The potentials of carbon markets for infrastructure investment in sub-Saharan urban Africa

Even though sub-Saharan Africa has contributed little to historic greenhouse gas (GHG) emissions, the continent is at the forefront of global climate change impacts and decarbonization imperatives. Such dynamics prompt the need to question where the financing for rapid construction and transformation of urban infrastructure systems that respond to emerging efficient, low carbon and long-standing developmental objectives should come from. This paper examines the potential role of carbon financing in the form of the Clean Development Mechanism and the growing critiques from across the continent and beyond in relation to this financing pathway. It argues that carbon market-based responses to mitigation generate a series of problems, flawed logics and failures in the capacity of towns and cities to address low carbon, urban futures and should be replaced through a shift to financing based on climate debt reparations.

Source: Current Opinion in Environmental Sustainability 

Photo Credit: Lantus

Details

Publication Type Journal Article
Publisher Current Opinion in Environmental Sustainability
Year 2015
Author(s) Jonathan Silver
Other Numbers 13:25-31
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