A Decentralized Incentive Compatible Financing Model for Reducing Demand-Side Carbon Emissions
Stuart School of Business research presentation by: Associate Professor of Environmental Management Nasrin Khalili; Associate Professor of Finance Sang Baum Kang; and Lanh Nguyen, Stuart Ph.D. student
A Decentralized Incentive Compatible Financing Model for Reducing Demand-Side Carbon Emissions
- Associate Professor of Environmental Management Nasrin Khalili
- Associate Professor of Finance Sang Baum "Solomon" Kang
- Lanh Nguyen, Stuart Ph.D. student
Abstract:
This paper suggests a model for optimizing carbon footprints one person at a time through the decentralization of electricity use. Our model describes steps involved with developing a decentralized system considering electricity as a “credit product.” The model, involved with familiar societal financial systems’ rules and routines, is proposed for achieving a resilient, sustainable, and prosperous future. The proposed model calls for creating a dynamic society (as a system) that can be efficiently adopted to take on challenges threatening the function, survival, and future developments of the societies.
The Friday Research Presentations series showcases ongoing academic research projects conducted by Stuart faculty, as well as research presentations made by faculty at other leading business schools.
All Illinois Tech faculty, students, and staff are invited to attend.