Abstract
This paper introduces a framework designed to facilitate the transition to clean energy while taking environmental considerations into account. The shift from fossil fuels to clean energy is anticipated to impact the global energy market, emphasizing the need for socio-economic considerations. The rapid adoption of clean energy faces challenges, primarily due to the current underdevelopment of renewable technologies, rendering them insufficient for meeting the escalating energy demand. This situation raises concerns about the potential for an economic recession. Effectively addressing these challenges is of paramount importance, necessitating a prompt transition towards clean energy and eco-friendly technology. A key player in this endeavor is the Clean Development Mechanism (CDM), a crucial component of the 2005 Kyoto Protocol designed to mitigate emissions. Simultaneously, the Carbon Credit market assumes a significant role by facilitating the trading of carbon emissions, generating revenues that can be strategically invested in the renewable sector. The Carbon Credit system promotes a global culture of responsibility for environmentally conscious actions while also taking into account economic considerations. As the global community grapples with the urgent need for climate action, the collaboration between these mechanisms offers a promising pathway towards a more sustainable and resilient future.
