Issue Details

ASSESSING THE FINANCIAL PERFORMANCE AND MARKET GROWTH OF REDD+ UN PROJECTS: A STATISTICAL AND QUALITATIVE ANALYSIS OF CARBON CREDIT TRADING FROM 2010-2020

ABSTRACT

This research paper analyzes the business of carbon credits through REDD+ UN projects and the challenges faced by stakeholders, using a mixed-methods approach, including quantitative analysis of data from the Verified Carbon Standard (VCS) registry and State of the Voluntary Carbon Markets reports by Ecosystem Marketplace and Forest Trends, as well as qualitative analysis of case studies. Results show that the REDD+ UN project generates an average of 50 million carbon credits annually over the last 10 years, but REDD+ credits account for only 10% of the total carbon credit volume. The study identifies drivers such as reducing emissions, combating climate change, and economic benefits for local communities. However, challenges such as certification, governance, and market fluctuations exist. The findings have significant implications for policy-makers, industry professionals, and other stakeholders, highlighting the need for continued investment in this sector to support the transition to a low-carbon economy. The study also highlights limitations, such as the need for comprehensive data on the social and environmental impacts of REDD+ UN projects. Overall, this research paper provides valuable insights into the business of carbon credits through REDD+ UN projects, contributing to the broader understanding of carbon markets and their role in combating climate change.

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