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Governing Carbon Markets with Distributed Ledger Technology

Governing Carbon Markets with Distributed Ledger Technology

Hardcover

General Law

ISBN10: 1108843565
ISBN13: 9781108843560
Publisher: Cambridge University Press
Published: Aug 25 2022
Pages: 218
Weight: 1.02
Height: 0.56 Width: 6.00 Depth: 9.00
Language: English
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.

Also from

Marke, Alastair

Also in

General Law