Addressing the Crucial Factors Affecting the Implementation of Carbon Credit Concept Using a Comprehensive Decision-Making Analysis: A Case Study

Abstract

As global focus on climate change intensifies, carbon credits have become an important tool for reducing greenhouse gas emissions. Africa, with its abundant natural resources and potential for sustainable development, is well-positioned to capitalize on this growing market. This article explores how Africa can enhance its participation in the carbon credit market, transforming environmental initiatives into economic opportunities by addressing key implementation challenges. By utilizing the Stepwise Weight Assessment Ratio Analysis (SWARA) method within an interval-valued spherical fuzzy (IVSF) framework, the study supports collective decision-making. It identifies three crucial factors: access to financing issue, the absence of clear policies and legal frameworks, and the lack of capacity and expertise within governments, businesses, and communities. The research provides practical recommendations for governments aiming to effectively implement the carbon credit concept.