AUTHOR=Qian Chenxiang , Chen Jiahui , Sun Chuanwang 

TITLE=Carbon footprint and emission reduction potential of the artwork auction market

JOURNAL=Frontiers in Energy Research

VOLUME=Volume 11 - 2023

YEAR=2023

URL=https://www.frontiersin.org/journals/energy-research/articles/10.3389/fenrg.2023.1029939

DOI=10.3389/fenrg.2023.1029939

ISSN=2296-598X

ABSTRACT=Greenhouse gas emissions from human activities have become the leading cause of climate problems. Reducing greenhouse gas emissions from human economic activities and realizing carbon neu-tralization are the main means of sustainable economic development. Through the emission factor method, this paper estimates the carbon footprint of a typical artworks auction and divides the auction market into different sizes according to the average round-trip distance of the number of participants. The results show that a typical three-day medium-sized artworks auction with 500 people's carbon footprint is about 270 tons CO2e. The traffic carbon emission of participants ac-counts for a large proportion of the total carbon footprint, mainly composed of the traffic carbon emission of a small proportion of long-distance participants. Therefore, the transition from offline to virtual artworks auctions can significantly reduce the carbon footprint by 90% - 95%. We put forward suggestions on improving the auction carbon footprint accounting process, industry car-bon neutralization system and promoting the development of relevant technologies for virtual artworks auction market.