Global Carbon Credit Market (Value, Volume): Size, Insights, Competition, and Forecast (2023-2028)

HOUSTON - Feb. 26, 2023 - PRLog -- The Global Carbon Credit market was valued at USD 760.28 Billion in 2021 and is expected to grow at a CAGR of 21.14% during the forecast period of 2023-2028. Demand for carbon credits is expected to increase drastically in the near future due to the growing number of corporate net-zero commitments. Purchasing carbon credits allows corporations to become carbon-neutral today while they continue to work to reduce their emissions.

Businesses can commit to more aggressive and earlier goals with the help of carbon credits. Credits give companies the option to offset their current emissions while also taking cost-effective steps to cut future emissions through asset turnover and the evolution of their business models. In the long run, credits are crucial for offsetting hard-to-abate emissions from items that don't offer options for low or zero emissions.

Scope of the Report

• The report analyses the Carbon Credit Market by Value (USD Billion).
• The report analyses the Carbon Credit Market by Volume (Million Tonnes).
• The report presents the analysis of the Carbon Credit market for the historical period of 2018-2021, the base year 2022 and the forecast period of 2023-2028.
• The report analyses the Carbon Credit Market by Market Type (Voluntary Market, Compliance Market).
• The report analyses the Carbon Credit Market By End User (Aviation, Energy, Petrochemical, Manufacturing, Others).
• The Global Carbon Credit Market has been analysed by countries (United States, Canada, Germany, UK, Switzerland, Poland, Spain, France, China, South Korea).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by component, by vehicle.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analysed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include AltaGas, Sterling Planet, 3 Degrees Group Inc., Native Energy, Cool Effect, South Pole Group, ClearSky Climate Solutions, Carbon Credit Capital, Sustainable Travel International, EcoAct.

For more Information:

https://www.azothanalytics.com/report/manufacturing-and-construction/global-carbon-credit-market

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