Design of A Double-blockchain Structured Carbon Emission Trading Scheme with Reputation

Liang, Xufeng; Du, Yuhao; Wang, Xu; Zeng, Yuliang

doi:10.1109/yac.2019.8787720

Cited by 13 publications

(6 citation statements)

References 7 publications

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“…[9] USA (2015) X S. Saraji [20] USA (2021) X X X X X X J. King [22] UK (2018) X X X X X K. Skene [21] USA (2017) x X M. Swan [23] USA (2015) X M. Crosby [24] USA (2016) X G. Greenspan [3] USA (2015) X S. Nakamoto [25] USA (2008) X X. Liang [26] China (2019) X X X X L. Pigeolet [27] BRZ (2019) X X X X F. Casino [28] USA (2019) X X K. Khaqqi [29] SING (2018) X X X X S. Zhao [30] UK (2019) X O. Sabbaghi [11] USA (2013) X L. Eyraud [13] -(2013) X B. Zhang [8] -(2013) X X X PWC [12] USA (2021) X X SPG Global [17] USA (2021) X X Argus Media [19] -(2021) X X X X McKinsey [18] USA (2021) X X X X X. Meegan [31] USA (2010…”

Section: Problem Statement and Critical Importancementioning

confidence: 99%

“…By operating on the blockchain, data is cryptographically secured, meaning that changes to one block of data will need the approval of others, thereby minimising security risks associated with the ecosystem [26]. Users are also protected through the trust-less public/private key mechanism, which will minimise fraudulent use of personal data and funds by unauthorised parties.…”

Section: Securitymentioning

confidence: 99%

See 1 more Smart Citation

EnviroCoin: A Holistic, Blockchain Empowered, Consensus-Based Carbon Saving Unit Ecosystem

Shokri¹,

Shokri²,

White³

et al. 2022

Sustainability

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The capacity of the greenhouse gas recycling mechanism in nature has long reached its limit, resulting in a sharply increasing trend in the marginal cost of recycling one unit of human-produced carbon and other greenhouse gas emissions. Externalities associated with the marginal cost of greenhouse gas emissions affect health, climate, and the economy, which have urged global authorities and governments to request urgent actions to slow down the production of such pollutants. Nonetheless, without public awareness and a holistic mechanism to monetise the impact of pollutants, a universal strategy to reduce greenhouse gas emissions is condemned to failure. This paper presents an overview of emerging technologies that can come together to offer an innovative solution for monetising, incentivising and realising the reduction of greenhouse gas emissions. Through a brief review of the literature, an innovative ecosystem is proposed for the first time, accounting for a unified platform for carbon verification, validation and monetisation, which can be adopted as a business model to validate and monetise the amount of incentivising businesses and people for carbon saving on a decentralised blockchain platform.

show abstract

Section: Problem Statement and Critical Importancementioning

confidence: 99%

Section: Securitymentioning

confidence: 99%

EnviroCoin: A Holistic, Blockchain Empowered, Consensus-Based Carbon Saving Unit Ecosystem

Shokri¹,

Shokri²,

White³

et al. 2022

Sustainability

View full text Add to dashboard Cite

show abstract

“…They claim that the purchase of carbon allowances constitutes a part of the energy costs, and an efficient decentralized trading platform is therefore required to enable prosumers to trade energy and carbon allowances together. To further enhance the carbon emissions trading system, a blockchain-based reputation system is proposed [43,44], where participants can promote their reputation by increasing investments in emission reduction or others indicating their emission reduction efforts. Khaqqi et al [43] expect that the participants will have stronger incentives to set higher permit prices in order to compensate for their costly emission reduction strategy such that the carbon price will increase without extra supply shortage or the establishment of a price floor.…”

Section: Related Literaturementioning

confidence: 99%

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

Mandaroux

Dong

Li³

2021

Sustainability

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The European Union Emissions Trading System (EU ETS) is a major pillar of the European energy policy to reduce greenhouse gas emissions. However, the reportedly pervasive frauds in this market are constraining the beneficial role of the EU ETS. In this conceptual paper, we propose to digitalize the EU ETS by distributed ledger technology (DLT), enabling the verification of authenticity and provenance, proof of ownership, and lifecycle traceability of carbon certificates and assets. Our platform allows verifiable credentials to validate emission allowances, real-time tracking of trading participants’ emissions, and the audit trail reporting of the decentralized trading records. Furthermore, we complement the DLT application concept with a structured interdisciplinary evaluation framework. Our framework and analysis aim to stimulate further interdisciplinary research in this area to support regulators, such as the European Commission, in designing effective digital emissions trading systems.

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“…The above characteristics have the potential to be widely used in carbon quota trading and auditing [2] . At present, most of the block chain-enabled carbon emissions work is devoted to carbon trading [3,4,5] or carbon emission audit [6,7,8,9] alone; Audit of privacy requires unencrypted data 6 , which makes the privacy of the entire public system seriously threatened when a single device is breached. In summary, data privacy and system security are two important issues that must be addressed in carbon emissions trading and auditing activities.…”

Section: Introductionmentioning

confidence: 99%

A privacy preserving carbon quota trading and auditing method

Huo,

Li,

Wang

et al. 2024

Third International Conference on Algorithms, Microchips, and Network Applications (AMNA 2024)

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Design of A Double-blockchain Structured Carbon Emission Trading Scheme with Reputation

Cited by 13 publications

References 7 publications

EnviroCoin: A Holistic, Blockchain Empowered, Consensus-Based Carbon Saving Unit Ecosystem

EnviroCoin: A Holistic, Blockchain Empowered, Consensus-Based Carbon Saving Unit Ecosystem

A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

A privacy preserving carbon quota trading and auditing method

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