Harnessing Blockchain and IoT for Carbon Credit Exchange to Achieve Pollution Reduction Goals

Ameni Boumaiza () and Kenza Maher
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Ameni Boumaiza: Qatar Environment and Energy Research Institute (QEERI), Hamad Bin Khalifa University (HBKU), Doha P.O. Box 34110, Qatar
Kenza Maher: Qatar Environment and Energy Research Institute (QEERI), Hamad Bin Khalifa University (HBKU), Doha P.O. Box 34110, Qatar

Energies, 2024, vol. 17, issue 19, 1-12

Abstract: The trinity of global warming, climate change, and air pollution casts an ominous shadow over society and the environment. At the heart of these threats lie carbon emissions, whose reduction has become paramount. Blockchain technology and the internet of things (IoT) emerge as innovative tools for establishing an efficient carbon credit exchange. This paper presents a blockchain and IoT-centric platform for carbon credit exchange, paving the way for transparent, secure, and effective trading. IoT devices play a pivotal role in monitoring and verifying carbon emissions, safeguarding the integrity and accountability of the trading process. Blockchain technology, with its decentralized and immutable nature, empowers the platform with transparency, reduced fraud, and enhanced accountability. This platform aims to arm organizations and individuals with the ability to actively curb carbon emissions, fostering collective efforts towards global pollution reduction goals.

Keywords: CO 2 emissions; carbon allowance; IoT devices; pollution reduction; sustainability; blockchain (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2024
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