Governing Carbon Markets with Distributed Ledger Technology

Inbunden, Engelska, 2022

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Beskrivning

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.

Produktinformation

Utgivningsdatum:2022-08-25
Mått:158 x 235 x 17 mm
Vikt:460 g
Format:Inbunden
Språk:Engelska
Antal sidor:218
Förlag:Cambridge University Press
ISBN:9781108843560

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Mer om författaren

Alastair Marke is the Director-General of the Blockchain & Climate Institute (BCI). He is an expert supporting the drafting of the ISO 14097 climate finance standard and a UK representative on the ISO 22739 blockchain and distributed ledger technologies standard (use case, smart contract and governance) working groups. He has also edited another pioneering book in this field – Transforming Climate Finance & Investments with Blockchains. Michael Mehling is a Professor at the University of Strathclyde Law School and Deputy Director of the Center for Energy and Environmental Policy Research at the Massachusetts Institute of Technology (MIT). He is a Member of the Advisory Board of the Blockchain and Climate Institute. Fabiano de Andrade Correa is the Director of Legal Research at the Blockchain and Climate Institute Secretariat. He is a lawyer and international consultant with over 15 years of experience across the private, public and international sectors, and serves as Deputy Chair of the Climate Change Law Specialists Group within the IUCN World Commission on Environmental Law.

Recensioner i media

'A carefully researched book on carbon market mechanisms that builds on two separate research themes of legal-institutional design and emerging technologies in addressing the underlying regulatory and institutional implications. The book offers innovative and ingenious analysis by combining the two themes with practical conclusions and recommendations. Governing Carbon Markets with Distributed Ledger Technology discusses the crypto-legal structure that can support the decentralization of carbon market governance.' Satya S. Tripathi, Secretary-General, Global Alliance for a Sustainable Planet; former United Nations Assistant Secretary General (UNEP)

Innehållsförteckning

1. Understanding 'Distributed Ledger Technology' and its potential as a disruptive technology for climate action Alastair Marke; 2. Governing the Carbon Market Michael A. Mehling; 3. Potential interaction between Artificial Intelligence, Internet of Things and DLT Dessa-nin Ewèdew Awesso, Marco Zolla, and Alastair Marke; 4. Emerging technologies and their applicability to solve challenges in the carbon markets: An overview Alastair Marke, Max Inglis, and Constantine Markides; 5. Transition to a DLT-supported governance framework Clare Reynolds and Nicola Massella; 6. DLT and the European Emissions Trading System Marco Zolla, Alastair Marke, and Michael Mehling; 7. DLT and the Voluntary Carbon Market Nicholas Scott, Sai Nellore, and Alastair Marke; 8. The Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) Dessa-nin Ewèdew Awesso; 9. DLT and Networked Carbon Markets Justin D. Macinante; 10. Conclusions, recommendations and a potential pathway for a transition to a DLT based governance for carbon markets Michael Mehling, Alastair Marke, Fabiano de Andrade Correa, and Constantine Markides; Index.