Leveraging blockchain technology to enhance transparency and efficiency in carbon trading markets

【Author】 Boumaiza, Ameni; Maher, Kenza

【Source】INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS

【影响因子】5.659

【Abstract】The global energy sector is undergoing a significant transformation, driven by the emergence of 'prosumers'- individuals who generate and consume energy. This shift is redefining traditional roles and is propelled by a growing demand for sustainable and renewable energy. Prosumers utilize decentralized energy sources, such as solar panels and wind turbines, enhancing energy independence by producing their own energy and selling any surplus back to the grid. However, this decentralized landscape presents challenges in accurately tracking carbon emissions and establishing equitable pricing mechanisms. In response to these challenges, we propose an innovative blockchain-based peer-to-peer (P2P) trading platform for carbon allowances. This novel approach gives prosumers a decisive influence over energy pricing, ensuring a more equitable distribution of energy resources. The blockchain framework benefits from decentralization, promoting transparency, security, and an immutable record of energy transactions and carbon emissions. To evaluate the platform's effectiveness, we will initiate a real-world pilot project within the Education City Community Housing (ECCH) to gather empirical data over one year. The pilot will involve various participants-including prosumers and traditional consumers-and will meticulously monitor energy production, consumption, and trading activities. By comparing this decentralized system with traditional energy models, we aim to assess its impact on carbon emissions, user satisfaction, and overall economic viability, paving the way for a sustainable energy future.

【Keywords】Power grid; Carbon allowance; Decentralized marketplace; Artificial intelligence; Blockchain; Sustainability; Battery storage

【发表时间】2024 NOV

【收录时间】2024-10-10

【文献类型】实验仿真

【主题类别】

区块链应用-实体经济-电力领域