Situational Analysis of the Carbon Market in Sierra Leone

This document is a rapid situational analysis of the carbon market landscape in Sierra Leone. Commissioned by Invest Salone and conducted by the Cadmus Group, it assesses the current state of the carbon market, focusing on stakeholder priorities, opportunities for support, associated risks, and key recommendations for establishing a transparent and equitable marketplace. The analysis aims to provide government ministries, private sector actors, NGOs, and international donors with an overview of stakeholders and insights into the regulatory environment affecting carbon offset investments. It emphasizes the importance of navigating power dynamics and harmonizing policies for successful market development. The consultants utilized a mixed-methods approach, including desk-based research of over 125 documents, key informant interviews with various stakeholders, and survey tools to identify market patterns and trends. The document concludes with actionable recommendations to guide stakeholders in developing a regulatory carbon market framework in Sierra Leone.