TZ secures 1.9bn/- to strengthen climate governance

DAR ES SALAAM: TANZANIA has secured a major boost to its climate governance efforts after the Royal Norwegian Embassy and the United Nations Development Programme (UNDP) signed a Memorandum of Understanding worth 7 million NOK (1.87bn/-) to strengthen the country’s capacity to monitor greenhouse gas emissions and participate in international carbon markets. The one-year inception … The post TZ secures 1.9bn/- to strengthen climate governance appeared first on Daily News.

TZ secures 1.9bn/- to strengthen climate governance

DAR ES SALAAM: TANZANIA has secured a major boost to its climate governance efforts after the Royal Norwegian Embassy and the United Nations Development Programme (UNDP) signed a Memorandum of Understanding worth 7 million NOK (1.87bn/-) to strengthen the country’s capacity to monitor greenhouse gas emissions and participate in international carbon markets.

The one-year inception phase will support the National Carbon Monitoring Centre (NCMC) in establishing institutional, technical and financial systems for monitoring, reporting and verification (MRV) of greenhouse gas emissions in line with the Paris Agreement and the Enhanced Transparency Framework.

The project will also lay the foundation for a national carbon registry, strengthen climate transparency systems and position Tanzania to access climate finance and emerging carbon market opportunities. Speaking during the signing ceremony, Norway’s Ambassador to Tanzania, Tone Tinnes, said effective climate governance depends on strong institutions.

“Strong climate governance begins with strong institutions. Through this partnership, Norway is supporting Tanzania in building the systems needed to strengthen climate transparency and unlock climate finance,” Ambassador Tinnes said.

UNDP Resident Representative Shigeki Komatsubara said the organisation was proud to partner with the government, the Royal Norwegian Embassy and the NCMC to help Tanzania meet its international climate commitments.

He said the initiative builds on UNDP’s previous support, including assistance in preparing Tanzania’s first comprehensive greenhouse gas inventory in 2018, and will strengthen governance systems, institutional capacity and strategic partnerships needed for the centre to fulfil its expanded mandate. NCMC Chief Executive Officer Kathryn Kigaraba described the agreement as a major milestone for the institution and Tanzania’s climate agenda.

She said the project would establish governance systems, partnership frameworks, technology readiness and institutional procedures necessary to meet international standards and attract climate finance.

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“Our ambition is clear. We want the National Carbon Monitoring Centre to become an institution recognised for integrity, transparency, professionalism and credibility,” she said.

Deputy Chairperson of the NCMC Board, Mr Khamis Khamis, said the agreement is a strategic investment in national institutions and comes at a critical time following the establishment of the NCMC as a statutory body responsible for greenhouse gas management, carbon markets, monitoring and verification systems, carbon project registration and research.

Under the one-year inception phase, the project will establish financial management and governance systems, conduct a national assessment of MRV and carbon market gaps, prepare an investment-ready MRV programme, develop a private sector engagement strategy and assess technology requirements for a national carbon registry and digital MRV system.

The initiative is being implemented under the Tanzania-Norway bilateral climate cooperation agreement signed in September 2023, which prioritises climate transparency, climate finance and stronger climate governance.

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