The global carbon credit trading platform market is anticipated to grow at a significant CAGR of 15.4% during the forecast period (2024–2031). The market growth is attributed to the rising environmental concerns, imposition of carbon credit laws and taxes, and monetary incentives linked to carbon surplus for nations and companies. For instance, in December 2023, the World Bank announced its ambitious plans for the growth of high-integrity global carbon markets, with 15 countries set to earn income from the sale of carbon credits generated from preserving their forests. By 2024, countries will have produced over 24 million credits and as many as 126 million by 2028. These credits could earn up to $2.5 billion in the right market conditions, with much of that going back to communities and countries.
Moreover, rising emissions across industries are causing environmental damage and have created a demand for carbon credits globally. For instance, in 2021, the Intergovernmental Panel on Climate Change (IPCC) released a report card on the world's progress towards slowing climate change stating Greenhouse Gas (GHG) emissions are still rising across all major sectors globally with the assumption of 2°C of warming increase during the 21st century. Major sectors which are bound to produce GHG such as petrochemical, aviation, energy, and other emission causing industries are offsetting their carbon footprints through carbon credit trading to create a positive brand image and evade any regulatory action from their respective governments.
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Market Coverage
The market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered-
By type
By System Type
By End-User
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape Include Navico Group., Furuno Electric Co., Ltd., Garmin Würzburg GmbH, Teledyne FLIR LLC, and Japan Radio Co., Ltd.
Carbon Credit Trading Platform Market Report Segment
By Type
Voluntary
Compliance / Regulated
By System Type
Cap and Trade
Baseline and Credit
By End-User
Industrial
Utilities
Energy
Petrochemical
Aviation
Others
A full Report of Carbon Credit Trading Platform Market is Available @ https://www.omrglobal.com/industry-reports/carbon-credit-trading-platform-market
Carbon Credit Trading Platform Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
AirCarbon Exchange
Aviation Carbon eXchange (ACE)
BetaCarbon Pty Ltd
Carbonplace UK Ltd.
Carbon Credit Capital, LLC.
CARBON EX Inc.
Climate Impact X Pte. Ltd
CLIMATETRADE
Climate Vault, Inc.
CME Group Inc.
Environmental Market Services Ltd. (Carbon Trading Exchange)
European Energy Exchange AG
Flow Carbon Inc.
Intercontinental Exchange, Inc.
Likvidi Technologies Ltd.
Nasdaq Inc.
South Pole
Toucan
United Nations Carbon Offset Platform
Xpansiv Ltd.
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