Tanzania has unlocked $408.9 million out of 722.6 million pledged at COP29 to fight climate change and protect the environment. Projects using these funds began in March 2025, marking a major step forward in the country’s climate efforts.
In a recent parliamentary update, Minister Hamad Masauni shared progress from COP29, including the launch of the Loss and Damage Fund and new rules for carbon trading. He highlighted that communities in ten districts have already earned $16.8 million from selling carbon credits, a sign of early success.
But challenges remain! A recent audit found Tanzania earned just $13.4 million from carbon credits since 2023, far below the $468.4 million potential. Poor coordination, lack of awareness, and weak government oversight slowed progress, with only four out of 56 registered carbon projects actually starting.
Despite these setbacks, Tanzania is pushing ahead. The 2025/26 budget sets aside $30.4 million for restoring ecosystems, protecting wildlife, and helping communities adapt to climate change. An additional 18.3 million went to Zanzibar for development projects in health, education, and infrastructure.
Lawmakers are urging better fund management and closer monitoring to ensure these investments deliver real results. While carbon trading faces obstacles, Tanzania’s commitment to climate action remains strong, proving the country is serious about building a greener future.
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