IDEAS home Printed from https://ideas.repec.org/p/fpr/ifprid/832.html
   My bibliography  Save this paper

Global carbon markets: Are there opportunities for Sub-Saharan Africa?

Author

Listed:
  • Bryan, Elizabeth
  • Akpalu, Wisdom
  • Yesuf, Mahmud
  • Ringler, Claudia

Abstract

"Global climate change poses great risks to poor people whose livelihoods depend directly on the use of natural resources. Mitigation of the adverse effects of climate change is a high priority on the international agenda. Carbon trading, under the Kyoto Protocol as well as outside the protocol, is growing rapidly from a small base and is expected to increase dramatically under present trends. However, developing countries, in particular Sub-Saharan Africa, remain marginalized in global carbon markets, with Africa's market share constituting less than 1 percent (excluding South Africa and North African countries). The potential for mitigation through agriculture in the African region is estimated at 17 percent of the global total, and the economic potential (i.e. considering carbon prices) is estimated at 10 percent of the total global mitigation potential. Similarly, Africa's forestry potential per year is 14 percent of the global total, and the avoided-deforestation potential accounts for 29 percent of the global total. Appropriate climate-change policies are needed to unleash this huge potential for pro-poor mitigation investment in Sub-Saharan Africa. Such policies should focus on increasing the profitability of environmentally sustainable practices that generate income for small producers and create investment flows for rural communities. Pro-poor investments, community development, new research, and capacity building can all help integrate the agriculture, forestry, and land-use systems of developing countries into the carbon trading system, both generating income gains and advancing environmental security. Achieving this result will require effective integration, from the global governance of carbon trading to the sectoral and micro-level design of markets and contracts, as well as investment in community management. Streamlining the measurement and enforcement of offsets, financial flows, and carbon credits for investors is also needed. This review paper begins with an overview of global carbon markets, including opportunities for carbon trading, and the current involvement of developing countries, with a focus on Sub-Saharan Africa. This is followed by an assessment of the mitigation potential and options involving agriculture, land use, and forestry. The major constraints to the participation of Sub-Saharan Africa in global carbon markets are discussed, and options for integrating the region into global carbon markets are proposed." from authors' abstract

Suggested Citation

  • Bryan, Elizabeth & Akpalu, Wisdom & Yesuf, Mahmud & Ringler, Claudia, 2008. "Global carbon markets: Are there opportunities for Sub-Saharan Africa?," IFPRI discussion papers 832, International Food Policy Research Institute (IFPRI).
  • Handle: RePEc:fpr:ifprid:832
    as

    Download full text from publisher

    File URL: http://www.ifpri.org/sites/default/files/publications/ifpridp00832.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Benitez, Pablo C. & McCallum, Ian & Obersteiner, Michael & Yamagata, Yoshiki, 2007. "Global potential for carbon sequestration: Geographical distribution, country risk and policy implications," Ecological Economics, Elsevier, vol. 60(3), pages 572-583, January.
    2. repec:raf:wpaper:b14441 is not listed on IDEAS
    3. De Jong, Ben H. J. & Tipper, Richard & Montoya-Gomez, Guillermo, 2000. "An economic analysis of the potential for carbon sequestration by forests: evidence from southern Mexico," Ecological Economics, Elsevier, vol. 33(2), pages 313-327, May.
    4. Yohe, Gary & Burton, Ian & Huq, Saleemul & Rosegrant, Mark W., 2007. "Climate change: Pro-poor adaptation, risk management, and mitigation strategies," 2020 vision briefs BB23 Special Edition, International Food Policy Research Institute (IFPRI).
    5. Jyoti P. Painuly, 2001. "The Kyoto Protocol, Emissions Trading and the CDM: An Analysis from Developing Countries Perspective," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 147-169.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ian H. Rowlands, 2011. "Co-impacts of energy-related climate change mitigation in Africa�s least developed countries: the evidence base and research needs," GRI Working Papers 39, Grantham Research Institute on Climate Change and the Environment.
    2. Kneteman Christie & Green Andrew, 2009. "The Twin Failures of the CDM: Recommendations for the "Copenhagen Protocol"," The Law and Development Review, De Gruyter, vol. 2(1), pages 225-256, October.
    3. Ian Rowlands, 2011. "Ancillary impacts of energy-related climate change mitigation options in Africa’s least developed countries," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 16(7), pages 749-773, October.
    4. Shongwe, Phindile & Masuku, Micah B. & Manyatsi, Absalom M., 2014. "Cost Benefit Analysis of Climate Change Adaptation Strategies on Crop Production Systems: A Case of Mpolonjeni Area Development Programme (ADP) in Swaziland," Sustainable Agriculture Research, Canadian Center of Science and Education, vol. 3(1).
    5. Bryan, Elizabeth & De Pinto, Alessandro & Ringler, Claudia & Asuming-Brempong, Samuel & Bendaoud, Luís Artur & Givá, Nicia & Anh, Dao The & Mai, Nguyen Ngoc & Asenso-Okyere, Kwadwo & Sarpong, Daniel, 2012. "Institutions for agricultural mitigation: Potential and challenges in four countries," CAPRi working papers 107, International Food Policy Research Institute (IFPRI).

    More about this item

    Keywords

    Climate change; mitigation; carbon markets; Clean Development Mechanism;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fpr:ifprid:832. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: http://edirc.repec.org/data/ifprius.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.