Dar es Salaam. Funding for a carbon trading system known as Reducing Emissions from Deforestation and Forest Degradation (REDD) has been suspended until further negotiations between poor countries and powerful industrial nations. In the first phase of REDD project between 2008 and 2010 Tanzania received about $100 million (Sh170 billion). The main beneficiaries of the funds were Non Governmental Organisations comprising TaTEDO, Wildlife Conservation Society of Tanzania (WCST) and Tanzania Forests Conservation Groups (TFCG). But at a recent Durban conference on Climate Change further funding was suspended as no consensus was reached on funds disbursement.
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