STRICTs: A Blockchain-enabled Smart Emission Cap Restrictive and Carbon Permit Trading System

Youshui Lu; Yue Li; Xiaojun Tang; Bowei Cai; Hua Wang; Lei Liu; Shaohua Wan; Keping Yu

doi:10.1016/j.apenergy.2022.118787

STRICTs: A Blockchain-enabled Smart Emission Cap Restrictive and Carbon Permit Trading System

Youshui Lu, Yue Li, Xiaojun Tang, Bowei Cai, Hua Wang, Lei Liu, Shaohua Wan, Keping Yu^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

Abstract

As the first legally binding global agreement on climate change, the Paris Agreement aims to limit long-term global warming to less than 2 °C, preferably below 1.5 °C compared to pre-industrial levels. Road transport, as one of the primary sources of energy consumption and carbon emissions, has great potential for energy conservation and emission reduction in achieving the climate goals. However, current approaches cannot efficiently reduce road travel, making it challenging to decarbonize in the transport sector. Therefore, in this paper, we propose STRICTs, a blockchain-enabled motor vehicle restrictive and trading system based on the carbon emissions cap. STRICTs allows automated carbon emission auditing and carbon emission violation punishment without relying on third-party escrow. Through a decentralized enforcer, STRICTs also enables carbon permit trading reliably and transparently. Finally, we implement a proof-of-concept prototype of the system based on Hyperledger Fabric and conduct experiments for comprehensive performance evaluation through CO2 Emission by Vehicles dataset. The experiment results show the practically affordable performance of STRICTs.

Original language	English
Article number	118787
Journal	Applied Energy
Volume	313
DOIs	https://doi.org/10.1016/j.apenergy.2022.118787
Publication status	Published - 2022 May 1
Externally published	Yes

Keywords

Auditing
Blockchain
Carbon footprint
Carbon permit
Carbon trading
Internet of vehicles
Transportation

ASJC Scopus subject areas

Building and Construction
Mechanical Engineering
Energy(all)
Management, Monitoring, Policy and Law

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1016/j.apenergy.2022.118787

Cite this

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title = "STRICTs: A Blockchain-enabled Smart Emission Cap Restrictive and Carbon Permit Trading System",

abstract = "As the first legally binding global agreement on climate change, the Paris Agreement aims to limit long-term global warming to less than 2 °C, preferably below 1.5 °C compared to pre-industrial levels. Road transport, as one of the primary sources of energy consumption and carbon emissions, has great potential for energy conservation and emission reduction in achieving the climate goals. However, current approaches cannot efficiently reduce road travel, making it challenging to decarbonize in the transport sector. Therefore, in this paper, we propose STRICTs, a blockchain-enabled motor vehicle restrictive and trading system based on the carbon emissions cap. STRICTs allows automated carbon emission auditing and carbon emission violation punishment without relying on third-party escrow. Through a decentralized enforcer, STRICTs also enables carbon permit trading reliably and transparently. Finally, we implement a proof-of-concept prototype of the system based on Hyperledger Fabric and conduct experiments for comprehensive performance evaluation through CO2 Emission by Vehicles dataset. The experiment results show the practically affordable performance of STRICTs.",

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author = "Youshui Lu and Yue Li and Xiaojun Tang and Bowei Cai and Hua Wang and Lei Liu and Shaohua Wan and Keping Yu",

note = "Funding Information: This work was supported by the Key Research and Development Program of Shaanxi Province, China No. 2021GXLH-Z-054 and the Key R&D and Transformation Program of Qinghai Province, China No. 2021-GX-112 . Publisher Copyright: {\textcopyright} 2022 Elsevier Ltd",

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doi = "10.1016/j.apenergy.2022.118787",

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T2 - A Blockchain-enabled Smart Emission Cap Restrictive and Carbon Permit Trading System

AU - Lu, Youshui

AU - Li, Yue

AU - Tang, Xiaojun

AU - Cai, Bowei

AU - Wang, Hua

AU - Liu, Lei

AU - Wan, Shaohua

AU - Yu, Keping

N1 - Funding Information: This work was supported by the Key Research and Development Program of Shaanxi Province, China No. 2021GXLH-Z-054 and the Key R&D and Transformation Program of Qinghai Province, China No. 2021-GX-112 . Publisher Copyright: © 2022 Elsevier Ltd

PY - 2022/5/1

Y1 - 2022/5/1

N2 - As the first legally binding global agreement on climate change, the Paris Agreement aims to limit long-term global warming to less than 2 °C, preferably below 1.5 °C compared to pre-industrial levels. Road transport, as one of the primary sources of energy consumption and carbon emissions, has great potential for energy conservation and emission reduction in achieving the climate goals. However, current approaches cannot efficiently reduce road travel, making it challenging to decarbonize in the transport sector. Therefore, in this paper, we propose STRICTs, a blockchain-enabled motor vehicle restrictive and trading system based on the carbon emissions cap. STRICTs allows automated carbon emission auditing and carbon emission violation punishment without relying on third-party escrow. Through a decentralized enforcer, STRICTs also enables carbon permit trading reliably and transparently. Finally, we implement a proof-of-concept prototype of the system based on Hyperledger Fabric and conduct experiments for comprehensive performance evaluation through CO2 Emission by Vehicles dataset. The experiment results show the practically affordable performance of STRICTs.

AB - As the first legally binding global agreement on climate change, the Paris Agreement aims to limit long-term global warming to less than 2 °C, preferably below 1.5 °C compared to pre-industrial levels. Road transport, as one of the primary sources of energy consumption and carbon emissions, has great potential for energy conservation and emission reduction in achieving the climate goals. However, current approaches cannot efficiently reduce road travel, making it challenging to decarbonize in the transport sector. Therefore, in this paper, we propose STRICTs, a blockchain-enabled motor vehicle restrictive and trading system based on the carbon emissions cap. STRICTs allows automated carbon emission auditing and carbon emission violation punishment without relying on third-party escrow. Through a decentralized enforcer, STRICTs also enables carbon permit trading reliably and transparently. Finally, we implement a proof-of-concept prototype of the system based on Hyperledger Fabric and conduct experiments for comprehensive performance evaluation through CO2 Emission by Vehicles dataset. The experiment results show the practically affordable performance of STRICTs.

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KW - Blockchain

KW - Carbon footprint

KW - Carbon permit

KW - Carbon trading

KW - Internet of vehicles

KW - Transportation

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STRICTs: A Blockchain-enabled Smart Emission Cap Restrictive and Carbon Permit Trading System

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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