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Towards a secure trading of aviation CO2 allowance

Author

Listed:
  • Zanin, Massimiliano
  • Delibasi, Tuba Toru
  • Triana, Julio César
  • Mirchandani, Vaishali
  • Ã lvarez Pereira, Emilio
  • Enrich, Alberto
  • Perez, David
  • PaÅŸaoÄŸlu, Cengiz
  • Fidanoglu, Melih
  • Koyuncu, Emre
  • Guner, Guney
  • Ozkol, Ibrahim
  • Inalhan, Gokhan

Abstract

The growth of world air traffic has been accompanied by a significant increase of its environmental impact, including CO2 emissions, which has forced the European Union to include aviation in its Emission Trading Scheme (EU ETS). The EU ETS is a market-based mechanism that obliges airlines to buy or sell carbon permits, thus forcing them to share confidential information with their competitors in an auction-based market. Disclosure of confidential information will be one of the main barriers for the ETS adoption. In this contribution we describe the design and implementation of a Secure Multi-party Computation framework, capable of overcoming these barriers. The framework runs as an online, cloud-based computational service for performing CO2 trading securely without the need of sharing business information. Benefits and limitations of the proposed approach are discussed, as well as the challenges to be overcome towards an operational implementation.

Suggested Citation

  • Zanin, Massimiliano & Delibasi, Tuba Toru & Triana, Julio César & Mirchandani, Vaishali & à lvarez Pereira, Emilio & Enrich, Alberto & Perez, David & PaÅŸaoÄŸlu, Cengiz & Fidanoglu, Melih & Koyuncu, , 2016. "Towards a secure trading of aviation CO2 allowance," Journal of Air Transport Management, Elsevier, vol. 56(PA), pages 3-11.
    • Handle: RePEc:eee:jaitra:v:56:y:2016:i:pa:p:3-11
    DOI: 10.1016/j.jairtraman.2016.02.005
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    References listed on IDEAS

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    1. Brueckner, Jan K. & Zhang, Anming, 2010. "Airline emission charges: Effects on airfares, service quality, and aircraft design," Transportation Research Part B: Methodological, Elsevier, vol. 44(8-9), pages 960-971, September.
    2. Albers, Sascha & Bühne, Jan-André & Peters, Heiko, 2009. "Will the EU-ETS instigate airline network reconfigurations?," Journal of Air Transport Management, Elsevier, vol. 15(1), pages 1-6.
    3. Vespermann, Jan & Wald, Andreas, 2011. "Much Ado about Nothing? – An analysis of economic impacts and ecologic effects of the EU-emission trading scheme in the aviation industry," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(10), pages 1066-1076.
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    Cited by:

    1. Scheelhaase, Janina & Maertens, Sven & Grimme, Wolfgang & Jung, Martin, 2018. "EU ETS versus CORSIA – A critical assessment of two approaches to limit air transport's CO2 emissions by market-based measures," Journal of Air Transport Management, Elsevier, vol. 67(C), pages 55-62.
    2. Lee, Kuen-Chang & Tsai, Wen-Hsien & Yang, Chih-Hao & Lin, Ya-Zhi, 2018. "An MCDM approach for selecting green aviation fleet program management strategies under multi-resource limitations," Journal of Air Transport Management, Elsevier, vol. 68(C), pages 76-85.
    3. Scheelhaase, Janina D., 2019. "How to regulate aviation's full climate impact as intended by the EU council from 2020 onwards," Journal of Air Transport Management, Elsevier, vol. 75(C), pages 68-74.

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