The regional analysis of the voluntary carbon market, including the following regions: Asia, Latin America, Africa, North America, Oceania and Europe.
The global carbon credit market traded value was US$978.56 billion in 2022. The market is expected to reach US$2.68 trillion by 2028. On the other hand, the global carbon credit market traded volume reached 13.22 GtCO2e in 2022. The traded volume is expected to reach 19.57 GtCO2e by 2028. A carbon credit is a way to measure, value, and trade a verifiable and quantifiable amount of GHG emissions with one credit universally understood to mean one ton of carbon dioxide or equivalent (tCO2e). Article 6 of the Paris Agreement provides a framework for the use of carbon credits, which can increase demand for them. In addition, the Paris Agreement requires countries to regularly update and enhance their nationally determined contributions (NDCs), which can lead to increased demand for carbon credits as countries seek to meet more ambitious emissions reduction targets.

There is increasing regulatory and stakeholder pressure on global corporations to lower emissions. These trends are driving demand for carbon credits, giving rise to two sets of markets, which could grow meaningfully in the coming decades. At present, the overall carbon market is mainly characterized by the degree of regulation, namely the regulated compliance carbon market (CCM) and the unregulated voluntary carbon market (VCM). The CCM is more mature and has historically generated stronger mitigation actions and incentives to decarbonize the economy than the VCM. CCM most commonly takes the form of an Emissions Trading System (ETS), which is also known as a cap and trade program, the largest of which is the European Union ETS. Article 6 of the Paris Agreement also contemplates an international market that allows for voluntary cooperation between two or more countries on emissions reductions. The global carbon credit market traded value is determined to grow at a CAGR of 18.23% during the forecast period of 2023-2028. At the same time, the carbon credit market traded volume is expected to grow at a CAGR of 6.78%.

Scope of the Report:

The report titled “Global Carbon Credit (Compliance & Voluntary) Market: Analysis By Traded Value, By Traded Volume, By Segment (Europe, North America, UK ETS, New Zealand, South Korea, China, and CERs), By Project Category (Forestry and Land Use, Renewable Energy, Chemical Process/Industrial Manufacturing, Household/Community Devices, Waste Disposal, Energy Efficiency/ Fuel Switching, Agriculture, and Transportation), By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028”, includes:

-- An in-depth analysis of the global carbon credit (compliance & voluntary) market by traded value and by traded volume.

-- The analysis of global compliance carbon market based on segment (Europe, North America, UK ETS, New Zealand, South Korea, China, and CERs).

-- The analysis of global voluntary carbon market based on project category (Forestry and Land Use, Renewable Energy, Chemical Process/Industrial Manufacturing, Household/Community Devices, Waste Disposal, Energy Efficiency/ Fuel Switching, Agriculture, and Transportation).

-- The regional analysis of the voluntary carbon market, including the following regions:

Asia (India, China, Indonesia, and Rest of Asia)
Latin America (Brazil, Peru, and the Rest of Latin America)
Africa
North America (The US, Canada, and Mexico)
Oceania
Europe

-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.

-- Provides an analysis of the COVID-19 impact on the carbon credit market.

-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall carbon credit market has also been forecasted for the period 2023-2028, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

-- Evaluation of the potential role of carbon credit to improve the market status.

-- Identification of new technological developments, R&D activities, and type launches occuring in the carbon credit market.

-- In-depth profiling of the key emission trading systems, including the assessment of the offsets and credits, auction revenue, and annual cap.

-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.

For further details, kindly visit :

https://www.daedal-research.com/power-and-energy/global-carbon-credit-compliance-voluntary-market-size-and-trends-with-impact-of-covid-19-and-forecast-up-to-2028

Rajeev Kumar
(Business Development Manager)
Address: 36 SFS Flats
Paschim Vihar
New Delhi-110063
Mobile: +91-9811715635
Tel: +91-120-4553017
Mail ID - [email protected]