This study explores the potential of blockchain technology and digital solutions to support the implementation of European Union (EU) climate policies by the European Commission. The main objective is to identify EU climate policies that can benefit from distributed ledger technologies (DLT) and digital tools.
The study comprises three tasks:
- Climate Policy Mapping and Scoping: This task involves collecting data to understand EU climate policies, analyzing existing use cases, and assessing how DLT can enhance these policies based on specific criteria.
- Case Studies on DLT Implementation: Task 2 thoroughly examines selected policy options, evaluating the prerequisites for integrating DLT and discussing potential outcomes.
- Recommendations on DLT and Digital Technologies: Task 3 presents the analysis results, outlines implementation strategies, and provides general recommendations for incorporating DLT into EU climate actions, and provides estimates of their range of time and costs required for their implementation.
The study evaluates the advantages and disadvantages of deploying DLT in EU climate policies, covering aspects such as disintermediation, stakeholder adoption, record-keeping, technological readiness, and interoperability. It also explores the potential impact of DLT on specific climate policies, including Carbon Removal Certification, Ozone-Depleting Substances, and F-Gas.
Source: European Commission