PUBLISHER: The Business Research Company | PRODUCT CODE: 1713561
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713561
Climate change consulting involves assisting organizations and governments in evaluating and managing the risks and impacts associated with climate change. This includes crafting strategies for emission reductions, ensuring regulatory compliance, and implementing sustainability initiatives to adapt to and address climate-related challenges.
Key services in climate change consulting encompass renewable energy development, energy efficiency, corporate climate change strategy, carbon footprint analysis, strategic advisory, climate adaptation analysis and planning, policy and economics, emission trading and offsetting, and green building services. Renewable energy development focuses on creating and executing projects that utilize sustainable sources such as solar, wind, and hydro energy. The range of organizations served includes large corporations, mid-sized enterprises, small businesses across various industries such as mining, energy, and utilities, as well as government entities, manufacturing, transportation and logistics, and other sectors.
The climate change consulting market research report is one of a series of new reports from The Business Research Company that provides climate change consulting market statistics, including climate change consulting industry global market size, regional shares, competitors with a climate change consulting market share, detailed climate change consulting market segments, market trends and opportunities, and any further data you may need to thrive in the climate change consulting industry. This climate change consulting market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The climate change consulting market size has grown strongly in recent years. It will grow from $7.89 billion in 2024 to $8.55 billion in 2025 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing regulatory pressures, rising public awareness of environmental issues, growing corporate sustainability commitments, international climate agreements, significant weather-related events.
The climate change consulting market size is expected to see strong growth in the next few years. It will grow to $11.67 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to evolving climate risk management needs, advancements in climate adaptation technologies, greater emphasis on ESG (Environmental, Social, Governance) criteria, increasing investment in renewable energy, growing climate-related financial disclosures, and the need for innovative solutions to mitigate climate impacts. Major trends in the forecast period include integration of artificial intelligence, advancements in climate adaptation technologies, advancements in climate science, adoption of sustainable finance, and carbon footprint reduction strategies.
The increasing greenhouse gas emissions are expected to drive the growth of the climate change consulting market in the future. Greenhouse gas emissions are gases released into the atmosphere that trap heat, contributing to global warming and climate change. This rise in emissions is fueled by higher fossil fuel consumption, industrial activities, deforestation, and the expansion of transportation and agriculture sectors. Additionally, urbanization and economic development lead to greater energy use and emissions. Climate change consulting helps businesses identify and implement strategies to reduce greenhouse gas emissions, such as improving energy efficiency, adopting sustainable practices, and participating in carbon offset projects, all of which contribute to mitigating climate change. For example, in July 2024, the Environmental Protection Agency (EPA), a U.S.-based government agency, reported a 0.2% increase in greenhouse gas emissions in the U.S. in 2022 compared to 2021 levels. Consequently, the rise in greenhouse gas emissions is driving the growth of the climate change consulting market.
Major companies in the climate change consulting market are emphasizing cross-industry collaboration by introducing climate and sustainability strategies, such as establishing global centers of excellence for climate insights, to improve their ability to predict, assess, and manage climate change impacts across various regions. A global center of excellence for climate insights serves as a central hub that brings together top expertise to advance climate strategies and sustainability on a global scale. For example, in September 2022, Boston Consulting Group (BCG), a U.S.-based management consulting firm, launched a global climate and sustainability hub in the Gulf Cooperation Council (GCC) region. This hub aims to develop localized expertise to support faster decarbonization and circularity in sectors such as energy, industrial goods, and digital innovation. BCG will collaborate with governments to create net zero strategies, help corporations reduce their carbon footprints, and explore green growth opportunities through innovation, leveraging the region's rich renewable resources and technological advancements.
In February 2023, Environmental Resources Management (ERM), a UK-based environmental firm, acquired Coho Climate Advisors LLC for an undisclosed sum. This acquisition is intended to strengthen ERM's capabilities in climate risk and resilience solutions, expanding their expertise and broadening their range of services in climate adaptation and sustainability consulting. Coho Climate Advisors LLC, based in Canada, specializes in climate change and risk assessment as well as resilience strategies.
Major companies operating in the climate change consulting market are PricewaterhouseCoopers International Limited, Ernst & Young Global Limited, Schneider Electric SE, Deloitte Touche Tohmatsu Limited, AECOM Technology Corporation, WSP Global Inc., McKinsey & Company Inc., Boston Consulting Group, Gartner Inc., Bain & Company, Arcadis NV, Tetra Tech Inc., Atkins plc, Buro Happold Limited, Ramboll Group A/S, A.T. Kearney Inc., Ricardo Group, Anthesis Group Limited, Coastal Risk Consulting LLC, ClearSky LLC, Trinomics B.V
North America was the largest region in the climate change consulting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the climate change consulting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the climate change consulting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The climate change consulting market includes revenues earned by entities by advisory services, risk assessments, strategy development, and related sustainability solutions, climate risk assessment services, and monitoring and reporting services. 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.
Climate Change Consulting Global Market Report 2025 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 climate change consulting 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 climate change consulting ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The climate change consulting 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.