| dc.description.abstract | The increasing interest in harnessing carbon market finance to foster green innovation and
entrepreneurship mirrors the worldwide dedication to addressing climate change and attaining
sustainable development goals. In West Africa, notably in Benin Republic, the distinctive challenges
and opportunities faced, including the promotion of sustainable practices across sectors such as
agriculture, forestry, renewable energy, and waste management, emphasize the importance of delving
into carbon finance as a catalyst for environmental initiatives and economic advancement. This
highlights the imperative to explore how carbon market mechanisms can bolster green projects and
empower youth innovators and entrepreneurs not only in Benin but also in neighboring countries.
This master’s Dissertation delves into exploring carbon market finance as a catalyst for sustainable
development initiatives in Benin Republic, West Africa. The study investigates the potential impact
of leveraging carbon credits in key sectors such as forestry, renewable energy, agriculture, and waste
disposal to mitigate greenhouse gas emissions and promote eco-friendly practices. Through a
comprehensive analysis of implementing carbon credit projects, including project conceptualization,
design, monitoring, and market integration, valuable insights are gained into the opportunities and
challenges of utilizing carbon finance in the region. By examining the current state of the carbon
market in West Africa, with a specific focus on Benin, this research contributes to the existing body
of knowledge on climate change mitigation strategies and sustainable development practices. The
study underscores the importance of collaboration among policymakers, investors, entrepreneurs, and
stakeholders to drive innovation and knowledge sharing in green finance.
Key recommendations are provided for policymakers to enact supportive regulations, investors to
fund sustainable projects, entrepreneurs to engage in green initiatives, and stakeholders to foster
collaboration and knowledge exchange. The findings of this research highlight the significant role of
carbon market finance in advancing sustainable development goals and addressing environmental
challenges in the region. Through a multidisciplinary approach that combines environmental science,
economics, and policy analysis, this study offers valuable insights for academia, policymakers,
industry practitioners, and environmental advocates seeking to promote sustainable development
through carbon finance mechanisms in West Africa. | en_US |
