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Governing Carbon Markets with Distributed Ledger Technology (Hardcover)
Loot Price: R2,803
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Governing Carbon Markets with Distributed Ledger Technology (Hardcover)
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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.
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