Dodoma. A company based in Dubai in the United Arab Emirates, Blue Carbon and the Tanzania Forest Services Agency have signed a Memorandum of Understanding (MoU) that marks the start of a collaboration in the promotion of sustainable forest management practices and reducing greenhouse gas emissions in Tanzania.
The signing took place during the visit of Blue Carbon team to Tanzania.
During the visit, the Blue Carbon founder and chairman who doubles as a member of the Dubai Royal Family, Sheikh Ahmed Dalmook Al Maktoum, also met with President Samia Suluhu Hassan.
Under the partnership, the two parties commit to supporting the government’s efforts to conserve, manage and register its forest resources of eight million hectares in the first phase including 56,000 hectares of mangroves.
The credits will then be sold under Article 6 of the Paris Agreement, Blue Carbon said in a statement yesterday. This will strengthen the partnership between the two countries in developing new carbon offset projects to support decarbonization targets.
“We are honoured to sign this MoU with the Government of Tanzania [through the Tanzania Forest Services Agency which is under the Ministry of Natural Resources and Tourism],” said Sheikh Ahmed Dalmook Al Maktoum.
The partnership will also provide opportunities for local communities to participate in carbon offset projects, thereby promoting sustainable economic growth and improving livelihoods.
“The signing of the MoU is a clear demonstration of Blue Carbon’s commitment to promoting nature-based solutions to mitigate and adapt to the impacts of climate change as well as demonstration the company’s efforts to transit to low carbon development,” the statement reads.
Established under the vision of Sheikh Ahmed Dalmook Al Maktoum, Blue Carbon was formed to create environmental assets, nature-based solutions and register carbon removal projects under Article 6 of the Paris Agreement. Blue Carbon serves as an enabler of blue and green economy operational frameworks, which deploys nature-based solutions in the context of de-carbonization using the latest technology and green economy principles.
Share this news
This Year’s Most Read News Stories
Zanzibar terminates land lease offered to British developer
The Revolutionary Government of Zanzibar (SMZ) has terminated a land lease held by British property developer Pennyroyal Limited in Matemwe, the developer has announced.Continue Reading
Ali Hassan Mwinyi, Former President of Tanzania, Dies at 98
Ali Hassan Mwinyi, a schoolteacher turned politician who led Tanzania as its second post-independence president and helped dismantle the doctrinaire socialism of his predecessor, Julius K. Nyerere, died on Thursday in Dar es Salaam, the country’s former capital. He was 98.Continue Reading
Insecurity prompts Zanzibar to review its lucrative island leasing
The Tanzanian central government is planning to boost its security presence in the Zanzibar archipelago. A commission tasked with auditing the country’s security forces was appointed in July by President Samia Suluhu Hassan. It says it is concerned about the situation in the country’s Indian Ocean islands that are under the control of the semi-autonomous Zanzibar local government.Continue Reading