Global Carbon Credit Trading Market Overview:
According to MarkNtel Advisors study the Global Carbon Credit Trading Market size is estimated to grow at an impressive rate during the forecast period, i.e., 2024-30. Many elements are driving the growth & expansion of the carbon credit trading industry. The primary force at the back of the market growth is the increasing awareness about the negative impacts of climate change and the urgent need to reduce greenhouse gas (GHG) emissions globally. Global agreements just like the Paris Agreement have set challenging goals to decrease carbon emissions, encouraging nations and businesses to look to find low-priced means of accomplishing these dreams. By presenting a market-based system that lets businesses purchase and sell carbon credit, carbon buying and selling allows them to comply with emission standards.
Key Findings of the Study: Carbon Credit Trading market
Global Carbon Credit Trading Market Trend:
Integration of Blockchain & AI Gaining Traction – One of the emerging trends in the carbon credit trading industry is the integration of blockchain and AI, which is revolutionizing the monitoring, verification, and trading of carbon credits. Blockchain technology helps improve transparency, security, and traceability while preventing concerns like fraud and duplicate counting. This ensures that each carbon credit has a unique number. Market participants and regulators are more trusting of one another since this technology provides a permanent record of transactions.
On the other hand, AI improves data processing skills, making it possible to measure, report, and verify (MRV) emissions reductions with greater precision. Large datasets may be processed by AI algorithms to forecast market trends, optimize trading techniques, and track impacts on the environment in real-time. When used in tandem, blockchain and AI improve the efficiency, dependability, and transparency of the carbon credit trading system, drawing more players and augmenting the revenue growth of the market.
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Scope of the Carbon Credit Trading Market Report Segmentation
-By Type
- Voluntary – Market Size & Analysis By Revenues- USD Million
- Compliance Based – Market Size & Analysis By Revenues- USD Million
-By End User Industry
- Energy – Market Size & Analysis By Revenues- USD Million
- Manufacturing and Heavy Industry– Market Size & Analysis By Revenues- USD Million
- Transportation– Market Size & Analysis By Revenues- USD Million
- Forestry and Agriculture – Market Size & Analysis By Revenues- USD Million
- Others– Market Size & Analysis By Revenues- USD Million
-By Type of Enterprises
- Large Enterprises– Market Size & Analysis By Revenues- USD Million
- Medium & Small Enterprises – Market Size & Analysis By Revenues- USD Million
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Geographical analysis:
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
With the biggest share, Europe leads the carbon credit trading industry. The emergence of the European Union Emissions Trading System (EU ETS) is the main element at the back of the dominance of Europe in the carbon credit trading industry. The EU ETS set up in 2005, is the sector’s most sophisticated and superior carbon credit trading platform. It includes a wide variety of industries and contributes appreciably to the boom of the European Carbon Credit Trading Market. The EU ETS has had a prime impact on the Global Carbon Credit Market frameworks and policies through remarkable carbon pricing standards and positive past results.
Global Carbon Credit Trading Industry Recent Development:
- In June 2024: Carbon EX and Korean IT company SK C&C signed a MOU to expand the carbon credit business. This MOU is signed under a detailed partnership between two entities to expand the size & volume of their carbon credit business.
- In November 2023: Mizuho Financial Group and Singapore-based global carbon market and exchange Climate Impact X (CIX) partnered to jointly cater to the increasing demand for international carbon credits in Japan. This strategic partnership through a significant investment aims to facilitate cross-border trading and connectivity between markets.
Current Landscape of Carbon Credit Trading Market
The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Carbon Credit Trading market. The research report profiles major players, including
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- Intercontinental Exchange, Inc.
- Xpansiv
- Carbonex
- EEX Group
- AirCarbon Exchange
- Carbon Trade Exchange
- CME Group
- Climate Impact X
- Carbon Place
- Planetly
- Toucan
- EnKing International
- ClimateTrade
- Carbon Credit Portal
- Flow Carbon
- Others
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