Towards a secure trading of aviation CO₂ allowance

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 the authors 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.

• Record URL:
  • https://doi.org/10.1016/j.jairtraman.2016.02.005
• Record URL:
  • http://www.sciencedirect.com/science/article/pii/S0969699716000193
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/31005945
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Zanin, Massimiliano
  • Delibasi, Tuba Toru
  • Triana, Julio César
  • Mirchandani, Vaishali
  • Álvarez Pereira, Emilio
  • Enrich, Alberto
  • Perez, David
  • Pasaoglu, Cengiz
  • Fidanoglu, Melih
  • Koyuncu, Emre
  • Guner, Guney
  • Ozkol, Ibrahim
  • Inalhan, Gokhan
• Publication Date: 2016-9

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: pp 3-11
• Serial:
  • Journal of Air Transport Management
  • Volume: 56, Part A
  • Publisher: Elsevier
  • ISSN: 0969-6997
  • Serial URL: http://www.sciencedirect.com/science/journal/09696997

Subject/Index Terms

• TRT Terms: Air traffic; Business practices; Carbon dioxide; Emissions trading; Environmental impacts; Pollutants
• Identifier Terms: European Union
• Subject Areas: Aviation; Environment;

Filing Info

• Accession Number: 01611590
• Record Type: Publication
• Files: TRIS
• Created Date: Sep 23 2016 11:18AM