Tanzania needs between U.S. $500 million and $1 billion per annum to implement international climate agenda by the year 2030 under the plan known as Intended Nationally Determined Contributions (INDCs).
The INDCs contain steps taken towards emission reductions and also aim to address steps taken to adapt to impact of climate change.
INDC is a term used under the United Nations Framework Convention on Climate Change for reductions of greenhouse gas emissions. The United Nations Climate Change Conference was held in Paris, France in 2015.
Presenting Tanzania’s INDC report including its implementation at a consultative workshop in Tanga on Saturday, Mr Freddy Manyika from the Office of the Vice President, Division of Environment said the country needs $60 billion as estimated costs in mitigation investments to meet its goal by 2030.
He said Tanzania needs about $150 million as an initial estimate for enhancing adaptive capacity. “In addition, about $500 million per year is needed to address climate change adaptation and building resilience up to 2020, increasing up $1 billion per year by 2030,” he said.
Source: The Citizen