Global Carbon Credit Market (2020 to 2027) - by Sector and Region

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Aug 03, 2021, 07:30 ET

DUBLIN, Aug. 3, 2021 /PRNewswire/ -- The "Carbon Credit Market, By Sector, and by Region - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

Carbon credits provide business with a verified method to balance unavoidable carbon footprint by directly supporting projects that are proven to reduce carbon emissions. One Carbon Offset/Credit represents the reduction of greenhouse gases equal to one metric ton of carbon dioxide equivalent (CO2e). The United Nations' Intergovernmental Panel on Climate Change (IPCC) developed a carbon credit proposal to reduce worldwide carbon emissions in a 1997 agreement known as the Kyoto Protocol. The Kyoto Protocol was signed in Kyoto, Japan, in 1997 by 192 industrialized countries. Countries that ratify the Kyoto Protocol are assigned a maximum limit of CO2 emission levels. Emitting more than the assigned limit will result in a penalty for the violating country in the form of lower emissions limit for the following period. However, if a country wants to emit more greenhouse gases than its allowed limit (without penalty), then it may participate in carbon trading using an Emissions Reduction Purchase Agreement (ERPA).

The global carbon credit market is divided into two types, suppliers market and buyers' market. The emerging economies such as China, India, and others (with relaxed rules for carbon emission as per Paris agreement in 2015) are considered as global suppliers for carbon credit market. India is becoming one of the emerging players for global carbon credit market, however, lack of awareness about carbon credit market among the Indian companies is expected to hamper the Indian carbon credit market growth. As India's GHG emission is below the carbon cap limit, Indian companies are entitled to sell surplus credits to developed countries.

Market Dynamics

The global carbon credit market is expected to grow significantly during the forecast period, owing to the increasing investment in the carbon credit market. At present, the carbon credit market is only limited to companies that are dealing with carbon emissions and its regulations. However, the rapidly growing global carbon credit market is expected to attract funding from various financial institutions such as venture capitals, banks, and others. On the other hand, international non-profit organizations are also investing in the carbon credit market in order to fund and promote scalable climate and environmental actions. For instance, in 2019, The World Bank, an international financial institution, initiated the Climate Change Fund Management Unit, which is responsible for developing new financial instruments for climate-resilient development, and low-carbon and scale-up climate action with the help of private-sector capital. The World Bank is investing around US$ 5 billion in capital for this initiative.

Among sector, forestry segment is expected to exhibit the highest growth during the forecast period. Forests play a vital role in combating climate change. Tropical forests cover about 15 percent of the world's land surface and contain about 25 percent of the carbon on the planet's surface. The loss and degradation of forests accounts for 15 - 20 percent of global carbon emissions. The majority of these emissions are the result of deforestation in the tropics, largely due to conversion of the forest to more lucrative economic activities such as agriculture and mining. The market for forest carbon credits has been significantly growing over the past ten years. Currently, there are three different project types that are eligible to produce carbon offsets; afforestation or reforestation, avoided conversion, and improved forest management (IFM). Improved forest management projects are the most common compliance offsets traded in California's cap and trade program.

Key features of the study:

This report provides in-depth analysis of global carbon credit market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2020- 2027), considering 2019 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
It profiles leading players in the global carbon credit market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
Companies covered as a part of this study include WGL Holdings, Inc., Enking International, Green Mountain Energy, Native Energy, Cool Effect, Inc., ClearSky Climate Solutions, Sustainable Travel International, 3 Degrees, terrapass, and Sterling Planet, Inc.
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
The global carbon credit market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global carbon credit market

Key Topics Covered:

1. Research Objectives and Assumptions

2. Market Purview

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
Procedure Of Carbon Credit Trading
Carbon Credit (Offset) Purchased By Companies
Carbon Offsetting Process
Global Greenhouse Gas Emissions Overview
Per Capita Carbon Emissions Data By Country (2019)
Overview Of Initiatives By Country
Carbon credit market: Protocols and standards
Carbon Crediting Mechanisms
Carbon Pricing Overview
Impact of COVID-19 Pandemic

4. Global Carbon Credit Market, By Sector, 2017-2027 (US$ Million)

Introduction
Market Share Analysis, 2017 and 2027 (%)
Segment Trends
Energy
Introduction
Market Size and Forecast, 2017-2027, (US$ Million)
Transportation
Introduction
Market Size and Forecast, 2017-2027, (US$ Million)
Residential and Commercial Buildings
Introduction
Market Size and Forecast, 2017-2027, (US$ Million)
Industry
Introduction
Market Size and Forecast, 2017-2027, (US$ Million)
Agriculture
Introduction
Market Size and Forecast, 2017-2027, (US$ Million)
Forestry
Introduction
Market Size and Forecast, 2017-2027, (US$ Million)
Water and Wastewater
Introduction
Market Size and Forecast, 2017-2027, (US$ Million)

5. Global Carbon Credit Market, By Region, 2017-2027 (US$ Million)

Introduction
Market Share Analysis, By Region, 2017 and 2027 (%)
North America
Regional Trends
Market Size and Forecast, By Sector, 2017-2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.S.
Canada
Europe
Regional Trends
Market Size and Forecast, By Sector, 2017-2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
U.K.
Germany
France
Russia
Rest of Europe
Asia Pacific
Regional Trends
Market Size and Forecast, By Sector, 2017-2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Regional Trends
Market Size and Forecast, By Sector, 2017-2027 (US$ Million)
Market Share Analysis, By Country, 2019 and 2027 (%)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East and Africa
Regional Trends
Market Size and Forecast, By Sector, 2017-2027 (US$ Million)
Market Share Analysis, By Country/Region, 2019 and 2027 (%)
South Africa
GCC Countries
Rest of the Middle East and Africa

6. Competitive Landscape

Company Profiles
WGL Holdings, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Enking International
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Green Mountain Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Native Energy
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Cool Effect, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
ClearSky Climate Solutions
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Sustainable Travel International
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
3 Degrees
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
terrapass
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Sterling Planet, Inc.
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments/Updates
Analyst Views

7. Section

For more information about this report visit https://www.researchandmarkets.com/r/wkehw0?

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