The Potential Impact of Carbon Market on Climate Change Mitigation and the Advancement of Sustainable Development Goals in Anambra

Ogbo O.G., Onuoha D.C. and Amaechi M
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Ogbo O.G.: Nnamdi Azikiwe University, Awka
Onuoha D.C.: Nnamdi Azikiwe University, Awka
Amaechi M: Nnamdi Azikiwe University, Awka

International Journal of Research and Innovation in Social Science, 2025, vol. 9, issue 3s, 2185-2192

Abstract: This study evaluates the potential impact of carbon markets on climate change mitigation and sustainable development in Nigeria, focusing on stakeholder perspectives in Anambra State. Carbon markets have been recognized as a tool for reducing greenhouse gas emissions and fostering economic growth, but their implementation in Nigeria faces challenges related to regulatory enforcement, institutional readiness, and market stability. Using a mixed-methods approach, stakeholder perceptions were analyzed through descriptive statistics and a one-sample t-test. Findings indicate strong confidence in the effectiveness of carbon markets for climate change mitigation, with a mean score of 3.88, while their role in promoting sustainable development received a higher endorsement, with a mean score of 4.05. The t-test confirmed that both mean values significantly exceeded the neutral midpoint of 3 (p

Date: 2025
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