Using Blockchain to Support the Energy Transition and Climate Markets : Results and Lessons from a Pilot Project in Chile

Countries can achieve a successful energy transition and participate effectively in the climate market by applying available knowledge, good practices, and lessons learned. This paper provides an example of how blockchain technology contribute to t...

Full description

Bibliographic Details
Main Author: World Bank
Format: Report
Language:English
Published: World Bank, Washington, DC 2021
Subjects:
Online Access:http://documents.worldbank.org/curated/en/362831617169009719/Using-Blockchain-to-Support-the-Energy-Transition-and-Climate-Markets-Results-and-Lessons-from-a-Pilot-Project-in-Chile
http://hdl.handle.net/10986/35371
Description
Summary:Countries can achieve a successful energy transition and participate effectively in the climate market by applying available knowledge, good practices, and lessons learned. This paper provides an example of how blockchain technology contribute to these goals by linking energy and climate sectors, businesses, and customers. It assesses a pilot blockchain project undertaken in Chile to support distributed generation and carbon markets. Recommendations for scaling up innovative technologies to advance clean energy and climate change mitigation agendas are adduced.