Requirement to register a carbon trading project - Tanzania National Carbon Monitoring Centre (NCMC) | Carbon Tanzania

Carbon Tanzania projects should meet two (2) requirements in order to operate.

The requirements are:

A person shall not operate a carbon trading project that has not been registered with the Registrar; and
For the project to be registered with the Registrar, it needs to have the following elements:
- obtain a letter of consent and participation of partners engaged in the project;
- have clearance of ownership of the property involved in the project;
- involve the local communities in the implementation of the project;
- disclose relevant project information including costs incurred, verified emission reductions and estimated revenues;
- indicate expected employment creation to the national experts and local communities;
- indicate commitment to corporate social responsibility;
- adhere to national priority carbon trading sectors;
- be in line with national policies laws and strategies;
- show how the project will contribute to the Nationally Determined Contributions;
- adhere to transparency and fairness in business; and
- adhere to national investment priorities, ecological, social, cultural and economic safeguards.