The Global Carbon Credit Trading Platform Market Size is valued at 110.2 million in 2022 and is predicted to reach 812.7 million by the year 2031 at a 25.05% CAGR during the forecast period for 2023-2031.
The global market for carbon credit trading platforms makes buying and selling carbon credits possible, providing businesses and organizations with a platform to reduce greenhouse gas emissions. Its main goal is to combat climate change and reduce greenhouse gas emissions. By allowing the trading of carbon credits, these platforms encourage investment in emission reduction projects and support international sustainability initiatives.
The need for enterprises to reduce their carbon footprints, more vital environmental rules, and growing awareness of climate change have all contributed to the market for carbon credit trading platforms experiencing significant development in recent years. However, prospective emission reduction targets and the overall demand for carbon credits could impact the market's stability.
Moreover, participants in the market may experience difficulties as the market expands due to the need for more regularity and uniformity in the methods used to trade carbon credits. Producers must reduce and reverse their carbon emissions by putting money into renewable energy, finding new markets for CO2, implementing carbon capture technologies, and deploying carbon offsets and credits. Additionally, the increase in the exchange and selling of these carbon credits will drive the market for trading platforms for carbon credits.
Key Developments:
- In Sept 2022, AirCarbon Pte Ltd, a Singapore-based corporation facilitating carbon credit trading, is considering developing a presence in India. AirCarbon demands a presence in India because it anticipates India to participate significantly in the global carbon market. Carbon markets involve purchasing and selling carbon credits (or carbon offsets). Carbon credits are awarded to businesses (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 tokenised Australian carbon credits (BCAU) using the ANZ Bank-issued A$DC stablecoin on its platform. Innovative transaction executed for Zerocap client Victor Smorgon Group to promote frictionless and secure digital transacting for carbon abatement instruments and climate control assets.
Competitive Landscape
Some of the major Carbon Credit Trading Platform market players are:
- Aircarbon Exchange (Acx)
- Betacarbon
- Carbon Credit Capital
- Carbon Trade Exchange (Ctx)
- Carbonex
- Carbonplace
- Climate Impact X
- Climatetrade
- Cme Group
- Eex Group
- Flowcarbon
- Intercontinental Exchange, Inc.
- Likvidi
- Nasdaq, Inc.
- Pathzero
- Planetly
- Public Investment Fund
- South Pole Group
- Toucan
- Xpansiv
Market Segmentation:
The carbon credit trading platform market is segmented based on product, system type and end users. Based on type, the carbon credit trading platform market is segmented as voluntary carbon market and regulated carbon. The carbon credit trading platform market is segmented by system type into cap, trade, baseline, and credit systems. End users segment the market into industrial, utilities, energy, petrochemical, aviation, etc.
Based On System Type, The Cap & Trade Category Is Accounted As A Tremendous Contributor To The Carbon Credit Trading Platform Market
The cap & trade category will hold a major share of the global Carbon Credit Trading Platform market in 2022. The cap and trade system regulates carbon emissions and limits overall emissions while allowing for flexible usage by different types of enterprises. Additionally, it generates a strong financial incentive for spending money on cleaner, more effective technologies that propel the market. The word "trade" provides businesses flexibility. This sector's expansion is also attributable to rising investments in clean energy projects and decarbonization ambitions.
The Utility Segment Witnessed Growth At A Rapid Rate
The utility segment is projected to grow rapidly in the global market. The utilities are committed to decarbonization programs to combat climate change, fueling demand for carbon credit trading systems. Utility companies must reduce carbon footprints and slow climate change because they are major greenhouse gas emitters. Utility companies can use carbon credit trading systems to purchase carbon credits from other companies that have lowered their emissions to offset their emissions.
The North America Carbon Credit Trading Platform Market Holds A Significant Regional Revenue Share
The North America carbon credit trading platform market is expected to register at the highest market share because there are more people working to fight climate change and cut greenhouse gas emissions. Many organizations in North America are committing to reducing their carbon footprints as part of their ambitious sustainability targets. By enabling businesses to buy carbon credits to offset their emissions, which promotes market growth, carbon credit trading systems provide a means of achieving these objectives.
In addition, the Europe region is projected to grow rapidly in the global carbon credit trading platform market. The region is strongly focused on achieving net zero targets, as seen by compliance and voluntary carbon market growth. Therefore, the decarbonization goal offers this region a great opportunity as it works to cut greenhouse gas emissions and make the transition to a more sustainable future.
Carbon Credit Trading Platform Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 110.2 Mn |
|
Revenue forecast in 2031 |
USD 812.7 Mn |
|
Growth rate CAGR |
CAGR of 25.05 % from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Product, System Type And End Users |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
Nasdaq Inc., European Energy Exchange AG., Carbon Trade Exchange, Xpansiv Data Systems Inc., CME Group Inc., Climate Impact X, Carbonplace, Likvidi Technologies Ltd., BetaCarbon Pty Ltd., Carbonex Ltd., Intercontinental Exchange Inc., AirCarbon Pte Ltd., Planetly and Toucan. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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