Enabling the aviation CO2 allowance trading through secure market mechanisms

Massimiliano Zaninyz, David Perez, Tuba Delibasiz Toru, Gokhan Inalhan, Melih Fidanoglu, Emilio Álvarez Pereira, Vaishali Mirchandani, Emre Koyuncu, Ibrahim Ozkol, Alberto Enrich, Julio César Triana, Cengiz Paşaoʇlu

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

1 Citation (Scopus)


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.

Original languageEnglish
Title of host publicationSIDs 2014 - Proceedings of the SESAR Innovation Days
EditorsDirk Schaefer
ISBN (Electronic)9782874970771
Publication statusPublished - 2014
Event4th SESAR Innovation Days - Madrid, Spain
Duration: 25 Nov 201427 Nov 2014

Publication series

NameSIDs 2014 - Proceedings of the SESAR Innovation Days


Conference4th SESAR Innovation Days


  • CO Allowance Trading
  • Market Auctions
  • Secure Multi-Party Computation


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