The Carbon Credit Trading Platform Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Carbon Credit Trading Platform Global Market Report 2024, The carbon credit trading platform market size has grown exponentially in recent years. It will grow from $0.14 billion in 2023 to $0.17 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to urgent need to combat climate change, the surge in demand reflects a fundamental shift in the corporate mindset, integration of renewable energy project offsetting, growing number of regulatory standards, and escalating commitment of corporations to robust sustainability practices.
The carbon credit trading platform market size is expected to see exponential growth in the next few years. It will grow to $0.40 billion in 2028 at a compound annual growth rate (CAGR) of 23.3%. The growth in the forecast period can be attributed to increasing emphasis on carbon neutrality, seeking effective mechanisms to offset their carbon footprint, escalating commitment of corporations to robust sustainability practices, growing green investment, and increasing adoption of policies on carbon emissions. Major trends in the forecast period include demand for net-zero carbon emissions, adoption of blockchain technology, integration of carbon credits with ESG goals, growth in nature-based solutions, and improved standards for verifying and certifying carbon credits.
The growing green investment is expected to propel the growth of the carbon credit trading platform market going forward. Green investment involves allocating capital to projects, companies, or initiatives that are environmentally sustainable and help reduce environmental impact. The rise in green investment is due to environmental concerns, consumer preference for environmentally friendly products, financial incentives, and regulatory pushes. Green investment helps to develop and expand platforms that allow for the transparent, efficient, and trustworthy trade of carbon credits, thus contributing to global efforts to address climate change. For instance, according to World Energy Investment 2023 by the International Energy Agency (IEA), a US-based autonomous intergovernmental organization that works to ensure reliable, affordable, and clean energy for its member countries and beyond, the global energy investment in clean energy increased from $1,617 billion in 2022 to $1,740 billion in 2023. Therefore, growing green investment is driving the growth of the carbon credit trading platform market.
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The carbon credit trading platform market covered in this report is segmented –
1) By Type: Voluntary Carbon market, Regulated Carbon market
2) By Platform Type: Exchange Platforms, Registry Platforms
3) By Application: Cap And Trade, Baseline And Credit
4) By End-Use Industry: Industrials, Utilities, Energy, Petrochemical, Aviation, Other End-Use Industries
Major companies operating in the carbon credit trading platform market are focusing on developing advanced technologies such as digitized tracking and trading platforms to facilitate international trade in carbon tokens. Digitized tracking and trading platforms utilize technology to securely record and verify transactions related to carbon credits, ensure the traceability of carbon credits, and enable efficient verification and validation processes. For instance, in December 2023, the Technology Innovation Institute (TII), a UAE-based research institution, and the Advanced Technology Research Council (ATRC), a UAE-based government entity responsible for shaping advanced research and development for technology, launched a blockchain-powered carbon tracking and trading platform. The platform makes international trade in carbon tokens easier and accelerates progress toward the objective of reducing carbon emissions. It is consistent with the UAE’s Vision 2021 to accelerate environmental sustainability and attain net zero emissions, as well as COP28’s goal of speeding the transition to a low-carbon, sustainable economic model. Blockchain technology reliably measures carbon emissions by registering them with public or private organizations worldwide.
The carbon credit trading platform market report table of contents includes:
1. Executive Summary
2. Carbon Credit Trading Platform Market Characteristics
3. Carbon Credit Trading Platform Market Trends And Strategies
4. Carbon Credit Trading Platform Market – Macro Economic Scenario
5. Global Carbon Credit Trading Platform Market Size and Growth
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32. Global Carbon Credit Trading Platform Market Competitive Benchmarking
33. Global Carbon Credit Trading Platform Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Carbon Credit Trading Platform Market
35. Carbon Credit Trading Platform Market Future Outlook and Potential Analysis
36. Appendix
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