ZANZIBAR, May 5 -- TANZANIAS vast potential in the blue economy, renewable energy and tourism sectors is expected to drive economic growth, but rising impacts of climate change could undermine these gains if urgent action is not taken.

The warning was issued yesterday by Permanent Secretary in the Vice-Presidents Office (Union and Environment), Richard Muyungi, while opening a training on bankable energy transition projects in Zanzibar.

Describing the forum as timely, Dr Muyungi said Tanzania and other developing countries must urgently strengthen their capacity to mobilise investment for sustainable energy, amid widening global financing gaps.

“Developing countries require about 1.7tri/- annually to finance clean energy transiti...