Carbon trading with blockchain

DOI10.1007/978-3-030-53356-4_7MaRDI QIDQ5147166zbMATH OpenOpenAlexFDO

Authors Andreas Richardson, Jiahua Xu

Publication date 2 February 2021

Published in Mathematical Research for Blockchain Economy (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/2005.02474

zbMATH Keywords

ESGsustainabilityETScarbon tradingblockchain

Mathematics Subject Classification ID

Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Applications of statistical and quantum mechanics to economics (econophysics) (91B80)

Abstract: Blockchain has the potential to accelerate the deployment of emissions trading systems (ETS) worldwide and improve upon 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. We propose an ETS model that is both backwards compatible and future-proof, characterised by interconnectedness, transparency, tamper-resistance and high liquidity. Further, we identify key challenges to implementation of a blockchain ETS, as well as areas of future work required to enable a fully-decentralised blockchain ETS.

Recommendations

• Blockchain technology: issues of analysis and synthesis
• A new blockchain-based value-added tax system
• A perspective of evolution for carbon emissions trading market: the dilemma between market scale and government regulation
• Incentive Compatibility on the Blockchain
• Currency stability using blockchain technology

Cited in

(2)

• A new blockchain-based value-added tax system
• Carbon markets and technological innovation

This page was built for publication: Carbon trading with blockchain

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5147166)