Development of the Carbon Trading Market Empowered by Blockchain Characteristics
Wenxue Li, Jingyi Liu, Jiajie Rui · Advances in Economics Management and Political Sciences · 2023
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.