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2020 | OriginalPaper | Buchkapitel

Carbon Trading with Blockchain

verfasst von : Andreas Richardson, Jiahua Xu

Erschienen in: Mathematical Research for Blockchain Economy

Verlag: Springer International Publishing

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Abstract

Blockchain has the potential to accelerate the worldwide deployment of an emissions trading system (ETS) and improve the efficiency of existing systems. In this paper, we present a model for a permissioned blockchain implementation based on the successful European Union (EU) ETS and discuss its potential advantages over existing technology. The proposed ETS model is both backward compatible and future-proof, characterised by interconnectedness, transparency, tamper-resistance and continuous liquidity. Further, we identify key challenges to implementation of blockchain in ETS, as well as areas of future work required to enable a fully decentralised blockchain-based ETS.

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Vorheriges Kapitel The Speculative (In)Efficiency of the CME Bitcoin Futures Market

Nächstes Kapitel Economic Games as Estimators

Nur mit Berechtigung zugänglich

Scaling factors known as Global Warming Potentials (GWPs) are used to normalise the impact of various Greenhouse Gases (GHGs) emitted against CO\(_2\) (which, by definition, has a GWP of 1).

The GHGs covered by the EU ETS are carbon dioxide (CO\(_2\)), nitrous oxide (N\(_2\)O) and perfluorocarbons (PFCs). [19]

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Titel: Carbon Trading with Blockchain
verfasst von: Andreas Richardson
Jiahua Xu
Verlag: Springer International Publishing
Buch: Mathematical Research for Blockchain Economy
Print ISBN: 978-3-030-53355-7

Electronic ISBN: 978-3-030-53356-4

Copyright-Jahr: 2020
DOI: https://doi.org/10.1007/978-3-030-53356-4_7

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