Enhancing carbon trading mechanisms through innovative collaboration: Case studies from developing nations

Against a backdrop of global climate change mitigation efforts, carbon trading has emerged as a critical mechanism, yet developing countries often lack the necessary infrastructure and collaborative frameworks. The research investigates how intermediaries facilitate stakeholders and employ innovative practices to foster effective carbon trading markets. Methodologically, it employs a qualitative approach, conducting in-depth case studies of four intermediaries through 32 semi-structured interviews and archival document. Findings underscore the pivotal role of digital platforms in enabling real-time trading, rigorous standardization processes to ensure market credibility, and multi-stakeholder engagement strategies that promote inclusive participation. This research contributes to the theoretical understanding of carbon trading by illustrating how digital platforms and technological integration enhance resource acquisition and allocation. It emphasizes the significance of standardization and verification processes in building trust among stakeholders, crucial for effective supply chain collaboration. Practically, the study highlights the benefits of these approaches in enhancing market efficiency and transparency. It also underscores the importance of multi-stakeholder engagement strategies and strategic alliances for creating resilient and inclusive carbon trading markets, offering actionable insights for stakeholders and policymakers alike. • Carbon trading intermediaries enhance market efficiency in developing countries. • Digital platforms facilitate real-time trading and resource allocation. • Trust and transparency are key to stakeholder engagement strategies. • Innovative practices address market challenges and promote collaboration.