Practical implementation of the proposed networked market

Abstract

This chapter sets out the elements of the model proposed in practical detail, explaining how it is envisaged the market would operate in practice. It covers infrastructure of the market; rules for the operation of the distributed ledger; operational mechanisms that will be required, being a mechanism for valuing differences in mitigation value of units from participating jurisdictions and a mechanism to effect transactions; the transactional rules that form part of the regulatory framework; and the participants, on a jurisdictional, cross-jurisdictional and supra-jurisdictional basis.