Design of Public Voluntary Carbon Market Mechanism based on Crosschain and Token Economics

Design of Public Voluntary Carbon Market Mechanism based on Crosschain and Token Economics

연구 분야: Infrastructure

학회: BSCI '22: Proceedings of the Fourth ACM International Symposium on Blockchain and Secure Critical Infrastructure

Climate change is currently a key issue of humankind. As a crucial policy tool to reach net zero targets, carbon credit mechanism has developed to over 18,000 registered projects globally since the Kyoto Protocol, but is far below the desired environmental and social impacts. This paper aims at the public sector and proposes a public carbon voluntary market mechanism that involves extensive participation of the public and contributes to public emission reduction in the modern cities. To enhance the effectiveness, a dual token economic model is established as the incentive mechanism. Additionally, a crosschain method of relaychain technology is adopted to achieve a certain degree of isolatability of different scenario operators while ensuring the system security. Finally, the logical architecture of the public voluntary carbon market integrating work flow, info communication and value stream is presented.