IDEAS home Printed from https://ideas.repec.org/a/gam/jeners/v16y2023i6p2606-d1092868.html
   My bibliography  Save this article

Research on Carbon-Trading Model of Urban Public Transport Based on Blockchain Technology

Author

Listed:
  • Xiangyang Yu

    (School of Electrical Engineering, Xinjiang University, Urumqi 830017, China)

  • Xiaojing Wang

    (School of Electrical Engineering, Xinjiang University, Urumqi 830017, China)

Abstract

With the realization of the “dual carbon” goal, urban public transport with an increasing proportion of new energy vehicles will become the key subject to achieve the carbon emission reduction goal. Under the new background of deep coupling between transport networks and power grids, it is of great significance to study the carbon-trading mode of urban public transport participation in promoting the development of new energy vehicles and improving the operating efficiency and low-carbon level of the “energy-transport” system. In this paper, based on blockchain technology, a framework for urban public transportation networks to participate in carbon trading is established to solve the current problems of urban public transportation’s insufficient motivation to reduce emissions, lax operation strategy and lack of carbon-trading matching mechanisms. Finally, Hyperledger Fabric was selected as the simulation platform, and we simulated the model through the calculation example. The results show that the proposed scheme can effectively improve the operating efficiency of urban public transport and reduce its operating costs and carbon emissions. In addition, policy recommendations on carbon price, carbon quota and penalties are proposed to improve the institutional system of the carbon-trading market.

Suggested Citation

  • Xiangyang Yu & Xiaojing Wang, 2023. "Research on Carbon-Trading Model of Urban Public Transport Based on Blockchain Technology," Energies, MDPI, vol. 16(6), pages 1-21, March.
    • Handle: RePEc:gam:jeners:v:16:y:2023:i:6:p:2606-:d:1092868
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/1996-1073/16/6/2606/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/1996-1073/16/6/2606/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hany Habbak & Mohamed Baza & Mohamed M. E. A. Mahmoud & Khaled Metwally & Ahmed Mattar & Gouda I. Salama, 2022. "Privacy-Preserving Charging Coordination Scheme for Smart Power Grids Using a Blockchain," Energies, MDPI, vol. 15(23), pages 1-23, November.
    2. Luis B. Elvas & Joao C Ferreira, 2021. "Intelligent Transportation Systems for Electric Vehicles," Energies, MDPI, vol. 14(17), pages 1-9, September.
    3. Peter Howson, 2019. "Tackling climate change with blockchain," Nature Climate Change, Nature, vol. 9(9), pages 644-645, September.
    4. Shangrong Jiang & Yuze Li & Quanying Lu & Yongmiao Hong & Dabo Guan & Yu Xiong & Shouyang Wang, 2021. "Policy assessments for the carbon emission flows and sustainability of Bitcoin blockchain operation in China," Nature Communications, Nature, vol. 12(1), pages 1-10, December.
    5. Seong-Kyu Kim & Jun-Ho Huh, 2020. "Blockchain of Carbon Trading for UN Sustainable Development Goals," Sustainability, MDPI, vol. 12(10), pages 1-32, May.
    6. Han, Rong & Yu, Bi-Ying & Tang, Bao-Jun & Liao, Hua & Wei, Yi-Ming, 2017. "Carbon emissions quotas in the Chinese road transport sector: A carbon trading perspective," Energy Policy, Elsevier, vol. 106(C), pages 298-309.
    7. Sam Hartmann & Sebastian Thomas, 2020. "Applying Blockchain to the Australian Carbon Market," Economic Papers, The Economic Society of Australia, vol. 39(2), pages 133-151, June.
    8. Zhang, Tianyang & Pota, Himanshu & Chu, Chi-Cheng & Gadh, Rajit, 2018. "Real-time renewable energy incentive system for electric vehicles using prioritization and cryptocurrency," Applied Energy, Elsevier, vol. 226(C), pages 582-594.
    9. Khaqqi, Khamila Nurul & Sikorski, Janusz J. & Hadinoto, Kunn & Kraft, Markus, 2018. "Incorporating seller/buyer reputation-based system in blockchain-enabled emission trading application," Applied Energy, Elsevier, vol. 209(C), pages 8-19.
    10. Laura Tribioli & Raffaello Cozzolino & Daniele Chiappini, 2017. "Technical Assessment of Different Operating Conditions of an On-Board Autothermal Reformer for Fuel Cell Vehicles," Energies, MDPI, vol. 10(7), pages 1-17, June.
    11. Jia, Zhijie & Lin, Boqiang, 2020. "Rethinking the choice of carbon tax and carbon trading in China," Technological Forecasting and Social Change, Elsevier, vol. 159(C).
    12. Wang, Ning & Tang, Linhao & Zhang, Wenjian & Guo, Jiahui, 2019. "How to face the challenges caused by the abolishment of subsidies for electric vehicles in China?," Energy, Elsevier, vol. 166(C), pages 359-372.
    13. Changping Zhao & Juanjuan Sun & Yu Gong & Zhi Li & Peter Zhou, 2022. "Research on the Blue Carbon Trading Market System under Blockchain Technology," Energies, MDPI, vol. 15(9), pages 1-17, April.
    14. Yan Yin & Fengcai Liu & Zhen Zhang, 2021. "Carbon Emission Reduction and Coordination Strategies for New Energy Vehicle Closed-Loop Supply Chain under the Carbon Trading Policy," Complexity, Hindawi, vol. 2021, pages 1-17, July.
    15. Hua, Weiqi & Jiang, Jing & Sun, Hongjian & Wu, Jianzhong, 2020. "A blockchain based peer-to-peer trading framework integrating energy and carbon markets," Applied Energy, Elsevier, vol. 279(C).
    16. Solaymani, Saeed, 2019. "CO2 emissions patterns in 7 top carbon emitter economies: The case of transport sector," Energy, Elsevier, vol. 168(C), pages 989-1001.
    17. Abdelghani Bekrar & Abdessamad Ait El Cadi & Raca Todosijevic & Joseph Sarkis, 2021. "Digitalizing the Closing-of-the-Loop for Supply Chains: A Transportation and Blockchain Perspective," Sustainability, MDPI, vol. 13(5), pages 1-25, March.
    18. Wenxiang Li & Luqi Wang & Ye Li & Bo Liu, 2021. "A blockchain-based emissions trading system for the road transport sector: policy design and evaluation," Climate Policy, Taylor & Francis Journals, vol. 21(3), pages 337-352, March.
    19. V. K. Manupati & Tobias Schoenherr & M. Ramkumar & Stephan M. Wagner & Sai Krishna Pabba & R. Inder Raj Singh, 2020. "A blockchain-based approach for a multi-echelon sustainable supply chain," International Journal of Production Research, Taylor & Francis Journals, vol. 58(7), pages 2222-2241, April.
    20. Songyan Ren & Peng Wang & Zewei Lin & Daiqing Zhao, 2022. "The Policy Choice and Economic Assessment of High Emissions Industries to Achieve the Carbon Peak Target under Energy Shortage—A Case Study of Guangdong Province," Energies, MDPI, vol. 15(18), pages 1-22, September.
    21. Anna-Katharina Kothe & Alexander Kuptel & Roman Seidl, 2021. "Simulating Personal Carbon Trading (PCT) with an Agent-Based Model (ABM): Investigating Adaptive Reduction Rates and Path Dependence," Energies, MDPI, vol. 14(22), pages 1-15, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arsenii Vilkov & Gang Tian, 2023. "Blockchain’s Scope and Purpose in Carbon Markets: A Systematic Literature Review," Sustainability, MDPI, vol. 15(11), pages 1-27, May.
    2. Rahel Mandaroux & Chuanwen Dong & Guodong Li, 2021. "A European Emissions Trading System Powered by Distributed Ledger Technology: An Evaluation Framework," Sustainability, MDPI, vol. 13(4), pages 1-21, February.
    3. Rui Sun & Dayi He & Jingjing Yan & Li Tao, 2021. "Mechanism Analysis of Applying Blockchain Technology to Forestry Carbon Sink Projects Based on the Differential Game Model," Sustainability, MDPI, vol. 13(21), pages 1-18, October.
    4. Changping Zhao & Juanjuan Sun & Yu Gong & Zhi Li & Peter Zhou, 2022. "Research on the Blue Carbon Trading Market System under Blockchain Technology," Energies, MDPI, vol. 15(9), pages 1-17, April.
    5. Hanghang Dong & Jun Yang & Xiaoming Li & Lan Xu, 2024. "Explore the Impact Mechanism of Block Chain Technology on China's Carbon Market," Computational Economics, Springer;Society for Computational Economics, vol. 64(1), pages 105-135, July.
    6. Kuralbayeva, Karlygash, 2021. "Forest carbon offsets over a smart ledger," SocArXiv hxtkg, Center for Open Science.
    7. Chunhua Ju & Zhonghua Shen & Fuguang Bao & Pengtong Weng & Yihang Xu & Chonghuan Xu, 2022. "A Novel Credible Carbon Footprint Traceability System for Low Carbon Economy Using Blockchain Technology," IJERPH, MDPI, vol. 19(16), pages 1-16, August.
    8. Radosław Miśkiewicz & Krzysztof Matan & Jakub Karnowski, 2022. "The Role of Crypto Trading in the Economy, Renewable Energy Consumption and Ecological Degradation," Energies, MDPI, vol. 15(10), pages 1-15, May.
    9. Qin, Meng & Zhang, Xiaojing & Li, Yameng & Badarcea, Roxana Maria, 2023. "Blockchain market and green finance: The enablers of carbon neutrality in China," Energy Economics, Elsevier, vol. 118(C).
    10. Tao, Hu & Zhuang, Shan & Xue, Rui & Cao, Wei & Tian, Jinfang & Shan, Yuli, 2022. "Environmental Finance: An Interdisciplinary Review," Technological Forecasting and Social Change, Elsevier, vol. 179(C).
    11. Hamzah Khan & Tariq Masood, 2022. "Impact of Blockchain Technology on Smart Grids," Energies, MDPI, vol. 15(19), pages 1-27, September.
    12. Eduard Romulus Goean & Xavier Font & Yu Xiong & Susanne Becken & Jonathan L. Chenoweth & Lorenzo Fioramonti & James Higham & Amit Kumar Jaiswal & Jhuma Sadhukhan & Ya-Yen Sun & Horst Treiblmaier & Sen, 2024. "Using the Blockchain to Reduce Carbon Emissions in the Visitor Economy," Sustainability, MDPI, vol. 16(10), pages 1-11, May.
    13. Hua, Weiqi & Chen, Ying & Qadrdan, Meysam & Jiang, Jing & Sun, Hongjian & Wu, Jianzhong, 2022. "Applications of blockchain and artificial intelligence technologies for enabling prosumers in smart grids: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 161(C).
    14. Tang, Ling & Wang, Haohan & Li, Ling & Yang, Kaitong & Mi, Zhifu, 2020. "Quantitative models in emission trading system research: A literature review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 132(C).
    15. Haisen Wang & Gangqiang Yang & Ziyang Yue, 2023. "Breaking through ingrained beliefs: revisiting the impact of the digital economy on carbon emissions," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-13, December.
    16. Nishant Sapra & Imlak Shaikh & Ashutosh Dash, 2023. "Impact of Proof of Work (PoW)-Based Blockchain Applications on the Environment: A Systematic Review and Research Agenda," JRFM, MDPI, vol. 16(4), pages 1-29, March.
    17. Lu, Youshui & Li, Yue & Tang, Xiaojun & Cai, Bowei & Wang, Hua & Liu, Lei & Wan, Shaohua & Yu, Keping, 2022. "STRICTs: A Blockchain-enabled Smart Emission Cap Restrictive and Carbon Permit Trading System," Applied Energy, Elsevier, vol. 313(C).
    18. Li, Qingqing & Shi, Jinbo & Li, Wenxiang & Xiao, Siyun & Song, Ke & Zhang, Yongbo & Wang, Zhenqi & Gu, Jie & Liu, Bo & Lai, Xiaoming, 2024. "An efficient tool for real-time global carbon neutrality with credibility of delicacy management: A Modelx + MRV + O system," Applied Energy, Elsevier, vol. 372(C).
    19. Wang, Juan & Zheng, Junjun & Yu, Liukai & Goh, Mark & Tang, Yunying & Huang, Yongchao, 2023. "Distributed Reputation-Distance iterative auction system for Peer-To-Peer power trading," Applied Energy, Elsevier, vol. 345(C).
    20. Xiwen Fu & Shuxin Wang, 2022. "How to Promote Low-Carbon Cities with Blockchain Technology? A Blockchain-Based Low-Carbon Development Model for Chinese Cities," Sustainability, MDPI, vol. 14(20), pages 1-17, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jeners:v:16:y:2023:i:6:p:2606-:d:1092868. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.