Africa is marginal to the carbon market, and the carbon market has been irrelevant to the continent’s efforts to tackle climate change – Oscar Reyes, Carbon Trade Watch This monograph presents a critical review of carbon trading in Africa. It comprises a compendium of essays by an expert group of authors, each analysing key issues from a corruption and governance perspective. The chapters include a discussion on the context of and trends in the carbon market in Africa, offset projects in Uganda, Ethiopia and South Africa, carbon finance and regulation. The authors explore issues around transparency and accountability, and examine the integrity of systems and processes aimed at achieving professed goals of climate change mitigation and sustainable development. While deficits in transparency and accountability do not necessarily constitute corruption, they are nevertheless seen as cause for concern as they provide opportunities for corrupt activities to take place. In general, corruption is approached in a nuanced way because carbon trading provides new and different ways of profiting illegitimately at the expense of a deteriorating climate. For this reason, the study adopts a broad definition of corruption, sometimes using it to indicate a particular or singular abuse, and sometimes to refer to systemic challenges.
Report by the Institute for Security Studies, edited by Trusha Reddy