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

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

Department of Aeronautical Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Citation (Scopus)

Abstract

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 language	English
Title of host publication	SIDs 2014 - Proceedings of the SESAR Innovation Days
Editors	Dirk Schaefer
Publisher	EUROCONTROL
ISBN (Electronic)	9782874970771
Publication status	Published - 2014
Event	4th SESAR Innovation Days - Madrid, Spain Duration: 25 Nov 2014 → 27 Nov 2014

Publication series

Name	SIDs 2014 - Proceedings of the SESAR Innovation Days

Conference

Conference	4th SESAR Innovation Days
Country/Territory	Spain
City	Madrid
Period	25/11/14 → 27/11/14

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 12 Responsible Consumption and Production
SDG 13 Climate Action

Keywords

CO Allowance Trading
Market Auctions
Secure Multi-Party Computation

Cite this

Zaninyz, M., Perez, D., Delibasiz Toru, T., Inalhan, G., Fidanoglu, M., Pereira, E. Á., Mirchandani, V., Koyuncu, E., Ozkol, I., Enrich, A., Triana, J. C., & Paşaoʇlu, C. (2014). Enabling the aviation CO₂ allowance trading through secure market mechanisms. In D. Schaefer (Ed.), SIDs 2014 - Proceedings of the SESAR Innovation Days (SIDs 2014 - Proceedings of the SESAR Innovation Days). EUROCONTROL.

@inproceedings{19389f3c242f4f5b91555e2e0a09bdb1,

title = "Enabling the aviation CO2 allowance trading through secure market mechanisms",

abstract = "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.",

keywords = "CO Allowance Trading, Market Auctions, Secure Multi-Party Computation",

author = "Massimiliano Zaninyz and David Perez and \{Delibasiz Toru\}, Tuba and Gokhan Inalhan and Melih Fidanoglu and Pereira, \{Emilio {\'A}lvarez\} and Vaishali Mirchandani and Emre Koyuncu and Ibrahim Ozkol and Alberto Enrich and Triana, \{Julio C{\'e}sar\} and Cengiz Pa{\c s}aoʇlu",

year = "2014",

language = "English",

series = "SIDs 2014 - Proceedings of the SESAR Innovation Days",

publisher = "EUROCONTROL",

editor = "Dirk Schaefer",

booktitle = "SIDs 2014 - Proceedings of the SESAR Innovation Days",

note = "4th SESAR Innovation Days ; Conference date: 25-11-2014 Through 27-11-2014",

}

Zaninyz, M, Perez, D, Delibasiz Toru, T, Inalhan, G, Fidanoglu, M, Pereira, EÁ, Mirchandani, V, Koyuncu, E , Ozkol, I, Enrich, A, Triana, JC & Paşaoʇlu, C 2014, Enabling the aviation CO₂ allowance trading through secure market mechanisms. in D Schaefer (ed.), SIDs 2014 - Proceedings of the SESAR Innovation Days. SIDs 2014 - Proceedings of the SESAR Innovation Days, EUROCONTROL, 4th SESAR Innovation Days, Madrid, Spain, 25/11/14.

Enabling the aviation CO₂ allowance trading through secure market mechanisms. / Zaninyz, Massimiliano; Perez, David; Delibasiz Toru, Tuba et al.
SIDs 2014 - Proceedings of the SESAR Innovation Days. ed. / Dirk Schaefer. EUROCONTROL, 2014. (SIDs 2014 - Proceedings of the SESAR Innovation Days).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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AU - Perez, David

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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

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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.

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KW - Market Auctions

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