IDEAS home Printed from https://ideas.repec.org/a/wly/syseng/v18y2015i2p115-130.html

Bitcoin‐Based Decentralized Carbon Emissions Trading Infrastructure Model

Author

Listed:
  • Enas Al Kawasmi
  • Edin Arnautovic
  • Davor Svetinovic

Abstract

This paper presents a system‐of‐systems architecture model for a Decentralized Carbon Emissions Trading Infrastructure (D‐CETI) with focus on privacy and system security goals. The structure and behavior are implemented as a solution to the problem of trading carbon emissions anonymously among the trading agents. Privacy and security of the trading agents and their carbon credits are the main requirements behind the architecture of D‐CETI. The decentralized structure of multiple systems and distributed behavior are the two main features of D‐CETI that distinguish it from the traditional carbon trading schemes and protocols. D‐CETI is based on Bitcoin, a peer‐to‐peer digital currency with no central authority, and Open Transactions, a system that simplifies the use of cryptography in financial transactions. The architecture of D‐CETI is evaluated and compared with the architecture of five other carbon emissions trading platforms.

Suggested Citation

  • Enas Al Kawasmi & Edin Arnautovic & Davor Svetinovic, 2015. "Bitcoin‐Based Decentralized Carbon Emissions Trading Infrastructure Model," Systems Engineering, John Wiley & Sons, vol. 18(2), pages 115-130, March.
    • Handle: RePEc:wly:syseng:v:18:y:2015:i:2:p:115-130
    DOI: 10.1002/sys.21291
    as

    Download full text from publisher

    File URL: https://doi.org/10.1002/sys.21291
    Download Restriction: no
    File URL: https://libkey.io/10.1002/sys.21291?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
    ---><---

    References listed on IDEAS

    as
    1. Matthias Jonas & Thomas White & Gregg Marland & Daniel Lieberman & Zbigniew Nahorski & Sten Nilsson, 2010. "Dealing with Uncertainty in GHG Inventories: How to Go About It?," Lecture Notes in Economics and Mathematical Systems, in: Kurt Marti & Yuri Ermoliev & Marek Makowski (ed.), Coping with Uncertainty, chapter 0, pages 229-245, Springer.
    2. Davor Svetinovic, 2013. "Strategic requirements engineering for complex sustainable systems," Systems Engineering, John Wiley & Sons, vol. 16(2), pages 165-174, June.
    3. Kruger, Joseph & Oates, Wallace E. & Pizer, William A., 2007. "Decentralization in the EU Emissions Trading Scheme and Lessons for Global Policy," RFF Working Paper Series dp-07-02, Resources for the Future.
    4. David Malueg & Andrew Yates, 2009. "Strategic Behavior, Private Information, and Decentralization in the European Union Emissions Trading System," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 43(3), pages 413-432, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Keswani Mehra, Meeta & Mukherjee, Saptarshi & Dutta, Monica, 2012. "Toward a framework for implementation of climate change treaty through self-enforcing mechanisms," MPRA Paper 36286, University Library of Munich, Germany.
    2. Woodward, Richard T., 2011. "Double-dipping in environmental markets," Journal of Environmental Economics and Management, Elsevier, vol. 61(2), pages 153-169, March.
    3. Sailian Xia & Daming You & Zhihua Tang & Bo Yang, 2021. "Analysis of the Spatial Effect of Fiscal Decentralization and Environmental Decentralization on Carbon Emissions under the Pressure of Officials’ Promotion," Energies, MDPI, vol. 14(7), pages 1-21, March.
    4. Fabio Antoniou & Efthymia Kyriakopoulou, 2019. "On the Strategic Effect of International Permits Trading on Local Pollution," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 74(3), pages 1299-1329, November.
    5. Nikos Tsakiris & Panos Hatzipanayotou & Michael S. Michael, 2017. "Welfare Ranking of Environmental Policies in the Presence of Capital Mobility and Cross‐Border Pollution," Southern Economic Journal, John Wiley & Sons, vol. 84(1), pages 317-336, July.
    6. Schwerhoff, Gregor, 2013. "Leadership and International Climate Cooperation," Climate Change and Sustainable Development 162380, Fondazione Eni Enrico Mattei (FEEM).
    7. Millimet, Daniel L., 2013. "Environmental Federalism: A Survey of the Empirical Literature," IZA Discussion Papers 7831, IZA Network @ LISER.
    8. Alejandro Salado & Roshanak Nilchiani, 2015. "Adaptive Requirements Prioritization (ARP): Improving Decisions between Conflicting Requirements," Systems Engineering, John Wiley & Sons, vol. 18(5), pages 472-490, October.
    9. Selamawit Woldeamlak & Ali Diabat & Davor Svetinovic, 2016. "Goal‐Oriented Requirements Engineering for Research‐Intensive Complex Systems: A Case Study," Systems Engineering, John Wiley & Sons, vol. 19(4), pages 322-333, July.
    10. Halkos, George, 2014. "The Economics of Climate Change Policy: Critical review and future policy directions," MPRA Paper 56841, University Library of Munich, Germany.
    11. Tol, Richard S.J., 2009. "Intra-union flexibility of non-ETS emission reduction obligations in the European Union," Energy Policy, Elsevier, vol. 37(5), pages 1745-1752, May.
    12. Matthew Ranson & Robert N. Stavins, 2025. "Post-Durban Climate Policy Architecture Based on Linkage of Cap-and-Trade Systems," World Scientific Book Chapters, in: Economics of Environment, Climate Change, and Wine Selected Papers of Robert N Stavins Volume 3 (2011–2023), chapter 20, pages 515-554, World Scientific Publishing Co. Pte. Ltd..
    13. Julien Chevallier, 2012. "Banking And Borrowing In The Eu Ets: A Review Of Economic Modelling, Current Provisions And Prospects For Future Design," Journal of Economic Surveys, Wiley Blackwell, vol. 26(1), pages 157-176, February.
    14. Bouwe R. Dijkstra & Edward Manderson & Tae-Yeoun Lee, 2008. "Partial International Emission Trading," Discussion Papers 08/27, University of Nottingham, GEP.
    15. Battisti, Michele & Delgado, Michael S. & Parmeter, Christopher F., 2015. "Evolution of the global distribution of carbon dioxide: A finite mixture analysis," Resource and Energy Economics, Elsevier, vol. 42(C), pages 31-52.
    16. Kalaitzoglou, Iordanis & Ibrahim, Boulis Maher, 2013. "Trading patterns in the European carbon market: The role of trading intensity and OTC transactions," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 402-416.
    17. Yu, Haisan, 2010. "The EU ETS and Firm Profits: An Ex-post Analysis for Swedish Energy Firms," Working Paper Series 2011:2, Uppsala University, Department of Economics.
    18. Khrystyna Boychuk & Rostyslav Bun, 2014. "Regional spatial inventories (cadastres) of GHG emissions in the Energy sector: Accounting for uncertainty," Climatic Change, Springer, vol. 124(3), pages 561-574, June.
    19. Ma-Lin Song & Wei Zhang & Xiao-Ming Qiu, 2015. "Emissions trading system and supporting policies under an emissions reduction framework," Annals of Operations Research, Springer, vol. 228(1), pages 125-134, May.
    20. Alessio D’Amato & Edilio Valentini, 2011. "Enforcement and environmental quality in a decentralized emission trading system," Journal of Regulatory Economics, Springer, vol. 40(2), pages 141-159, October.

    More about this item

    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:wly:syseng:v:18:y:2015:i:2:p:115-130. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Wiley Content Delivery (email available below). General contact details of provider: https://doi.org/10.1002/(ISSN)1520-6858 .

    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.