Global Carbon Credit (Compliance & Voluntary) Market: Size, Trends and Forecast up to 2028

DELHI, India - April 18, 2023 - PRLog -- The global carbon credit market traded value was US$978.56 billion in 2022. The market is expected to reach US$2.68 trillion by 2028. On the other hand, the global carbon credit market traded volume reached 13.22 GtCO2e in 2022. The traded volume is expected to reach 19.57 GtCO2e by 2028. A carbon credit is a way to measure, value, and trade a verifiable and quantifiable amount of GHG emissions with one credit universally understood to mean one ton of carbon dioxide or equivalent (tCO2e). Article 6 of the Paris Agreement provides a framework for the use of carbon credits, which can increase demand for them.

Scope of the Report:

-- An in-depth analysis of the global carbon credit (compliance & voluntary) market by traded value and by traded volume.

-- The analysis of global compliance carbon market based on segment (Europe, North America, UK ETS, New Zealand, South Korea, China, and CERs).

-- The analysis of global voluntary carbon market based on project category (Forestry and Land Use, Renewable Energy, Chemical Process/Industrial Manufacturing, Household/Community Devices, Waste Disposal, Energy Efficiency/ Fuel Switching, Agriculture, and Transportation).

-- The regional analysis of the voluntary carbon market, including the following regions:

Asia (India, China, Indonesia, and Rest of Asia)
Latin America (Brazil, Peru, and the Rest of Latin America)
Africa
North America (The US, Canada, and Mexico)
Oceania
Europe

-- Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.

-- Provides an analysis of the COVID-19 impact on the carbon credit market.

-- Assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall carbon credit market has also been forecasted for the period 2023-2028, taking into consideration the previous growth patterns, the growth drivers, and the current and future trends.

-- Evaluation of the potential role of carbon credit to improve the market status.

-- Identification of new technological developments, R&D activities, and type launches occuring in the carbon credit market.

-- The in-depth analysis provides an insight into the market, underlining the growth rate and opportunities offered in the business.

For further details, kindly visit :

https://www.daedal-research.com/power-and-energy/global-carbon-credit-compliance-voluntary-market-size-and-trends-with-impact-of-covid-19-and-forecast-up-to-2028

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