PUBLISHER: The Business Research Company | PRODUCT CODE: 1559092
PUBLISHER: The Business Research Company | PRODUCT CODE: 1559092
A carbon credit trading platform is a marketplace where individuals and organizations can buy and sell carbon credits. These credits are certificates representing the reduction or removal of one metric ton of carbon dioxide or its equivalent in other greenhouse gases. Such platforms enable transactions between buyers, who seek to offset their carbon emissions, and sellers, who have achieved emission reductions through projects such as renewable energy, reforestation, or energy efficiency improvements.
There are two main types of carbon credit trading platforms the voluntary carbon market and the regulated carbon market. The voluntary carbon market involves the purchase of carbon credits on a voluntary basis to offset carbon footprints, typically beyond mandatory regulations. These platforms offer various types, including exchange platforms and registry platforms, and support multiple applications such as cap and trade, baseline, and credit. They are utilized by various industries, including industrial, utilities, energy, petrochemicals, aviation, and others.
The carbon credit trading platform market research report is one of a series of new reports from The Business Research Company that provides carbon credit trading platform market statistics, including carbon credit trading platform industry global market size, regional shares, competitors with a carbon credit trading platform market share, detailed carbon credit trading platform market segments, market trends, and opportunities, and any further data you may need to thrive in the carbon credit trading platform industry. This carbon credit trading platform market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The carbon credit trading platform market size has grown exponentially in recent years. It will grow from $0.14 billion in 2023 to $0.17 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth observed in the historical period can be credited to the urgent need to address climate change. This increase in demand signals a fundamental shift in corporate attitudes, with a focus on integrating renewable energy projects for offsetting emissions, an expanding array of regulatory standards, and a growing commitment by corporations to strong sustainability practices.
The carbon credit trading platform market size is expected to see exponential growth in the next few years. It will grow to $0.40 billion in 2028 at a compound annual growth rate (CAGR) of 23.3%. The anticipated growth during the forecast period can be linked to a heightened focus on achieving carbon neutrality, seeking effective methods for carbon footprint offsetting, and a rising commitment by corporations to sustainability. Other factors include increased green investments and the adoption of carbon emission policies. Key trends expected in this period are the demand for net-zero carbon emissions, the use of blockchain technology, the integration of carbon credits with ESG objectives, growth in nature-based solutions, and improved standards for verifying and certifying carbon credits.
The rise in green investment is anticipated to drive the expansion of the carbon credit trading platform market in the future. Green investment refers to the allocation of capital towards projects, companies, or initiatives that promote environmental sustainability and reduce ecological impact. This increase in green investment stems from concerns about the environment, a growing consumer preference for eco-friendly products, financial incentives, and regulatory measures. By fostering the development and growth of platforms that ensure transparent, efficient, and reliable trading of carbon credits, green investment supports global efforts to combat climate change. For example, the International Energy Agency (IEA) reported in its World Energy Investment 2023 report that global clean energy investments rose from $1,617 billion in 2022 to $1,740 billion in 2023. Thus, the rise in green investment is contributing to the growth of the carbon credit trading platform market.
Leading companies in the carbon credit trading platform market are concentrating on creating advanced technologies such as digitized tracking and trading platforms to support international carbon token trade. These platforms use technology to securely record and verify carbon credit transactions, ensure the traceability of credits, and facilitate efficient verification and validation processes. For instance, in December 2023, the Technology Innovation Institute (TII) and the Advanced Technology Research Council (ATRC), both based in the UAE, introduced a blockchain-based carbon tracking and trading platform. This platform simplifies international trade in carbon tokens and advances efforts to cut carbon emissions, aligning with the UAE's Vision 2021 for enhanced environmental sustainability and net-zero emissions, as well as COP28's aim to accelerate the transition to a low-carbon, sustainable economy. Blockchain technology accurately tracks carbon emissions by recording them with public or private organizations globally.
In November 2022, Mubadala Investment Company, a UAE-based private equity firm, purchased AirCarbon Exchange for an undisclosed sum. This acquisition supports the expansion of environmental commodities trading by enabling businesses and investors to participate in voluntary carbon markets and finance climate action. AirCarbon Exchange, based in Singapore, offers a carbon credit trading platform.
Major companies operating in the carbon credit trading platform market are StoneX Group Inc, S&P Global Inc., Intercontinental Exchange Inc., Nasdaq Inc., European Energy Exchange AG (EEX), Xpansiv, APX Inc., Blue Source LLC, Verra, Carbon Trade Exchange, ClimateTrade, Veridium Labs, Gold Standard, Global Carbon Council, Likvidi, Toucan, South Pole, Karbone, Climate Impact X, Carbonplace, EKI Energy Services ltd.
Europe was the largest region in the carbon credit trading platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carbon credit trading platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the carbon credit trading platform market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The carbon credit trading platform market includes revenues earned by entities by providing services such as marketplace access, verification and certification, transaction and settlement services, and carbon footprint assessment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Carbon Credit Trading Platform Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on carbon credit trading platform market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for carbon credit trading platform ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The carbon credit trading platform market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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