The EAC countries are now beginning to tap into carbon trading by calling investors to invest in this new lucrative business. Carbon credit markets enable industrialised nations and businesses to offset their carbon emissions by investing in ecofriendly projects elsewhere. The compliance market for carbon credit in EAC is regulated by national and international authorities...Read More

Under the Norwegian International Climate and Forest Initiative (ICFI), Norway and Tanzania signed a Letter of Intent on a Climate Change Partnership in April 2008. The two countries agreed to cooperate for five years and Norway committed itself to support the cooperation with up to Norwegian Kroner (NOK) 500 million equivalent to United States Dollar...Read More