Conceptualizations of sustainability in carbon markets

Maryna Karavai, Miriam L. Hinostroza

    Research output: Contribution to journalJournal articleResearchpeer-review


    This paper focuses on market responses to climate change, specifically a particular example of voluntary carbon market development, in sub-Saharan Africa, and seeks to identify the principles of sustainability that carbon markets draw upon. We explore how key discourses and their application in the context of the carbon market construct a vision of sustainability. We argue that the prevalence of neoliberal and technocratic ideas and values preferring weak ecological modernization, coupled with the contemporary climate regime, marginalize alternative perspectives on climate-constrained
    development, thus weakening prospects of averting the dangerous impacts of a changing climate. The analysis is based on the evaluation of 78 projects in the voluntary market across supply chains in 23 countries in the region.
    Original languageEnglish
    JournalClimate and Development
    Issue number1
    Pages (from-to)33-45
    Publication statusPublished - 2013


    • Sub-Saharan Africa
    • Carbon markets
    • Sustainability;
    • Ecological modernization
    • Discourse analysis


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