Raden Mas Said State Islamic University in Surakarta
International Conference on Islamic Economics Studies (ICIES)

The Dynamics of Carbon Trading: Challenges and Opportunities from the Perspective of Islamic Economic Empowerment

Date Published : 22 October 2024

Contributors

Muhamad Wildan Fawa’id

Author

Aula Nurul Ma’rifah

Author

Yopi Yudha Utama

Author

Keywords

Carbon Trading Carbon Trading Works

Proceeding

Vol. 1 No. 1 (2024): The 4th International Conference on Islamic Economics Studies

Track

General Track

Abstract

This research aims to provide an overview of the challenges and opportunities in carbon trading from the perspective of Islamic economic empowerment. This research method is qualitative descriptive, which is a research approach used to describe a certain phenomenon by understanding and describing in depth the characteristics, context, and complexity of the phenomenon. The results of this study show that carbon emission reduction and trading is not only enjoyed by a few, but also contributes positively to the wider society, encouraging sustainable and environmentally friendly practices, including investment in green technology, renewable energy development, and environmental protection. Encouraging companies and entities to improve energy efficiency and reduce carbon emissions, emphasizing the responsible use of resources. Able to encourage the active participation of local communities in emission reduction and carbon management projects, as well as ensure a more equitable distribution of benefits. For this reason, it is necessary to have government regulations and policies that favor vulnerable local communities, so that they can provide legal certainty to be able to contribute and get a decent life.

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How to Cite

Muhamad Wildan Fawa’id, Aula Nurul Ma’rifah, & Yopi Yudha Utama. (2024). The Dynamics of Carbon Trading: Challenges and Opportunities from the Perspective of Islamic Economic Empowerment. International Conference on Islamic Economics Studies (ICIES), 1(1), 161-171. https://conferences.uinsaid.ac.id/icies/paper/view/21