Understanding climate finance readyness in Tanzania (Watson, Charlene / Calland, Richard / van Rooij, Jerome / Canales Trujillo, Nella / Bird, Neil / Nakhooda, Smita / Yanda, Pius)

The Green Climate Fund’s (GCF) Governing Instrument envisages support for such climate finance readiness activities, and a number of bilateral and multilateral initiatives are being developed to provide resources to this end. The exploration of climate finance readiness needs in Tanzania is therefore timely. Despite economic growth, Tanzania remains one of the largest aid recipients in Sub-Saharan Africa and poverty levels have stayed around 40% since the early 2000s. Limited growth has occurred in the agriculture sector, which remains a primary livelihood for the poor. This sector, and the livelihoods of many smallholding farmers, is vulnerable to changing climate conditions. Significant climate change impacts are also expected on water supply, power generation, industry and infrastructure, which collectively may threaten Tanzania’s future economic growth and development. The government of Tanzania has increasingly invested efforts to understand how climate change may affect its economy, with this body of work led by the Vice President’s Office. Various institutions for coordinating climate finance have also emerged, and the country is exploring new modalities for accessing climate finance. A number of areas where further efforts could serve to strengthen Tanzania’s climate change response have been identified through this study, informed by an in depth analysis of climate finance needs in the water sector.

Copyright: GIZ; ODI.

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