Market Highlights
Enhancing the availability and quality of data to inform green investment decisions is crucial for attracting international investors to Tanzania. Reliable and transparent data on environmental performance, climate risks, and sustainable projects .
Tanzania Power
Tanzania is increasingly focusing on hydroelectric power as a key component of its energy strategy, aiming to harness its abundant water resources to meet growing electricity demand.
400,000 Hecters Lost
Tanzania faces a pressing environmental challenge as approximately 400,000 hectares of forest are lost annually due to deforestation. This alarming rate of forest loss is primarily driven by agricultural expansion, illegal logging, charcoal production, and population growth.
Tanzania's Financial Sector
Tanzania's financial sector is making strides in green finance, with leading institutions like NMB Bank and CRDB Bank launching green bonds to support environmentally sustainable projects. These initiatives aim to fund renewable energy, energy efficiency, and climate-resilient.
Forest Resources
Tanzania's forest resources, covering approximately 48 million hectares, play a vital role in the country's ecosystem and livelihoods. Enhancing the availability and quality of data to inform green investment decisions is crucial for attracting international investors to Tanzania.
Tanzania Sealous Game
The Selous Game Reserve in Tanzania, recognized as Africa's largest wildlife conservancy area, spans over 50,000 square kilometers and is a UNESCO World Heritage Site. Renowned for its vast wilderness and diverse ecosystems.
Improving The Data
Enhancing the availability and quality of data to inform green investment decisions is crucial for attracting international investors to Tanzania. Reliable and transparent data on environmental performance, climate risks, and sustainable projects .
Tanzania’s Readiness for the Growing Global Carbon Market
A Strategic Hub for Carbon Credit Projects and Mineral Resources in East Africa
Tanzania, with 48 million hectares of forests, offers significant potential for carbon credit projects aimed at combating deforestation (currently erasing 400,000 hectares annually) – while also supporting biodiversity, reducing emissions, and enhancing community resilience.
Strategically positioned in East Africa, Tanzania connects with eight landlocked neighbours, including Uganda, Rwanda, and Zambia, fostering cross-border collaboration in carbon trading. Comex aims to play a pivotal role in attracting international investment in carbon credits, benefiting Tanzania and the African region.
Raising Foreign Investment in Tanzania
Tanzania has recently seen a significant increase in foreign investment, driven by its abundant natural resources, strategic geographic location, and ongoing economic reforms. The country's stable political environment and efforts to improve the business climate have made it an attractive destination for international investors.
Tanzania’s Cookstove Carbon Project
The approval of a Cookstove Carbon Project in 2024 underscores Tanzania’s commitment to credible carbon trading, opening the door to substantial revenue from land-based initiatives and setting the stage for East Africa to lead in the global carbon market. Tanzania’s carbon finance opportunities extend to renewable energy, sustainable agriculture, and new gas investments, as the market for voluntary and compliance-based carbon credits grows globally in response to corporate and governmental net-zero commitments.
Carbon Pricing: Tanzania’s Low-Carbon Economy
Effective carbon pricing in Tanzania can drive substantial investments in renewable energy, conservation, and climate-resilient agriculture, positioning the nation as a leader in East Africa’s carbon market. With its power grid shifting towards hydropower and many opportunities for nature-based solutions, Tanzania is ideal for carbon pricing. By attaching value to emissions reductions, carbon pricing can attract global investment. Comex works to offer a platform for price discovery.