will fund a one year inception phase to build digital systems for monitoring, reporting, and verifying emissions. The goal is to make Tanzania a credible player in international carbon markets and unlock climate finance that was previously out of reach due to compliance gaps. The grant targets the National Carbon Monitoring Centre's ability to track greenhouse gas emissions and register carbon projects. Norway's ambassador stressed that strong institutions are needed to attract private investment. The project includes a digital national carbon registry and a private sector engagement strategy. If successful, Tanzania could compete with Kenya in the East African carbon credit market and potentially draw multinational investment in afforestation projects across the country.
