UNDERSTANDING THE CARBON ECONOMY AND THE HALAL INDUSTRY ECONOMY: PILLARS OF RENEWABLE ENERGY
Keywords:
Carbon Economy, Halal Economy, Renewable energyAbstract
This research aims to understand the relationship between the carbon economy and the halal industrial economy as important pillars in driving renewable energy. The carbon economy is a development paradigm that is oriented towards reducing greenhouse gas emissions through carbon pricing mechanisms, carbon trading, and the application of renewable energy. Despite coming from different backgrounds, both have common ground in the principles of sustainability and rejection of exploitative economic practices. The research method used is a descriptive qualitative approach with content analysis of academic literature, policy reports, and interviews with experts and practitioners. The research results show that the integration of the two concepts of carbon economy and halal economy can create an inclusive, ethical, and competitive development model. Examples include the implementation of a halal green supply chain, the development of eco-tourism based halal tourism, and green Islamic financial instruments such as green sukuk. However, the study also identified several obstacles, such as limited access to environmentally friendly technology for MSMEs, regulatory fragmentation between halal and green standards, and low consumer awareness of the importance of halal and low-carbon products. Therefore, this study concludes that understanding and integrating the carbon economy and the halal industrial economy not only supports the achievement of the Sustainable Development Goals (SDGs) but also strengthens global economic competitiveness by prioritizing a balance between spiritual, social, economic, and environmental values
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