Research on the blue carbon trading market system under blockchain technology
Research on the blue carbon trading market system under blockchain technology
To combat global warming, “carbon neutrality” has gradually become a consensus. Some countries have constructed domestic and regional carbon trading markets, and links to global carbon markets are receiving increasing attention. Blue carbon, an important component of nature-based solutions (NbS), has not received the attention it deserves and is still isolated from the carbon trading market. Based on summarizing the existing achievements of blockchain application in carbon trading, this paper analyzes how to make each participating body provide services in the process of blue carbon production, circulation and trading, and designs the architectural diagram of the blue carbon system under peer-to-peer (P2P) transactions based on the theoretical framework of blockchain 3.0. Utilizing the advantages of decentralization, high transparency and non-tamperability of blockchain, we can realize a highly efficient, low-cost and intelligent blue carbon trading management system. Thus, we can make the world pay more attention to the development and utilization of marine resources and increase investment in blue carbon sink projects; and promote the development of blue carbon market, enrich the carbon trading market, and help achieve “emission reduction without reduction in production”.
blockchain technology, blue carbon, blue carbon trading, carbon market, carbon neutrality
Zhao, Changping
958976ab-0639-43ac-8d25-9c36b9147a16
Sun, Juanjuan
df7eea7f-05df-46f3-a381-b83768e9836e
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Li, Zhi
95880052-2fcc-4345-807d-5fb7b216f536
Zhou, Peter
603efde8-cea6-4de0-a306-e6759bf38cdf
1 May 2022
Zhao, Changping
958976ab-0639-43ac-8d25-9c36b9147a16
Sun, Juanjuan
df7eea7f-05df-46f3-a381-b83768e9836e
Gong, Yu
86c8d37a-744d-46ab-8b43-18447ccaf39c
Li, Zhi
95880052-2fcc-4345-807d-5fb7b216f536
Zhou, Peter
603efde8-cea6-4de0-a306-e6759bf38cdf
Zhao, Changping, Sun, Juanjuan, Gong, Yu, Li, Zhi and Zhou, Peter
(2022)
Research on the blue carbon trading market system under blockchain technology.
Energies, 15 (9), [3134].
(doi:10.3390/en15093134).
Abstract
To combat global warming, “carbon neutrality” has gradually become a consensus. Some countries have constructed domestic and regional carbon trading markets, and links to global carbon markets are receiving increasing attention. Blue carbon, an important component of nature-based solutions (NbS), has not received the attention it deserves and is still isolated from the carbon trading market. Based on summarizing the existing achievements of blockchain application in carbon trading, this paper analyzes how to make each participating body provide services in the process of blue carbon production, circulation and trading, and designs the architectural diagram of the blue carbon system under peer-to-peer (P2P) transactions based on the theoretical framework of blockchain 3.0. Utilizing the advantages of decentralization, high transparency and non-tamperability of blockchain, we can realize a highly efficient, low-cost and intelligent blue carbon trading management system. Thus, we can make the world pay more attention to the development and utilization of marine resources and increase investment in blue carbon sink projects; and promote the development of blue carbon market, enrich the carbon trading market, and help achieve “emission reduction without reduction in production”.
Text
energies-15-03134
- Version of Record
More information
Accepted/In Press date: 22 April 2022
e-pub ahead of print date: 25 April 2022
Published date: 1 May 2022
Additional Information:
Funding Information:
Funding: This research was funded by the National Natural Science Foundation of China. [Grant No. 71901042].
Keywords:
blockchain technology, blue carbon, blue carbon trading, carbon market, carbon neutrality
Identifiers
Local EPrints ID: 457620
URI: http://eprints.soton.ac.uk/id/eprint/457620
ISSN: 1996-1073
PURE UUID: 7dba9f0f-34be-43ee-a662-5a159de5d9e0
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Date deposited: 14 Jun 2022 16:43
Last modified: 17 Mar 2024 03:45
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Contributors
Author:
Changping Zhao
Author:
Juanjuan Sun
Author:
Zhi Li
Author:
Peter Zhou
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