Blockchain’s Potential for Promoting Sustainability through Market-Based Schemes: An Analysis from the Brazilian and Mexican Regulatory Perspectives

This paper is one of four in a series that reviews the potential application of blockchain technology in market-based instruments to improve transparency and, consequently, sustainability in the energy value chain in several jurisdictions. The research in these four papers underpins “Blockchain for Governance of Sustainability Transparency in the Global Energy Value Chain” which can be found at: https://ssrn.com/abstract=3236753. In this paper, the author considers the legal and regulatory frameworks for Brazil and Mexico. From a regulation and policy perspective, the author explores challenges and possibilities for the use of blockchain technology for market based instruments for sustainability, specifically emissions trading, product labelling, green certificates and direct electricity trading.