Tanzania <> Asia CO2 tree compensation 

TANZANIA

There are indeed operations of carbon credit trading between Tanzania and countries in Asia, including Japan and Korea. 

Tanzania has established a framework for carbon trading that aims to capitalize on its vast forest resources by engaging in the global carbon market. This involves generating carbon credits through forest conservation and reforestation projects, which can then be sold internationally, including to countries like Japan and Korea that are active in the global carbon market.

Tanzania has made significant strides in formalizing its carbon trading market, which has attracted substantial investment and interest from international partners. 

• These initiatives are part of Tanzania's efforts to meet its Nationally Determined Contributions (NDCs) under the Paris Agreement by reducing greenhouse gas emissions through sustainable forestry management 

• and other environmentally friendly projects

• • ​ (Clyde & Co)​​  > The Amendments to the Tanzania Carbon Trading Regulations, 2023 > Nov 2023 > https://www.clydeco.com/en/insights/2023/11/the-amendments-to-the-tanzania-carbon-trading-regu
  • (Clyde & Co). > Tanzania: The Carbon Trading Regulations of 2022 > https://www.clydeco.com/en/insights/2022/11/tanzania-the-carbon-trading-regulations-of-2022

• • (Bowmans Law)​​ >  Tanzania: Key highlights of the Carbon Trading Regulations jan 2023 > > https://bowmanslaw.com/insights/tanzania-key-highlights-of-the-carbon-trading-regulations/

This setup not only benefits Tanzania economically but also contributes to global climate change mitigation efforts by preserving forested areas and enhancing carbon sequestration.

While specific companies from Japan or Korea directly involved in carbon trading with Tanzania were not mentioned in the searched content, Tanzania has indeed made significant strides in the carbon trading sector, attracting substantial global investment. The country has seen over $20 billion invested in carbon offset credits from various international companies, which supports forest conservation and other environmental projects.

• Japan has a known mechanism for engaging in carbon trading internationally through the Joint Crediting Mechanism (JCM), which supports projects in developing countries in exchange for carbon credits. 
• However, there's no specific mention of direct agreements under this mechanism between Tanzania and Japan or Korea as of the latest updates.

Tanzania's engagement in the carbon credit market is part of its broader strategy to utilize its forest resources for economic growth while contributing to global emissions reduction efforts. This initiative not only supports local community development and forest conservation but also aligns with international environmental goals​