An Opportunity to Switch Energy Sources in Institutions in the Kilimanjaro Region, Tanzania and Benefit from Carbon Finance under the Sustainable Land Management Project

Authors

  • Stephen Mutimba
  • Francis X. Mkanda
  • Richard Kibulo

Keywords:

Wood Fuel, Deforestation, Land Degradation, Carbon Finance, Renewable Energy, Cook Stoves

Abstract

The sustainable land management (SLM) project is seeking to engage with public institutions to explore the possibility of using the energy-switch principle presented by the carbon market to reduce emissions from inefficient use of biomass energy and discharge of human waste into the environment. Such a switch will be a triple-win situation that improves the natural environment, reduces deforestation, and provides avenues for revenue generation. As such, it commissioned a study of the pattern of energy consumption in the institutions and the type of cooking stoves they employ. Results show that firewood (51%) is the most widely used fuel because of availability, affordability, and reliability. The study also found that 56% of the institutions use energy-saving stoves, which is an opportunity that the project can seize to encourage use of alternatives sources of energy as opposed to biomass. In addition, 88% of the institutions expressed willingness to switch to biogas for cooking. This is yet another opportunity for scaling up the dissemination of renewable sources of energy in the region. Better adoption and wider use of renewable energy sources will take place when innovative financing mechanisms are devised to cover the high upfront cost of installing renewable energy systems. This has been one of the main barriers to scaling up the use of renewable in the region.

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Published

2022-12-22

How to Cite

Mutimba, S. ., Mkanda, F. X. ., & Kibulo , R. . (2022). An Opportunity to Switch Energy Sources in Institutions in the Kilimanjaro Region, Tanzania and Benefit from Carbon Finance under the Sustainable Land Management Project . Edith Cowan Journal of Finance and Accounting, 2(1), 24–32. Retrieved from https://edithcowanjournal.org/journals/index.php/journal-of-finance-and-accounts/article/view/116