A Carbon Accounting and Trading Platform for the uk Construction Industry

Abstract

Atmospheric carbon dioxide emanating from activities associated with the construction of buildings in the UK contributes approximately 16% of the uk’s total emissions and will need to be reduced significantly to meet international agreements. Against this scenario, this paper presents a novel perspective for carbon accounting and trading that proposes the use of a platform for the uk construction industry as a possible solution. This suggestion assumes that taxation should be synchronised with phases of the entire life cycle of the building and that tax credits (or deficits) should remain an asset of the building itself. In this regard, a strategy is in place in the uk, but with gaps in how it will be implemented. To resolve these gaps, firstly, this paper explores and integrates three socio-technical components (i.e., carbon accounting, trading, and certification) that form an essential set of tools required for the management of taxes directed at property developers and construction companies. Then, it points out the need for a suite of computer-based systems to facilitate the recording of emissions information, the purchase of carbon offsets, and a way to access specialist financial services. As a result, a trading platform is conceptualised that makes use of blockchain technology as a foundation for future research.

A Study on the Implementation of Corporate Carbon Emission Accounting in the Production Process

“…At the same time, public awareness of ecological civilization and energy conservation is increasing, and the attention and requirements for carbon accounting information from various information users, such as enterprise investors, creditors, state entities, and individuals concerned about enterprises, are gradually strengthening. They understand the performance of enterprises in related aspects by understanding this information to facilitate their decision-making based on this information [33]. Therefore, the basic objective of carbon emission accounting is a fundamental key objective or the minimum requirement that the system should achieve.…”

The Effectiveness of Carbon Pricing Mechanism in Steering Financial Flows Toward Sustainable Projects

“…A study conducted by Blumberg and Sibilla indicated that the impact of carbon pricing on the financing of sustainable projects could vary depending on the particular structure and strictness of the policy. It was discovered that the effectiveness of carbon pricing mechanisms in directing financial resources towards sustainability depended on factors such as the starting point of emissions and the existence of supporting policies [20].…”

The Concept of Carbon Accounting in Manufacturing Systems and Supply Chains

“…Quantification, reporting, and management of greenhouse gas emissions arising from construction industry activities to reduce emissions and facilitate carbon trading [42].…”