Morgane Gonon (PhD Candidate) - CIRED
Selective Carbon Credits: Market Preferences and Ecosystem Restoration in Senegal
Date: 02/21/2025 (Fri)
Time: 2:00pm- 3:00pm
Location: This seminar will be held both on-site and remotely. The on-site location will be: Rubenstein 149- Sanford School. It will also be held remotely via Zoom. (Please sign in to see the link.)
Organizer: Alex Herrera, Paula Sarmiento and Xingchen Chen
Meeting Schedule: (Not currently open for scheduling. Please contact the seminar organizer listed above.)
All meetings will be held in the same location as the seminar unless otherwise noted.
2:00pm - Seminar Presentation (2:00pm to 3:00pm)
Additional Comments: Abstract: This PhD thesis aims to develop a vision for mobilizing resources to protect biodiversity in developing countries at a national scale, by enhancing the complementarity of various instruments. In this chapter, we aim to study how the voluntary carbon market interacts with other funding streams within a national territory. Delineating the types of projects the voluntary carbon market can effectively fund is essential for designing a coherent and integrated national funding strategy. This paper investigates the selective contribution of the voluntary carbon market to ecological restoration projects in Senegal. Grounded in transaction costs and organizational economics and drawing on a comprehensive dataset of restoration projects from 2007 to 2023, we identify a pattern in which the voluntary carbon market focuses on significantly less risky and standardized restoration protocols. The market’s viability conditions and the resulting spatial allocation of funding reveal only limited alignment with local socio-ecological needs. By integrating ecological specificity and uncertainty into the analysis of transaction costs in the context of global market-based mechanisms for biodiversity, we offer a nuanced understanding of how market preferences shape funding allocation and project implementation. Our findings underscore the need to integrate market-based funding with other mechanisms to address diverse ecological targets. Stage: Under minor revision in Ecological economics Type of feedback: Further research, replicability, presentation and clarity improvement, and the interpretation of results.