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.
Browse the full report description of “Carbon Credit Trading Platform Market Size, Share & Trends Analysis Report by Type (Voluntary, and Compliance/Regulated), and by System type (Cap and Trade, and Baseline and Credit), and by End-user (Industrial, Utilities, Energy, Petrochemical, Aviation and Others) Forecast Period (2024-2031).” at https://www.omrglobal.com/industry-reports/carbon-credit-trading-platform-market
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.
Market Coverage
• The market number available for 2024-2031
• Base year: 2023
• Forecast period: 2024-2031
• Segment Covered-
o By type
o By System Type
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape Include Navico Group., Furuno Electric Co., Ltd., Garmin Würzburg GmbH, Teledyne FLIR LLC, and Japan Radio Co., Ltd.
Key questions addressed by the report
Global Carbon Credit Trading Platform Market Report Segment
By Type
By System Type
By End-User
Global Carbon Credit Trading Platform Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East and Africa
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