PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1397239
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1397239
The carbon credit trading platform market is USD 64.3 billion in 2023, and it will reach USD 362.8 billion by 2030, advancing at a rate of 29.2% by the end of this decade. The industry is powered by by the mushrooming GHG emissions, increasing count of corporations announcing net-zero commitments, and supplementing count of carbon offset programs.
The cap-and-trade category had the larger share of over 66% in 2023. It is a system that creates a "cap" on maximum emissions to decrease aggregate emissions from a group of emitters.
Furthermore, it is mentioned to be a market-based method to lower total pollutant emissions and endorse corporate investment in fossil fuel alternates and energy competence.
A characteristic program starts by setting a "cap" on the whole amount of contaminants that can be released. The government grants the authority to produce contaminants through emissions documents by founding a supreme limit on emissions. An emissions allowance is a license to release pollutants; the cap places a limitation on the overall count of allowances.
These payments become a price signal for the price of emitting when companies purchase and vend them because they are bankable, tradable, and rare.
The voluntary category will grow faster with a rate of over 30.3% in the years to come. The voluntary carbon market is growing and becoming further substantial in terms of controlling global warming. A market that could support businesses' efforts to decrease their own emissions is developing, as corporate leaders make more ambitious commitments to decrease GHG emissions.
The industrial sector dominated the carbon credit trading platform market, of about 38%, in 2023. While creating goods important to the modern way of life, heavy industry also contributes around 40% of the world's CO2 emissions.
The three major carbon-emitting sectors are chemicals, cement and steel which are also amongst the hardest to decarbonize because of both tech and economic factors.
Tech factors comprise the necessity for process emissions of CO2, along with long asset lives, low-profit margins, capital intensity, and trade exposure. The necessity for carbon credit trading platforms is driven by businesses' concentration on executing decarbonization initiatives for combating climate change.
Europe led held the industry with a share, of 34%, in 2023. The ETS is a pillar of the EU's climate change strategy and its main strategy for lowering GHG emissions in an effective and lucrative manner. It was the first substantial carbon market in the world and will remain the largest in the future as well.
The growing GHG emissions all over the world has a lot to do with the increasing carbon credit platform demand. And, this trend will also continue in the years to come as well.
1.4.1 Value
1.5.1 Market Segmentation by Type
1.5.2 Market Segmentation by System Type
1.5.3 Market Segmentation by End Use
1.5.4 Market Segmentation by Region
2.1.1 Paid
2.1.2 Unpaid
2.1.3 P&S Intelligence Database
2.2.1 Breakdown of Primary Research, by Region
2.2.2 Breakdown of Primary Research, by Industry Participant
2.2.3 Breakdown of Primary Research, by Designation
2.2.5 Breakdown of Primary Research, by Company Type
5.1.1 Voluntary
5.1.2 Regulated
5.2.1 Cap and Trade
5.2.2 Baseline and Credit
5.3.1 Industrial
5.3.2 Utilities
5.3.3 Energy
5.3.4 Petrochemical
5.3.5 Aviation
6.1.1 Trends
6.1.2 Drivers
6.1.3 Restraints
6.3.1 EU ETS
6.3.2 Clean Development Mechanism
6.3.3 Joint Implementation (JI)
6.3.4 Regional Greenhouse Gas Initiative (RGGI)
6.3.5 California Compliance Offset Program
6.3.6 Alberta Emission Offset Program (AEOP)
6.3.7 Gold Standard
6.3.8 Verra - Verified Carbon Standard (VCS)
6.3.9 Climate Action Reserve (CAR)
6.3.10 American Carbon Registry (ACR)
6.3.11 Plan Vivo
6.3.12 China's Emissions Trading Scheme (ETS)
6.3.13 India's Framework for Voluntary Carbon Market and Path toward Cap-and-Trade System
6.3.14 Paris Agreement
6.4.1 Bargaining Power of Buyers
6.4.2 Bargaining Power of Suppliers
6.4.3 Intensity of Rivalry
6.4.4 Threat of New Entrants
6.4.5 Threat of Substitutes
14.1.1 Business Overview
14.1.2 Product and Service Offerings
14.1.3 Key Financial Summary
14.1.4 Strategies Adopted by Nasdaq Inc.
14.2.1 Business Overview
14.2.2 Product and Service Offerings
14.2.3 Key Financial Summary
14.2.4 Strategies Adopted by EEX Group
14.3.1 Business Overview
14.3.2 Strategic Developments Strategies adopted by Carbon Trade Exchange (CTX)
14.4.1 Business Overview
14.4.2 Product and Service Offerings
14.4.3 Strategic Developments Strategies adopted by Xpansiv
14.5.1 Business Overview
14.5.2 Product and Service Offerings
14.5.3 Strategic Developments adopted by Climate Impact X PTE. LTD
14.6.1 Business Overview
14.6.2 Strategic Developments adopted by Carbonplace
14.7.1 Business Overview
14.7.2 Product and Service Offerings
14.7.3 Strategies Adopted by Flow Carbon Inc.
14.8.1 Business Overview
14.8.2 Product and Service Offerings
14.9.1 Business Overview
14.9.2 Product and Service Offerings
14.9.3 Key Financial Summary
14.10.1 Business Overview
14.11.1 Business Overview
14.12.1 Business Overview
14.12.2 Product and Service Offerings
14.12.3 Strategic Developments adopted by AirCarbon Pte Ltd.
14.13.1 Business Overview
14.13.2 Product and Service Offerings
14.13.3 Strategic Development
14.14.1 Business Overview
14.14.2 Product and Service Offerings
14.14.3 Strategic Development adopted by CLIMATETRADE Corp.
14.15.1 Business Overview
14.15.2 Product and Service Offerings
14.15.3 Strategic Developments adopted by Carbon Credit Capital LLC
14.16.1 Business Overview
14.16.2 Product and Service Offerings
14.16.3 Strategic Development adopted by Pathzero
14.17.1 Business Overview
14.17.2 Product and Service Offerings
14.18.1 Business Overview
14.18.2 Product and Service Offerings