Tracking and charging negative emissions with blockchain
Blockchain can be used to track and charge for negative emissions. Negative externality refers to the situation where the decision or actions of one economic agent affect the decisions of other economic agents. For example, if environmental pollution progresses as a result of one's economic activities, it falls under this category. In this context, Carbon pricing becomes relevant. What level of pollution in the air can be considered appropriate for emission trading? Environmental protectors can purchase Clean Air Credits, and if environmental polluters cause negative externalities on shared resources, they can be made to pay for it.
Have you heard of The Tragedy of the Commons? Imagine a situation where cattle and grazing land are fully recorded and priced through blockchain contracts.