> For the complete documentation index, see [llms.txt](https://masaitis-nary.gitbook.io/sbkt-white-paper-document/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://masaitis-nary.gitbook.io/sbkt-white-paper-document/preface/summary.md). # Summary In order to promote global greenhouse gas emission reduction and reduce global carbon dioxide emissions, the United Nations adopted the Kyoto Protocol in December 1997. Since then, carbon emission rights and carbon emission quotas have truly become valuable assets that can be traded in the market. Merchandise. That is, countries, regions or enterprises with difficulties in reducing emissions can purchase such assets from carbon emission exchanges. At present, the world is facing severe and lasting climate challenges. There is still a big gap between the goal of independent contribution of countries in 2030 and the goal of the Paris Climate Agreement. Pricing with carbon emission rights and building a carbon market trading market have become an important policy tool for the international community to promote low-carbon development and scientific and technological innovation. In addition to the existing carbon market, many countries or regions are preparing or considering establishing carbon trading systems (including national systems such as China, Russia, Japan, Mexico, Brazil, and regional systems such as American states). As more and more countries or regions use the carbon market as a policy tool for energy conservation and emission reduction, The important place of the carbon market is the carbon emission exchange. Most of the existing carbon emission exchanges are regional carbon emission exchanges, which cannot realize the rights and interests recognition and transaction settlement issues such as global carbon sinks and carbon quotas. Instead, SNOWBALLKINGTOKEN (SBKT in English), a global carbon sink trading market jointly built by TESL A, IUCN, GREENFACE and China Double Carbon Research Institute, came into being. Relying on blockchain technology, Snowball King has achieved global carbon sink, carbon quota confirmation and transaction settlement, providing users of the global carbon trading market with a completely fair and tamper proof trading environment. "Blockchain+carbon trading" is conducive to fairness, efficient and orderly development of the carbon market, reducing false transactions and data fraud. In the future, Snowball King will also combine artificial intelligence, big data, cloud computing, NFT, meta universe and other technologies to protect carbon trading and help carbon trading achieve healthy and sustainable development.

Born for the Earth, for all