CO₂ Allowance Tracking System

A digital platform used to monitor and manage the allocation, trading, and usage of carbon dioxide (CO₂) emission allowances within a cap-and-trade system. This system tracks the number of allowances issued, traded, and retired, ensuring transparency and accountability in the carbon market. It helps regulators and participants verify compliance with emissions caps, manage transactions, and report on emissions reductions. The system supports effective implementation of carbon pricing mechanisms by providing a reliable record of CO₂ allowances and their associated emissions.