Dar es Salaam, April 29 -- TANZANIA: TANZANIA, a nation blessed with vast forests and renewable energy potential, should be a key player in the global carbon market. Yet, despite its natural advantages and strategic role in climate mitigation, the country is falling far short of expectations. A recent audit by the Controller and Auditor General (CAG) paints a sobering picture of missed opportunities and underperformance. Between January 2023 and July 2024, Tanzania earned just 36bn/- from carbon trading, barely 3.0 per cent of the projected 1.26tri/-.

The stark gap highlights deep structural and institutional weaknesses that have undermined the countrys ability to tap into one of the fastest-growing segments of the green economy.

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