Senior Programme Manager Nina Saalismaa and Senior Communications Manager Celine Guerin recently travelled to Tanzania to see how The Nature Conservancy (TNC), to which the Foundation provides philanthropic funding, works closely with local communities and other stakeholders to maximise the gains
What were your goals for the trip
We joined a visit organised by TNC for donors to projects in Tanzania that are part of the Africa Forest Carbon Catalyst (AFCC), a multi-country programme launched in 2021. We have been supporting this programme with philanthropic funding since 2023.
The main objective was to improve our understanding of nature-based project to sequester and store carbon: What does it take to create and implement such a project? Who are the actors, what are the main challenges? How do you actually make it work, given that it is such a complex package? I have been following this topic for a while, but from a distance. So this was a chance to get a first-hand impression also of how the Trafigura Foundation can contribute in this space.
A second important goal was to get to know TNC better. As well as supporting them in Africa, we also have an exciting new partnership in Mongolia. So this was an opportunity to talk to them about our wider collaboration, understand how they operate also in the field and deepen our relationship.
How do these natural climate solutions work?
The AFCC aims to avoid or reduce emissions equivalent to 20 million tonnes of carbon dioxide per year by 2025 while restoring or conserving 10 million hectares of African forest landscapes and improving the lives of half a million people.
To reach these ambitious targets, the AFCC programme is identifying and supporting the development of 22 carbon projects in nine countries, involving the conservation and restoration of mangroves, wetlands and grasslands as well as forests. The promise of these projects is that, by generating carbon credits, they can attract private investment and provide communities with the resources and resilience they need to be good custodians of their environment.
Natural climate solutions like this have huge potential to counter global warming and protect biodiversity. But these are complex initiatives that need careful preparation,
management and monitoring so that they deliver proven benefits over a long enough time and on a big enough scale to make a real difference.
That’s where an organisation like TNC comes in to provide mentoring and support to carbon project developers to enable them to generate verified, high-quality credits
for the voluntary carbon market. Another key role for TNC is in fostering enabling conditions so that nature-based carbon projects can operate with legal certainty and broad support.