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Monitoring high-carbon industry enterprise emission in carbon market: A multi-trusted approach using externally available big data.
- Source :
-
Journal of Cleaner Production . Aug2024, Vol. 466, pN.PAG-N.PAG. 1p. - Publication Year :
- 2024
-
Abstract
- Carbon markets are widely recognized as effective strategies for regulating carbon emissions from the enterprises of the high-carbon industry. Accurate monitoring of emissions in these enterprises is crucial for ensuring fair and trusted carbon trading. However, traditional monitoring methods have encountered various challenges including poor accuracy, low frequency, significant hysteresis and weak credibility. Addressing these concerns, this paper introduces a novel, multi-trusted, high-frequency monitoring approach for the measurement of both direct and indirect carbon emissions of enterprises, utilizing externally available multi-source big data, vertical federated long short-term memory network with a self-attention mechanism (VF-LSTMSA) and additive homomorphic encryption. The efficacy of this model is thoroughly assessed via case studies on six hourly datasets from the power and steel sectors. Our principal findings include: (1) In the current scenario, the proposed VF-LSTMSA model demonstrates superior federated efficiency, improving with the inclusion of more federated participants. (2) The VF-LSTMSA model surpasses other prevalent AI models, achieving a Mean Absolute Percentage Error (MAPE) of less than 9% across power and steel datasets. (3) The advanced high-frequency carbon emission monitoring method exhibits errors of +0.28%, +1.29%, and −0.41% in the current scenario monitoring task, suggesting that the model effectively leverages multi-source externally available big data to precisely monitor the target enterprise's carbon emissions while safeguarding multi-party data security. These findings suggest that the proposed monitoring method can accurately track corporate hourly carbon emissions, significantly improving the carbon trading and verification processes for enterprises [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09596526
- Volume :
- 466
- Database :
- Academic Search Index
- Journal :
- Journal of Cleaner Production
- Publication Type :
- Academic Journal
- Accession number :
- 177992323
- Full Text :
- https://doi.org/10.1016/j.jclepro.2024.142729