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How to Promote Low-Carbon Cities with Blockchain Technology? A Blockchain-Based Low-Carbon Development Model for Chinese Cities

Author

Listed:
  • Xiwen Fu

    (School of Public Administration, Northwest University, Xi’an 710127, China)

  • Shuxin Wang

    (School of Humanities, Shaanxi University of Technology, Hanzhong 723000, China)

Abstract

Cities are the important spaces, responsible entities and action units for achieving low-carbon and high-quality economy. Blockchain technology provides a new solution for low-carbon development in cities. Based on low-carbon information sharing, low-carbon incentives, low-carbon regulations with blockchain technology, this paper endeavors to propose a low-carbon development model for Chinese cities. The results indicate that: (1) blockchain-based governments, enterprises, city dwellers, and third-party service agencies are important stakeholders in promoting urban low-carbon development; (2) the effectiveness of the blockchain platform needs the coordination between the production and consumption systems, the equal emphasis on systemicity and long-term effectiveness, and the deep integration of government regulations and market mechanism; (3) blockchain-based information sharing instruments, incentive instruments, and regulation instruments should be applied to low-carbon development in cities; (4) blockchain technology promotes low-carbon development for cities in both direct ways and indirect ways. This study can provide a reference for the urban sustainable development in China and other countries.

Suggested Citation

  • Xiwen Fu & Shuxin Wang, 2022. "How to Promote Low-Carbon Cities with Blockchain Technology? A Blockchain-Based Low-Carbon Development Model for Chinese Cities," Sustainability, MDPI, vol. 14(20), pages 1-17, October.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:20:p:13271-:d:943271
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