Carbon Credits Market Scope
A carbon credit is a allowance that enables the company that holds it to emit a definite quantity of greenhouse emission or alternative greenhouse gases. One credit permits the emission of a mass adequate one ton of greenhouse emission. Carbon credits and carbon markets are a part of national and international tries to mitigate the expansion in concentrations of greenhouse gases. Carbon trading is an application of an emissions commercialism approach. gas emissions are capped so markets are used to allot the emissions among the cluster of regulated sources.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Carbon Credit Capital, LLC (United States), Texas Climate & Carbon Exchange (United States), Zeroemissions (Abeinsa) (Spain), CO2 Solutions (Canada), CRS Carbon Revenue Services S.A. (Italy), Jomini Environmental Inc. (Canada), Climex (Netherlands), Carbon Trade Exchange Ltd. (Australia), Environmental Credit Corp. (ECC) (United States) and Greenberg Traurig LLP (United States) |
CAGR | 23.3% |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Carbon Credits market throughout the predicted period.
Carbon Credit Capital, LLC (United States), Texas Climate & Carbon Exchange (United States), Zeroemissions (Abeinsa) (Spain), CO2 Solutions (Canada), CRS Carbon Revenue Services S.A. (Italy), Jomini Environmental Inc. (Canada), Climex (Netherlands), Carbon Trade Exchange Ltd. (Australia), Environmental Credit Corp. (ECC) (United States) and Greenberg Traurig LLP (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are First Climate AG (Germany), Evolution Markets Inc. (United States) and Global Emissions Systems Inc. (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Carbon Credits market by Type and Region with country level break-up.
On the basis of geography, the market of Carbon Credits has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Rest of Europe), MEA (Saudi Arabia, Turkey, Israel, United Arab Emirates, South Africa, Rest of Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In 2020, Saipem has acquired a proprietary technology for CO2 capture from the Canadian company CO2 Solutions Inc. This technology lowers the cost barrier to post-combustion Carbon Capture enabling Sequestration and Utilization and also complements the service portfolio to create a low carbon energy future.
In November 2023, Nasdaq announced the launch of a new technology that securely digitizes the issuance, settlement, and custody of carbon credits. This service aims to support the development and institutionalization of global carbon markets.
The U.S. has been regulating energy emissions since the passage of the U.S. Clean Air Act of 1990, which is credited as the world's first cap-and-trade program for substantially reducing emissions of sulfur dioxide from coal-fired power plants.
Influencing Trend:
Innovation in Carbon Credit Transfers and Allocation Technologies with Blockchain
Market Growth Drivers:
Rising Need of Controlling the Carbon Emission by Organisation and Factories and Growth in Demand for the Safe Carbon Credits Trading
Challenges:
Possible Fraud Convictions and Information Leak Threat
Restraints:
Stringent Government Regulations Regarding Carbon Emission
Opportunities:
Rise in Advanced Technology to Reduce Carbon Content, Involvement and Building Efficient Factory Machine Setups
Key Target Audience
Carbon Credits Provider, Transactional Technology Provider, Research Institutes, End User Industry and Others