Dar es Salaam, June 3 -- TANZANIA is endowed with approximately 48 million hectares of forests, covering about 51 per cent of its land area. This makes the country a critical player in the global fight against climate change.

These forests are a vital global asset sequestering millions of tonnes of carbon dioxide annually, supporting rich biodiversity and providing essential ecosystem services.

However, the countrys forest ecosystems face severe threats from deforestation, with an estimated 469,000 hectares lost each year. To combat this environmental degradation, the country has adopted a dual approach: carbon taxation and carbon finance. Carbon tax discourages environmentally harmful practices by making them more expensive, while carb...