REDD+

Ireland has become the first country in the world to recognise forest carbon credits in its tax regime – paving the way for the issuance of forest bonds, according to a leading banker.

The UK government has invested £110 million ($157 million) into two new commercial funds, aiming to leverage in at least £3 billion of private capital for green investments in developing countries.

Dar es Salaam. Tanzania has only spent half of Norwegian funds on Reduced Deforestation and Land Degradation (REDD), the ambassador of Norway, Ms Ingunn Klepsvik has said.Speaking to The Citizen recently, Ms Klepsvik said despite halfway expenditure on Norwegian REDD funds, the country has performed well in terms of preparedness in absorbing REDD funds in the future.