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Yi-Ming-Yang-Shu-Jun-Qi-Chun-Hui-Liu-Kai-Zhao-Yan- Zhang

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Open access Sep 2026

Beyond performative transparency: digital technology, governance conditions, and the legitimacy crisis of the Voluntary Carbon Market

Faced with a credibility crisis, the Voluntary Carbon Market (VCM) increasingly relies on satellite monitoring, blockchain registries, and digital MRV to strengthen transparency and rebuild trust. This paper questions that approach. Information economics holds that signals distinguish quality only when costly to falsif...

Yi-Ming-Yang-Shu-Jun-Qi-Chun-Hui-Liu-Kai-Zhao-Yan- Zhang · 0 citations

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