Legitimization Introduction: The urgent need to combat climate change and reduce greenhouse gas emissions has led to the establishment of various mechanisms and initiatives. One such approach is carbon trading, which allows for the exchange of carbon credits to incentivize emission reductions. However, the lack of a unified global framework and harmonization of carbon prices has hindered the effectiveness of this mechanism. This paper proposes the establishment of the "Organization of Global Carbon Trading (OGCT)" to address these challenges and accelerate the attainment of dual carbon goals.
Carbon trading has gained significant attention and support globally due to its potential to drive emission reductions while stimulating economic growth. The mechanism provides a market-driven solution to climate change, enabling businesses to find the most cost-effective ways to reduce their emissions. It also encourages the development and adoption of low-carbon technologies, creating new opportunities for industries and promoting sustainable economic development.
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