TY - GEN
T1 - Enabling the aviation CO2 allowance trading through secure market mechanisms
AU - Zaninyz, Massimiliano
AU - Perez, David
AU - Delibasiz Toru, Tuba
AU - Inalhan, Gokhan
AU - Fidanoglu, Melih
AU - Pereira, Emilio Álvarez
AU - Mirchandani, Vaishali
AU - Koyuncu, Emre
AU - Ozkol, Ibrahim
AU - Enrich, Alberto
AU - Triana, Julio César
AU - Paşaoʇlu, Cengiz
PY - 2014
Y1 - 2014
N2 - 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 supply or demand carbon permits, thus forcing them to share confidential information with their competitors in an auction-based market. In this contribution, we propose the use of a Secure Multi-Party Computation framework, which allows airlines to buy and sell emission rights without disclosing confidential information. After introducing the basics of this family of cryptographic techniques, we describe a computational platform for performing secure CO2 trading, and analyse the expected benefits for the involved stakeholders.
AB - 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 supply or demand carbon permits, thus forcing them to share confidential information with their competitors in an auction-based market. In this contribution, we propose the use of a Secure Multi-Party Computation framework, which allows airlines to buy and sell emission rights without disclosing confidential information. After introducing the basics of this family of cryptographic techniques, we describe a computational platform for performing secure CO2 trading, and analyse the expected benefits for the involved stakeholders.
KW - CO Allowance Trading
KW - Market Auctions
KW - Secure Multi-Party Computation
UR - http://www.scopus.com/inward/record.url?scp=85042340462&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:85042340462
T3 - SIDs 2014 - Proceedings of the SESAR Innovation Days
BT - SIDs 2014 - Proceedings of the SESAR Innovation Days
A2 - Schaefer, Dirk
PB - EUROCONTROL
T2 - 4th SESAR Innovation Days
Y2 - 25 November 2014 through 27 November 2014
ER -