Presenters: Muhamad Wildan Fawa’id, Aula Nurul Ma’rifah
Affiliations: IAIN Kediri
Room: 2
ICIES NEWS – The 4th International Conference on Islamic Economics Studies (ICIES) 2024 featured an insightful presentation by Muhamad Wildan Fawa’id and Aula Nurul Ma’rifah from IAIN Kediri. Held in Room 2, their research titled “The Dynamics of Carbon Trading: Challenges and Opportunities in the Perspective of Islamic Economic Empowerment” attracted significant attention and sparked engaging discussions among attendees.
The study provides a comprehensive overview of the challenges and opportunities in carbon trading through the lens of Islamic economic empowerment. Utilizing a qualitative descriptive method, Fawa’id and Ma’rifah delved into the intricacies of carbon trading, highlighting its potential to contribute positively to broader societal goals.
Their findings reveal that carbon emission reduction and trading can lead to sustainable and environmentally friendly practices, including investment in green technology, renewable energy development, and environmental protection. The research emphasizes the importance of responsible resource use, urging companies and entities to improve energy efficiency and reduce carbon emissions.
One of the key highlights of their presentation was the role of local communities in emission reduction and carbon management projects. Fawa’id and Ma’rifah underscored the necessity of ensuring a more equitable distribution of benefits, advocating for government regulations and policies that support vulnerable local communities. Such measures, they argue, are essential for providing legal certainty and enabling these communities to contribute to and benefit from carbon trading initiatives, ultimately leading to a better quality of life.
The presentation underscored the significant opportunities carbon trading presents for Islamic economic empowerment. By encouraging the active participation of local communities and promoting sustainable practices, carbon trading can serve as a catalyst for broader economic and environmental benefits.
The research presented by Fawa’id and Ma’rifah is expected to have a lasting impact on the discourse surrounding carbon trading and its role in Islamic economic empowerment. Their insights highlight the potential of carbon trading to drive positive change, fostering sustainable development and environmental stewardship.
The 4th ICIES 2024 continues to serve as a vital platform for academics and professionals to share knowledge and promote advancements in Islamic economics, demonstrating the importance of such gatherings in fostering innovation and progress in the field.