Categories: The Crunch

Tanzania to conclude an emission reduction purchase agreement with the World Bank.

06 May 2014 In green news, Tanzania is preparing to conclude an emission reduction purchase agreement with the World Bank, which allows citizens to get compensation for climate friendly actions including conservation of forests.

World Bank Senior Communication Officer for Climate Change and Finance Department, Ms Isabel Hagbrink, said negotiations into the deal are at final stages.

Upon completion of the deal, Tanzania will become the fourth country in East Africa to sign up to the arrangement, which allows World Bank buy carbon credits from developing countries,with money from the Organization for Economic Cooperation and Development (OECD).

Since 2000, these initiatives have reduced the equivalent of 187 million tons of carbon dioxide emissions through the projects they support.

Admin

Share
Published by
Admin

Recent Posts

LoveFest Valentine’s weekend at EbonyLife Place ignites a spark with lovers and loved ones alike

Friends and family rush to join couples celebrating the season of love with fine dining…

5 years ago

Funke Akindele-Bello and Akin Lewis are hilarious in new trailer for EbonyLife’s blockbuster, Your Excellency

Lagos, 8 November 2019 – EbonyLife Films, producer of Fifty, The Wedding Party movies and…

5 years ago

WildlifeDirect and EbonyLife TV Wildlife Warriors TV Series Partnership

Nairobi, November 01, 2019: First African produced Wildlife documentary series, from Kenya Wildlife Warriors goes…

5 years ago

Òlòtūré selected for official screening at prestigious Carthage Film Festival, Tunisia

Trailer now available for viewing ahead of cinema release in 2020 31 October 2019, Lagos,…

5 years ago

Hot new poster launches campaign for EbonyLife’s hilarious December blockbuster, Your Excellency

Funke Akindele-Bello and Akin Lewis head all-star cast Lagos, 7 October 2019 – EbonyLife Films,…

5 years ago