Global Carbon Offset and Carbon Credit Trading Service Market is valued USD XXX billion in 2016 is anticipated to grow USD XXX billion with the compounded annual growth of XX% over the forecast period 2018-2025.
New York 14 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Carbon Offset and Carbon Credit Trading Service market industry is poised to raise USD XXX billion by 2025. A carbon offset refers to the reduction in emissions of carbon dioxide or greenhouse gases in order to compensate for an emission made elsewhere. Offsets are an important policy tool to stabilize economies and to improve sustainability and lifestyle. The Kyoto Protocol has legitimated offsets as a way for governments and private companies to earn carbon credits that can be traded on a marketplace which act as the major driver for the growth of the Global Carbon Offset and Carbon Credit Trading Service Market.
Carbon offsetting has gained some appeal and momentum mainly among consumers in western countries who have become aware and concerned about the potentially negative environmental effects of energy-intensive lifestyles. Offsets are typically achieved through financial support of projects that reduce the of greenhouse gas- emission. These involve wind farms, biomass energy, or hydroelectric dams, energy efficiency projects, the destruction of industrial pollutants or agricultural by-products, destruction of landfill methane, and forestry projects. Some of the most popular carbon offset projects from a corporate perspective are energy efficiency and wind turbine projects.
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Global Carbon Offset and Carbon Credit Trading Service Market Size study, by Type (Industrial, Household, Energy Industry, Others), by Application (REDD Carbon Offset, Renewable Energy, Landfill Methane Projects, Others) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Degrees, Native Energy, Green Trees, South Pole Group, Aera Group, Allcot Group, Forest Carbon, Carbon Clear, Biofilica and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- The North American region accounted for the significant market share, more than XX% of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
- Energy Industry
- REDD Carbon Offset
- Renewable Energy
- Landfill Methane Projects
- North America
- Asia Pacific
- Latin America
- Rest of the World