Replication Package for "Why Carbon Potential Is Not Enough: Institutional Readiness, Market Entry, and the Scaling of Global Carbon-Credit Supply"

This repository contains the replication materials for the study “Why Carbon Potential Is Not Enough: Institutional Readiness, Market Entry, and the Scaling of Global Carbon-Credit Supply.” The study examines the extensive margin of first recorded carbon-credit issuance and the intensive margin of post-entry project scaling using a global country-year panel covering 223 countries and territories over 1996–2024. The replication package contains the analysis dataset, variable codebook, Stata code for the econometric analysis, R code for publication-quality figures, and documentation describing the data architecture and replication workflow. The empirical analysis uses discrete-time hazard models, Cox proportional-hazards robustness tests, and fixed-effects Poisson pseudo-maximum-likelihood models to examine the roles of carbon-market readiness, mitigation endowment, transition exposure, and physical climate vulnerability. The package is intended to facilitate transparent and reproducible research. Users should consult the README and codebook before running the replication files. Third-party source data remain subject to the terms and licenses of their original providers. Software: Stata 17; R 4.5.2.Version: 1.0.0.DOI: https://doi.org/10.5281/zenodo.23068177