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Distributed ledger technology has the potential to offer ground-breaking innovations for carbon trading, but requires consideration of the underlying legal and institutional framework. This book provides an overview of existing approaches and proposals to enable effective use of DLT for carbon markets.
List of contents
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.
About the author
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.
Summary
Distributed ledger technology has the potential to offer ground-breaking innovations for carbon trading, but requires consideration of the underlying legal and institutional framework. This book provides an overview of existing approaches and proposals to enable effective use of DLT for carbon markets.
Foreword
A practical legal analysis of how distributed ledger technology can help achieve sustainable and cost-effective outcomes in carbon markets.
