A Review of The Impact of National Carbon Trading on Namibian Electricity

Abstract

Pro-environmental international agreements pressure developing countries to adopt transparent and robust programs to halt global emissions at an equilibrium point. As the global climate and its environment deteriorate, countries have accelerated the development of carbon markets worldwide. This paper seeks to contribute to the existing body of research as to whether the pursuit of a carbon market in a middle-income country with a small and open electricity industry in an African economy, Namibia, can improve its emission levels as well as foster cleaner power generation. Numerous research papers and articles that are related to the electricity market and the carbon market were used to get an understanding of the knowledge domains and evolution of carbon-electricity markets. The paper forms the basis of research on the carbon market and how it influences the nation’s power-generating activities. Furthermore, the paper provides some context and examines the carbon market by trying to understand and gain a clearer picture of the market and its contribution to climate change mitigation.