Masauni commends NCMC, CRDB For carbon market partnership
Tanzanian Minister Hamad Masauni has praised a partnership between the National Carbon Monitoring Centre and CRDB Bank to boost the country's carbon market. The collaboration aims to attract green investment while ensuring compliance with environmental regulations.
Why it matters
Developing carbon markets is a key strategy for emerging economies to attract climate finance and promote sustainable economic growth.
ANTALYA, Turkey: MINISTER of State in the Vice-President’s Office, Engineer Hamad Masauni, has commended the National Carbon Monitoring Centre (NCMC) and CRDB Bank Plc for entering into a partnership aimed at strengthening Tanzania’s carbon market and attracting green investments.
Speaking during the signing of a Memorandum of Understanding (MoU) between the two institutions in Antalya, Turkey, Masauni said the collaboration would combine NCMC’s expertise in coordinating and overseeing carbon trading activities with CRDB Bank’s financial services and investment capacity.
He said the partnership would create an enabling environment for financing and implementing viable carbon projects, contributing to the growth of the country's carbon market.
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