IDEAS home Printed from https://ideas.repec.org/a/alq/rufejo/rfej_2024_05_16-37.html
   My bibliography  Save this article

The Role of Digitization in the Global Carbon Market

Author

Listed:
  • Varvara Alekseyevna GRYAZNOVA

    (MGIMO University, Moscow, Russia)

  • Natalya Arkadievna PISKULOVA

    (MGIMO University, Moscow, Russia)

Abstract

Global warming is one of the major challenges of our time. To intensify the fight against it, it is necessary to redirect and expand financial flows to address this problem. This is facilitated by the growth of the carbon market, which can be significantly accelerated through the comprehensive adoption of digital technologies. The study reveals the role of digital technologies used in certain areas and at several stages of the carbon market, as well as the advantages and disadvantages of their application. Using such theoretical methods of scientific research as deduction and analysis, the characteristics of the current state of the global carbon market are given. With the help of comparison and synthesis methods, the role of individual digital technologies in the development of the carbon market in the world is revealed. The authors conclude that the comprehensive use of digital technologies may have a twofold impact on the carbon market. On the one hand, their application may stimulate the develoment of regional carbon markets by increasing the transparency, reliability, and standardization of markets, which in the future could contribute to their integration into a global market and overcoming fragmentation. On the other hand, the policy pursued by several large countries and blocs to strengthen the technological isolation of regions can further increase the fragmentation of the carbon market at the global level.

Suggested Citation

  • Varvara Alekseyevna GRYAZNOVA & Natalya Arkadievna PISKULOVA, 2024. "The Role of Digitization in the Global Carbon Market," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 5, pages 16-37, May.
    • Handle: RePEc:alq:rufejo:rfej_2024_05_16-37
    DOI: 10.24412/2072-8042-2024-5-16-37
    as

    Download full text from publisher

    File URL: http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2024_05_16-37.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.24412/2072-8042-2024-5-16-37?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    carbon market; carbon allowances; carbon credits; off sets; digital technologies; blockchain; Internet of Things; Big Data; artificial intelligence;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • L63 - Industrial Organization - - Industry Studies: Manufacturing - - - Microelectronics; Computers; Communications Equipment

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alq:rufejo:rfej_2024_05_16-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Chernyavskaya (email available below). General contact details of provider: https://edirc.repec.org/data/vavtmru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.