Developing the Crypto Carbon Credit on Ethereum's Blockchain

Abstract

This article proposes a decentralized solution towards capping greenhouse gas emissions by utilizing blockchain-based technology that will allow teams of academics to issue carbon credits as cryptocurrency. Ideally, these "Crypto Carbon Credits" will be issued to individuals and organizations that verifiably cap greenhouse gas emissions anywhere in the world. The issued Credits can then be sold to businesses and nations that wish to offset their greenhouse gas emissions. This will have the effect of creating a decentralized emissions market.

Keywords: carbon, credits, greenhouse, gas, climate change, cryptocurrency, ethereum, bitcoin, green, sustainable, energy

JEL Classification: A11, D01, F42