Carbon Credit Mechanisms in Development
In the summer of 2020, I worked at Project Concern International (PCI), an NGO that tackles multisectoral sustainable development and poverty alleviation in developing nations. My primary duty dealt with a PCI pilot program targeting carbon financing revenues from carbon dioxide (CO2) emission reduction and integrating that into PCI’s international development work. The main goal revolved around utilizing the pre-existing global carbon credit markets to help increase the productivity and incomes for rural communities while simultaneously mitigating the unavoidable impacts of climate change. Throughout the process, I analyzed the supply and demand dynamics of the carbon credit markets, researched the regulatory framework surrounding the compliance and voluntary-driven markets, and examined the various case studies of other NGOs and private entities that had successfully implemented carbon financing. My work culminated with a series of presentations in which I laid out my findings and offered my opinions on PCI’s potential entry into the carbon credit market.