Richardson, A;
Xu, J;
(2020)
Carbon Trading with Blockchain.
Mathematical Research for Blockchain Economy. Springer Proceedings in Business and Economics. Springer, Cham
pp. 105-124.
10.1007/978-3-030-53356-4_7.
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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.
| Type: | Article |
|---|---|
| Title: | Carbon Trading with Blockchain |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1007/978-3-030-53356-4_7 |
| Publisher version: | http://dx.doi.org/10.1007/978-3-030-53356-4_7 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Blockchain, Carbon trading, ETS, Sustainability, ESG |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Computer Science |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10161963 |
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