Blockchain has the potential to accelerate the deployment of emissions
trading systems (ETS) worldwide and improve upon the efficiency of existing
systems. In this paper, we present a model for a permissioned blockchain
implementation based on the successful European Union (EU) ETS and discuss its
potential advantages over existing technology. We propose an ETS model that is
both backwards compatible and future-proof, characterised by
interconnectedness, transparency, tamper-resistance and high liquidity.
Further, we identify key challenges to implementation of a blockchain ETS, as
well as areas of future work required to enable a fully-decentralised
blockchain ETS