A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

Mandaroux, Rahel; Dong, Chuanwen; Li, G. D.

doi:10.3390/su13042106

Cited by 24 publications

(17 citation statements)

References 77 publications

(139 reference statements)

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“…В практике зарубежных стран уже применяется процедура аттестации ферм, по результатам которой ферме присваивается статус участника системы торговли квотами, что дает право продавать компенсационные квоты, освобождающие импортеров от уплаты углеродного налога (Mandaroux et al, 2021).…”

Section: предпосылки формирования рынка обращения углеродных единиц в...unclassified

Formation and Development of The Russian Market of Carbon Units

Skvortsova¹,

Tyaglov²

2022

JER

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The article examines the prerequisites for the formation of the sequestration industry in Russia, in particular by the example of the carbon units market. The main factors that influenced its formation are considered, and a comparative analysis of foreign mechanisms for reducing the carbon footprint in industrial products is also carried out: the introduction of carbon taxation and the use of market mechanisms for the circulation of carbon emission quotas. Russia has followed the second path, and already in 2022 a market infrastructure for trading carbon units was formed and tested. The article presents the results of a study of the main participants of such a market, as well as the ways and mechanisms of their interaction both when making transactions and when obtaining and confirming the official status of a participant in the carbon market. The circulation of carbon units in Russia has both common, similar to international rules and regulations, and its own specific features. Despite the fact that the circulation of carbon units is carried out through open exchange trading, all activities for their release and alienation are recorded in the unified state register under strict state control on the basis of uniform principles and rules. In addition, such a register contains complete verified information about all market participants. Transactions that have not passed such verification and registration are not allowed. All these measures are aimed, first of all, at increasing the manageability of the decarbonization processes of our country's economy and, as a result, accelerating its pace. In addition, the article discusses the prospects and key trends in the development of the carbon market in our country.

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Section: предпосылки формирования рынка обращения углеродных единиц в...unclassified

Formation and Development of The Russian Market of Carbon Units

Skvortsova¹,

Tyaglov²

2022

JER

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“…The European Emissions Trading Scheme (EU ETS) is the world's largest and first international carbon trading mandated scheme, functioning since 2005. 1 It regulates around half of Europe's total greenhouse gas (GHG) emissions and encompasses over 11,000 plants and industrial sites in 31 countries (Mandaroux et al 2021). The mechanism governs the allocation of allowances on an annual basis.…”

Section: Introductionmentioning

confidence: 99%

On the inner dynamics between Fossil fuels and the carbon market: a combination of seasonal-trend decomposition and multifractal cross-correlation analysis

Aslam

Ali

Amjad

et al. 2022

Environ Sci Pollut Res

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This study examines the inner dynamics of multifractality between the carbon market (EU ETS) and four major fossil fuel energy markets: Brent Crude Oil (BRN), Richards Bay Coal (RBC), UK Natural Gas (NGH2), and FTSE350 electricity index (FTSE350) from January 04, 2016, to March 04, 2022. First, we decompose the daily price changes by applying seasonal and trend decomposition using loess (STL). Then, we examine the inner dynamics of multifractality and cross-correlation by employing multifractal detrended fluctuation analysis (MFDFA) and multifractal detrended cross-correlation analysis (MFDCCA) using the remaining components of the return series. Our findings reveal that all series and the cross-correlations of carbon and fossil fuels markets have multifractal characteristics. We find crude oil to be the most efficient market (lowest multifractal), while coal is the least efficient (highest multifractal). Only coal shows persistent, whereas the other markets exhibit antipersistent behavior. Interestingly, the coal and EU ETS pair demonstrates a higher degree of multifractal patterns. In contrast, the pair of natural gas and EU ETS exhibits the lowest multifractal characteristics among the energy markets. Only the crude oil market shows persistent cross-correlations in the multifractality. These findings have important academic and managerial implications for investors and policymakers.

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“…In 2022, as the world faces a shift from the traditional employment model and the rapid progress of information technology development while struggling with the pandemic, the war in Ukraine and limited supplies of coal, oil and gas, the existing energy carriers will need to change. Regulations on the reduction of CO 2 emissions introduced by the European Union force numerous changes dictated by economic factors and related to environmental protection [2][3][4]. To reduce CO 2 emissions, the EU has introduced a system related to CO 2 emission allowances (ETS) [5][6][7].…”

Section: Introductionmentioning

confidence: 99%

Natural Energy Stored in Groundwater Deposits as a New Way of Obtaining Green Energy for Urban Planners, Architects and Environmentalists

Wrana

Struzik²,

Gleń

2022

Energies

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It is now highly likely that with the rise in fuel, gas and electricity prices, groundwater deposits will become the third primary source of renewable energy, alongside photovoltaic cells and wind turbines. These deposits are characterized by unlimited clean and environmentally friendly energy with constant parameters independent of the fluctuations of wind and solar energy. This paper presents innovative low-carbon solutions for converting groundwater energy into heating and cooling energy in FCH HVAC. A good example of a significant reduction in CO2 emissions achieved by this technology is a study describing the system implemented in the Integrative Sports and Recreation Center in Łomianki. New installations for the FCH technology in the abovementioned center will reduce the consumption of heating and cooling energy as well as CO2 emissions by at least 50%. The aim of this article was to present the energy from underground waters and how to use it in HVAC installations. The authors show a new direction for the use of forgotten energy that is not only available in unlimited quantities at all latitudes but also has a very small carbon footprint and can significantly reduce CO2 emissions.

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A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework

Cited by 24 publications

References 77 publications

Formation and Development of The Russian Market of Carbon Units

Formation and Development of The Russian Market of Carbon Units

On the inner dynamics between Fossil fuels and the carbon market: a combination of seasonal-trend decomposition and multifractal cross-correlation analysis

Natural Energy Stored in Groundwater Deposits as a New Way of Obtaining Green Energy for Urban Planners, Architects and Environmentalists

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