气候变化领域集成服务门户(CCPortal): A blockchain-based emissions trading system for the road transport sector: policy design and evaluation

CCPortal

DOI	10.1080/14693062.2020.1851641
	A blockchain-based emissions trading system for the road transport sector: policy design and evaluation
	Li W.; Wang L.; Li Y.; Liu B.
发表日期	2021
ISSN	1469-3062
起始页码	1127
结束页码	1140
卷号	21 期号:3
英文摘要	Emissions trading is a cost-effective climate policy for reducing greenhouse gas emissions. It could also be useful for addressing road transport emissions, especially given that this sector is the largest CO2 emitter in the transportation sector and its emissions continue to increase. However, emissions trading for road transport (ETS-RT) has rarely been implemented due to its complexity. This paper designs a novel and practical policy framework for an ETS-RT based on advanced blockchain technology, including all related entities upstream, midstream and downstream of the road transport sector. First, the government determines the cap and allocates the initial permits. Then, fuel producers, vehicle manufacturers, and vehicle users are involved as regulated entities with tradable emission permits. They are responsible for the three determinants of CO2 emissions in the road transport sector: fuel emission factors, vehicle fuel economy, and vehicle miles travelled, respectively. With all the regulated entities collaborating on compliance, the three determinants can be synergistically optimized so that the efficiency of the emissions abatement can be maximized. In addition, all trading, monitoring, reporting, and verification of the emission permits are automatically executed and recorded via a smart contract deployed on a decentralized blockchain. This approach can dramatically reduce administrative costs, improve transparency and traceability, and eliminate double counting and fraud. Finally, the proposed policy was evaluated using a multicriteria analysis method compared with other possible ETS-RT approaches. Key policy insights Fuel producers, vehicle manufacturers, and vehicle users–who are respectively responsible for fuel emission factors, vehicle fuel economy and vehicle miles travelled–should be synergistically regulated in an ETS-RT to maximize the efficiency of emissions abatement. This can be enabled by advanced blockchain technology, which can eliminate the need for a central authority, while enhancing transparency, traceability and cost-effectiveness. Blockchain technology could also be useful for monitoring, reporting and verification under the Paris Agreement. A blockchain-based ETS-RT is found to outperform other forms of ETS on criteria of acceptability, feasibility and environmental performance. © 2020 Informa UK Limited, trading as Taylor & Francis Group.
英文关键词	blockchain; climate policy; Emissions trading system; road transport; smart contract
来源期刊	CLIMATE POLICY
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/183677
作者单位	Business School, University of Shanghai for Science and Technology, Shanghai, China; School of Civil and Transportation Engineering, Guangdong University of Technology, Guangzhou, China; College of Transportation Engineering, Tongji University, The Key Laboratory of Road and Traffic Engineering, Ministry of Education, Shanghai, China
推荐引用方式 GB/T 7714	Li W.,Wang L.,Li Y.,et al. A blockchain-based emissions trading system for the road transport sector: policy design and evaluation[J],2021,21(3).
APA	Li W.,Wang L.,Li Y.,&Liu B..(2021).A blockchain-based emissions trading system for the road transport sector: policy design and evaluation.CLIMATE POLICY,21(3).
MLA	Li W.,et al."A blockchain-based emissions trading system for the road transport sector: policy design and evaluation".CLIMATE POLICY 21.3(2021).