Carbon trading with blockchain
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Publication:5147166
DOI10.1007/978-3-030-53356-4_7zbMATH Open1457.91286arXiv2005.02474OpenAlexW3022539709MaRDI QIDQ5147166FDOQ5147166
Authors: Andreas Richardson, Jiahua Xu 
Publication date: 2 February 2021
Published in: Mathematical Research for Blockchain Economy (Search for Journal in Brave)
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.
Full work available at URL: https://arxiv.org/abs/2005.02474
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Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Applications of statistical and quantum mechanics to economics (econophysics) (91B80)
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