Opening the Black Box of Carbon Finance “Additionality”: The Political Economy of Carbon Finance Effectiveness across Tanzania, Uganda, and Moldova

Mark Purdon

World Development, 2015, vol. 74, issue C, 462-478

Abstract: This paper identifies conditions under which the Clean Development Mechanism and other carbon finance projects effectively generate genuine, “additional” carbon credits—relying on a systematic empirical investigation of afforestation/reforestation and bioenergy carbon finance projects across Tanzania, Uganda, and Moldova. At low global carbon prices, additionality was related to the interests of project developers and their resulting capacities and motivations for project implementation. Certain organizations with capacity for mitigation projects were curiously not involved with carbon finance. A distinction between neo-developmental (Tanzania) and liberal neo-developmental (Uganda and Moldova) political economy preferences explains variation in the presence or absence of effective project developers.

Keywords: additionality; carbon finance; East Africa; Former Soviet Union; political economy preferences; liberal neo-developmentalism (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0305750X15001424
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:74:y:2015:i:c:p:462-478

DOI: 10.1016/j.worlddev.2015.05.024

Access Statistics for this article

World Development is currently edited by O. T. Coomes

More articles in World Development from Elsevier
Bibliographic data for series maintained by Catherine Liu ().