An exploratory assessment of the opportunities and challenges of carbon trading in Tanzania

Kihulla, Everline Mark (2014) An exploratory assessment of the opportunities and challenges of carbon trading in Tanzania. Masters thesis, The Open University of Tanzania.

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Abstract

The study assessed the opportunities and challenges for carbon trading in Tanzania. Specifically, the study analyzed the current situation of carbon trading in Tanzania in terms of awareness and knowledge available, assessed opportunities available for carbon trading, challenges facing carbon trading business and measures to enable Tanzania benefit from carbon trading opportunities. A sample of 60 respondents was selected from the selected carbon dealings institutions. Data were collected enough questionnaires, documentation and interviews. Questionnaires were analyzed using the Software Package for Social Sciences (SPSS). The study findings reveal that many carbon trading personnel have little knowledge on the carbon business and negatively impacted business development and its prosperity. It further suggests that carbon trading protect green house gaseous in Tanzania. Also, the study found the availability of weak training on carbon trading business for imparting knowledge of carbon markets in Tanzania. Moreover, the study reveal that Tanzania lack enough carbon projects which limit its development. Also, poor regulations and technologies were a stumbling block in the growth of carbon investment in Tanzania. Likewise, carbon capture and storage are important elements for the effective carbon trading in Tanzania. The study suggests the following measures in order to improve carbon trading in Tanzania. These include creating a flexible and efficient market for carbon reduction and emphasize on the financial institutions to invest in carbon trading. The findings show policy and practical implications on carbon trading. One of the policy implications is that government should prepare policy which will tackle carbon emissions. This can be done through encouraging carbon trading. Also, carbon vii trading business should be market driven and the government should let the business be driven by market forces.

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