Engineering Commons^™

Making Tradable White Certificates Trustworthy, Anonymous, And Efficient Using Blockchains, Nouman Ashraf, Sachin Sharma, Sheraz Aslam, Khursheed Aurangzeb

Articles

Fossil fuel pollution has contributed to dramatic changes in the Earth’s climate, and this trend will continue as fossil fuels are burned at an ever-increasing rate. Many countries around the world are currently making efforts to reduce greenhouse gas emissions, and one of the methods is the Tradable White Certificate (TWC) mechanism. The mechanism allows organizations to reduce their energy consumption to generate energy savings certificates, and those that achieve greater energy savings can sell their certificates to those that fall short. However, there are some challenges to implementing this mechanism, such as the centralized and costly verification and control …