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Global Carbon Credit Market to reach USD XX billion by the end of 2030.

Global Carbon Credit Market Size study & Forecast, by Sector (Energy, Transportation, Residential and Commercial Buildings, Industry, Agriculture, Forestry, and Water and Wastewater) and Regional Analysis, 2023-2030

Product Code: OIRE-93901178
Publish Date: 15-05-2023
Page: 200

Global Carbon Credit Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The carbon credit market is a system designed to reduce greenhouse gas emissions by providing economic incentives for companies and organizations to reduce their carbon footprint. Carbon credits represent a certain amount of carbon dioxide or other greenhouse gases that can be emitted by an organization, and can be bought and sold on the carbon credit market. The major driving factors for the Global Carbon Credit Market is rising government support and rising support for corporate social responsibility. Further, rising technological advancement and public awareness and advocacy is creating lucrative growth opportunities for the market over the forecast period 2022-2029.

In December 2019, the European Union (EU) adopted the European Green Deal, which includes a commitment to reach net-zero emissions by 2050. The EU also operates the EU Emissions Trading System (ETS), which is the world’s largest carbon market. The EU has pledged to continue to strengthen the by increasing the emission reduction target and introducing a carbon border tax. Along with this, in January 2021, the government of United Statesd announced plans to rejoin the Paris Agreement, which the United States had previously withdrawn from under the previous administration. Similarly, in September 2020, Chinese government has announced that China would aim to achieve carbon neutrality by 2060. China operates several carbon markets, including pilot markets in seven regions and a national carbon market that launched in 2021. However, the high cost of Carbon Credit stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Carbon Credit Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe is currently the largest market for carbon credits, with the European Union Emissions Trading System (EU ETS) being the world’s largest carbon market. The EU ETS covers emissions from power generation, industry, and aviation, and has set a target of reducing emissions by at least 40% by 2030. North American carbon credit market is the fastest-growing, with California and Quebec participating in a joint carbon market, and other states and provinces considering joining. The Regional Greenhouse Gas Initiative (RGGI) is also a cap-and-trade system covering power plants in the northeastern US.

Major market player included in this report are:
WGL Holdings, Inc.
Enking International
Green Mountain Energy
Native Energy
Cool Effect, Inc.
ClearSky Climate Solutions
Sustainable Travel International
3 Degrees
Terrapass
Sterling Planet, Inc.

Recent Developments in the Market:
Ø In January 2020, Microsoft announced that it will be carbon negative by 2030, meaning it will remove more carbon from the atmosphere than it emits. The company plans to achieve this through a combination of reducing its emissions, investing in carbon capture technologies, and purchasing carbon offsets.
Ø In June 2020, Amazon announced that it will be carbon neutral by 2040, and will also purchase 100,000 electric delivery vehicles to reduce emissions from its transportation network. The company has also launched the Climate Pledge Fund, which will invest USD 2 billion in companies developing carbon reduction technologies.

Global Carbon Credit Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Sector, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Sector offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Sector:
Energy
Transportation
Residential and Commercial Buildings
Industry
Agriculture
Forestry
Water and Wastewater

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Carbon Credit Market, by region, 2020-2030 (USD Billion)
1.2.2. Carbon Credit Market, by Sector, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Carbon Credit Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Carbon Credit Market Dynamics
3.1. Carbon Credit Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising governmental support
3.1.1.2. Rising support for corporate social responsibility (CSR)
3.1.2. Market Challenges
3.1.2.1. High Cost of Carbon Credit
3.1.3. Market Opportunities
3.1.3.1. Technological advancements
3.1.3.2. Rising public awareness and advocacy
Chapter 4. Global Carbon Credit Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Carbon Credit Market, by Sector
5.1. Market Snapshot
5.2. Global Carbon Credit Market by Sector, Performance – Potential Analysis
5.3. Global Carbon Credit Market Estimates & Forecasts by Sector 2020-2030 (USD Billion)
5.4. Carbon Credit Market, Sub Segment Analysis
5.4.1. Energy
5.4.2. Transportation
5.4.3. Residential and Commercial Buildings
5.4.4. Agriculture
5.4.5. Industry
5.4.6. Forestry
5.4.7. Water and Wastewater
Chapter 6. Global Carbon Credit Market, Regional Analysis
6.1. Top Leading Countries
6.2. Top Emerging Countries
6.3. Carbon Credit Market, Regional Market Snapshot
6.4. North America Carbon Credit Market
6.4.1. U.S. Carbon Credit Market
6.4.1.1. Sector breakdown estimates & forecasts, 2020-2030
6.4.2. Canada Carbon Credit Market
6.5. Europe Carbon Credit Market Snapshot
6.5.1. U.K. Carbon Credit Market
6.5.2. Germany Carbon Credit Market
6.5.3. France Carbon Credit Market
6.5.4. Spain Carbon Credit Market
6.5.5. Italy Carbon Credit Market
6.5.6. Rest of Europe Carbon Credit Market
6.6. Asia-Pacific Carbon Credit Market Snapshot
6.6.1. China Carbon Credit Market
6.6.2. India Carbon Credit Market
6.6.3. Japan Carbon Credit Market
6.6.4. Australia Carbon Credit Market
6.6.5. South Korea Carbon Credit Market
6.6.6. Rest of Asia Pacific Carbon Credit Market
6.7. Latin America Carbon Credit Market Snapshot
6.7.1. Brazil Carbon Credit Market
6.7.2. Mexico Carbon Credit Market
6.8. Middle East & Africa Carbon Credit Market
6.8.1. Saudi Arabia Carbon Credit Market
6.8.2. South Africa Carbon Credit Market
6.8.3. Rest of Middle East & Africa Carbon Credit Market

Chapter 7. Competitive Intelligence
7.1. Key Company SWOT Analysis
7.1.1. Company 1
7.1.2. Company 2
7.1.3. Company 3
7.2. Top Market Strategies
7.3. Company Profiles
7.3.1. WGL Holdings, Inc.
7.3.1.1. Key Information
7.3.1.2. Overview
7.3.1.3. Financial (Subject to Data Availability)
7.3.1.4. Product Summary
7.3.1.5. Recent Developments
7.3.2. Enking International
7.3.3. Green Mountain Energy
7.3.4. Native Energy
7.3.5. Cool Effect, Inc.
7.3.6. ClearSky Climate Solutions
7.3.7. Sustainable Travel International
7.3.8. 3 Degrees
7.3.9. Terrapass
7.3.10. Sterling Planet, Inc.
Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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