
Governing Carbon Markets with Distributed Ledger Technology
- English
- PDF
- Available on iOS & Android
Governing Carbon Markets with Distributed Ledger Technology
About this book
Carbon markets involve complex governance challenges, such as ensuring transparency of emissions, facilitating as well as recording transactions, overseeing market activity and preventing abuse. Conventionally, these have been addressed with a combination of regulatory, procedural and technical structures that impose significant burdens on market participants and administrators while remaining vulnerable to system shocks and illicit practices. Distributed Ledger Technology (DLT) has the potential to address these problems. This volume offers the first book-length exploration of how carbon markets can be governed using DLT, offering conceptual and theoretical analysis, practical case studies, and a roadmap for implementation of a DLT-based architecture in major existing and emerging carbon markets. It surveys existing expertise on distributed ledger technology, provides progress updates from industry professionals, and shows how this technology could offer a cost-effective and sustainable solution to double-counting and other governance concerns identified as major challenges in the implementation of carbon markets.
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Table of contents
- Cover
- Half-title page
- Title page
- Copyright page
- Contents
- List of Figures
- List of Tables
- Notes on Contributors
- Foreword
- Preface
- Acknowledgements
- About BCI
- Glossary
- List of Abbreviations
- 1 Understanding āDistributed Ledger Technologyā and Its Potential as a Disruptive Technology for Climate Action
- 2 Governing the Carbon Market
- 3 Potential Interaction among Artificial Intelligence, Internet of Things and Distributed Ledger Technology
- 4 Emerging Technologies and Their Applicability to Solving Challenges in the Carbon Markets: An Overview
- 5 Transition to a DLT-Supported Governance Framework
- 6 DLT and the European Union Emissions Trading System
- 7 DLT and the Voluntary Carbon Markets
- 8 The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA)
- 9 DLT and Networked Carbon Markets
- 10 Conclusions, Recommendations and a Potential Pathway for a Transition to a DLT-Based Governance for Carbon Markets
- Index