Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
Series Vol. 50 , 01 December 2023
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Access | Article
Development of the Carbon Trading Market Empowered by Blockchain Characteristics
* Author to whom correspondence should be addressed.
Abstract
The 'double carbon' goal refers to China's commitment to reach peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. However, achieving a low-carbon transformation requires more innovative technologies to support it. The concept of blockchain is one of them. Blockchain technology has characteristics such characteristics and advantages are also applied to achieving carbon emission goals. In order to integrate blockchain technology into the governance of the double carbon goal, it is necessary to understand the blockchain technology and the double carbon field, which poses significant regional barriers to research. At present, most research is based on the practice of the double carbon goal, including the impact of the carbon market on the double carbon goal. In this article, the authors analyzed the impact of blockchain characteristics on the carbon market (including carbon emissions and carbon offset systems). Through its numerous strengths, blockchain technology has the potential to offer robust technical backing for the carbon trading market, thereby fostering its swift growth and innovation.
Keywords
blockchain, carbon trading market, double carbon
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
- ISBN (Print)
- 978-1-83558-147-6
- ISBN (Online)
- 978-1-83558-148-3
- Published Date
- 01 December 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/50/20230562
- Copyright
- 01 December 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited