A Reflection on the Role of Carbon Markets in Climate Governance in Kenya
Date
2018
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Critical Accounting
Abstract
Carbon markets with international carbon offsets have been designed to channel carbon finance for climate change management to poor and developing countries. With the threat of climate change becoming more real and economically untenable, the global carbon markets have become a key response mechanism for mitigating climate change. However, the reasons given as to why carbon markets are good ways to respond to climate change do not explain why such markets have flourished as governance mechanisms in relation to climate. Moreover, carbon markets have not been easily accessible to poor and developing countries, which are more vulnerable to the impacts of climate change. The extent to which these markets have benefited poor and developing countries, especially in Africa, has been put to question. Subsequent changes to carbon financial architecture by the Paris climate agreement is likely to have even more compounding effects for developing countries and the legal and policy frameworks they will adopt for their climate governance
Description
Journal Article
Keywords
carbon markets, climate governance, carbon finance, climate change, Kenya
Citation
Baimwera, Bernard & Wangombe, David. (2018). A reflection on the role of carbon markets in climate governance in Kenya. International Journal of Critical Accounting. 10. 70. 10.1504/IJCA.2018.091182.