Market for Carbon Credit Trading Platforms to Reach Over $812.7 Million by 2031 – Exclusive Report from InsightAce Analytic
InsightAce Analytical Pvt. Ltd. announces the publication of a market assessment report on the “Global Carbon Credit Trading Platform Market Analysis report on size, share and trends by type (voluntary carbon market and regulated carbon), system type (cap, trading, baseline and credit systems) and end users (industrial, utilities, energy, petrochemical, aviation), region, market outlook And Industry Analysis 2031 “
The global Carbon Credit Trading Platforms market is estimated to reach over USD 812.7 million during 2024-2031, with a CAGR of 25.05% during the forecast period.
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The need for carbon markets to achieve net-zero greenhouse gas emissions is greater than ever as the fight against global warming gathers pace. Investor interest in financing environmentally sustainable initiatives and companies is increasing. Investors can engage in the carbon market by financing carbon credit generating projects through carbon credit trading platforms. In addition to reducing greenhouse gas emissions, this offers opportunities for financial benefit.
Moreover, developing sustainable behavior, increasing demand for carbon credits and providing a platform for effective trading and investment in emission reduction projects contribute to the expansion of the market for carbon credit trading platforms. Furthermore, blockchain technology and digital platforms are being used to increase the efficiency, transparency and traceability of carbon credit trading. These developments are helping to establish and adopt carbon credit trading platforms in the area. The country is committed to reducing greenhouse gas emissions and implementing a low-carbon economy. As a way to achieve emissions reduction targets, this commitment increases demand for carbon credit trading platforms.
List of Prominent Players in the Carbon Credit Trading Platforms Market:
- Air Carbon Exchange (Acx)
- Beta carbon
- Carbon Credit Capital
- Carbon Trading Exchange (Ctx)
- Carbonex
- Carbon place
- Climate impact
- Climate trade
- CME Group
- Eex group
- Electric carbon
- Intercontinental Exchange, Inc.
- Likvidi
- Nasdaq, Inc.
- Path zero
- Planetary
- Public Investment Fund
- Antarctic Group
- Toucan
- Xpansiv
Market dynamics:
Drivers
Investments in clean energy generation, electrification and the replacement of deteriorating infrastructure to achieve better efficiency are driving the growth of the market. The rapid industrial development of the market has increased the demand for carbon credit trading platforms. To protect certain forest ecosystems and populations, and to generate long-term value, several companies are investing in carbon credit trading. The carbon credit trading platform market is primarily driven by the introduction of strict environmental regulations and policies intended to reduce greenhouse gas emissions. Organizations must adhere to the emission reduction targets set by governments and other international organizations.
Challenges:
Potential market participants’ limited knowledge and understanding of carbon credit trading can be a major barrier. Some companies need to be aware of the benefits and mechanics of carbon credit trading, or perhaps they need to fully understand the value proposition. The carbon credit market is prone to volatility and unpredictability due to things like changing political climates, changing regulations and market fluctuations. The upcoming emission reduction targets and the overall demand for carbon credits will negatively impact market stability. For market participants, there needs to be more standardization and regularity in carbon credit trading processes to provide challenges for market growth.
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Regional trends:
The North American carbon credit trading platform market is expected to register a no. market share. North America has introduced strict environmental restrictions to reduce greenhouse gas emissions, especially in the United States and Canada. The development and management of carbon credit trading systems are benefiting greatly from technological breakthroughs in the North American region. To achieve their emissions reduction goals, governments in North America are actively supporting carbon credit trading projects. They offer incentives, subsidies and subsidies to entice companies to trade carbon credits and invest in clean technologies. Moreover, Europe had a substantial share. Europe is known for its innovations and progress in clean technologies. To fulfill their obligations to reduce emissions, European companies in the industrial, transport and power generation sectors are actively participating in the carbon credit trading market. The expansion of carbon credit trading platforms in Europe is fueled by various industries entering the market and generating liquidity and trading opportunities.
Most important developments:
- In September 2022, AirCarbon Pte Ltd, a Singapore-based company that facilitates carbon credit trading, is considering developing a presence in India. AirCarbon is demanding a presence in India as it expects India to participate significantly in the global carbon market. Carbon markets involve the purchase and sale of carbon credits (or carbon offsets). Carbon credits are awarded to companies (or even individuals) for actions that reduce carbon dioxide emissions or absorb carbon dioxide from the atmosphere.
- In June 2022, Zerocap has partnered with ANZ Bank and carbon credits platform Beta Carbon to enable the successful trading of tokenized Australian carbon credits (BCAU) using the ANZ Bank-issued A$DC stablecoin on its platform. Innovative transaction executed for Zerocap customer Victor Smorgon Group to promote frictionless and secure digital transactions for carbon reduction instruments and climate control assets.
- In January 2022, UN Climate Change has entered into a new partnership with the AirCarbon Exchange (ACX) to advance carbon offsets through emissions reductions certified by the Secretariat of the UN Framework Convention on Climate Change (UNFCCC). The partnership will enable ACX customers from 30 countries to purchase and retire Certified Emission Reductions (CERs) for carbon offset purposes. It will be the second exchange in the world and the first in Asia to list CERs included in the UNFCCC Clean Development Mechanism (CDM) registry. This database stores and monitors CERs, including their retirement.
Segmentation of the Carbon Credit Trading Platform Market-
Per product-
- Voluntary carbon
- Regulated carbon
By system type-
- Cap and trade
- Baseline and credit systems
By end users
- Industrial
- Utilities, energy
- Petrochemical
- Aviation
- Others.
Region-
North America-
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asiatic-Pacific
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East and Africa
- GCC countries
- South Africa
- Rest of the Middle East and Africa
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