Description

Renewable energy sources have become a key research focus in the field of global environmental governance. Within this context, new technical innovations seek to overcome challenges resulting from volatile renewable energy production and a lack of storage capacities. Blockchain, a distributed ledger technology using cryptography, has gained prominence as an integral component within the increasingly decentralized and digitalized global energy infrastructure. Against this background, Alexander Freier argues that the application of blockchain technologies represents a viable option to enhance the efficiency and balancing of renewable energy as well as to subsequently reduce greenhouse gas (GHG) emissions if the following three components are met: the ongoing implementation of technological advancements, an adequate global normative framework, and general trust on the part of key market actors to promote blockchain in the energy sector on a global scale. Departing from an analysis of the

Blockchain in the Energy Sector An Advancing Technology to Tackle Global Climate Change

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Paperback by Alexander Freier

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Renewable energy sources have become a key research focus in the field of global environmental governance. Within this context, new... Read more

    Publisher: ibidem-Verlag, Jessica Haunschild u Christian Schon
    Publication Date: 3/11/2024
    ISBN13: 9783838217178, 978-3838217178
    ISBN10: 3838217179

    Non Fiction , Business, Finance & Law

    Description

    Renewable energy sources have become a key research focus in the field of global environmental governance. Within this context, new technical innovations seek to overcome challenges resulting from volatile renewable energy production and a lack of storage capacities. Blockchain, a distributed ledger technology using cryptography, has gained prominence as an integral component within the increasingly decentralized and digitalized global energy infrastructure. Against this background, Alexander Freier argues that the application of blockchain technologies represents a viable option to enhance the efficiency and balancing of renewable energy as well as to subsequently reduce greenhouse gas (GHG) emissions if the following three components are met: the ongoing implementation of technological advancements, an adequate global normative framework, and general trust on the part of key market actors to promote blockchain in the energy sector on a global scale. Departing from an analysis of the

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