Cryptology ePrint Archive: Report 2020/1476
Carbon Trading with Blockchain
Andreas Richardson and Jiahua Xu
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.
Category / Keywords: applications / Blockchain, Carbon trading, ETS, Sustainability, ESG
Original Publication (in the same form): Mathematical Research for Blockchain Economy
DOI: 10.1007/978-3-030-53356-4_7
Date: received 24 Nov 2020
Contact author: jiahua xu at ucl ac uk
Available format(s): PDF | BibTeX Citation
Version: 20201124:113452 (All versions of this report)
Short URL: ia.cr/2020/1476
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