The Business Research Company's Carbon Credit Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
Increasing Transport Pollution Propels Market Growth
The growth of the carbon credit market is significantly driven by increasing transport pollution, which contributes to greenhouse gas emissions. Carbon credits play a crucial role in offsetting these emissions from transportation activities, including freight transportation and personal vehicles. Investments in sustainable practices and technologies through carbon offsets aim to improve the efficiency and sustainability of transport systems. For instance, transportation accounted for 29% of total US greenhouse gas emissions in 2021, highlighting the critical need for emission reduction strategies in this sector.
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Key Players and Market Trends
Major companies in the carbon credit market include NRG Energy Inc., Atos SE, and South Pole Group AG, among others. These companies are at the forefront of developing innovative solutions such as blockchain-based platforms to enhance transparency and traceability in carbon credit transactions. For example, Ernst & Young Global Limited's EY OpsChain ESG utilizes blockchain technology on Ethereum to provide verifiable CO2 emission data and ensure the authenticity of carbon offsets used by enterprises.
Segments:
• Type: Compliance, Voluntary
• Project Type: Avoidance Or Reduction Projects, Removal Or Sequestration Projects
• End-Use: Power, Energy, Aviation, Transportation, Buildings, Industrial, Other End-Uses
Region Insights: North America Leads, Asia-Pacific Grows Steadily
In 2023, North America emerged as the largest region in the carbon credit market, driven by stringent environmental regulations and robust corporate sustainability initiatives. Meanwhile, Asia-Pacific is expected to witness significant growth, supported by increasing adoption of carbon mitigation strategies across various industries.
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Carbon Credit Global Market Report 2024 from TBRC covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Carbon Credit Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on carbon credit market size, carbon credit market drivers and trends, carbon credit market major players, competitors' revenues, market positioning, and market growth across geographies. The carbon credit market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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