Carbon Trading with Blockchain

Andreas Richardson () and Jiahua Xu
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Andreas Richardson: Imperial College London

A chapter in Mathematical Research for Blockchain Economy, 2020, pp 105-124 from Springer

Abstract: 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.

Keywords: Blockchain; Carbon trading; ETS; Sustainability; ESG (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-53356-4_7

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DOI: 10.1007/978-3-030-53356-4_7

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